Ma’an Social Impact Bonds employ an innovative “pay for outcomes” financial model to fund solutions to highly complex, long lasting, and deeply rooted social challenges that have a measurable financial impact on our society.
Ma’an Social Impact Bonds are the first of its kind in the region that enable the private sector and individuals to invest in and contract for the delivery of public services that provide measurable impacts on these significantly and costly social challenges.
Ma’an will enable the third sector to flourish in Abu Dhabi through diverse channels of support, advocating policy and leveraging knowledge, expertise, networks and funding. As well as partnering with government entities to prioritize and steer funds for programs that serve the city’s social needs, we will motivate the private sector and public to engage with us to incubate new ideas that grow into fully-fledged non-government organizations and social enterprises.
Social impact contract is an umbrella term for forms of contracting that set out to achieve positive social impact purposively. Positive social impact is not left to chance, but is the deliberate goal of social impact contracts.
The achievement of usually pre-defined types of social impact is the basis of the legal contract. Payment is made entirely or partly on the basis of the achievement of the pre-defined social impact.