Alqanoni

نظام الهيئة العامة للأوقاف باللغة الإنجليزية

Art. 26
Status unknownSaudi ArabiaRegulation

Issued by General Authority for Endowments (Awqaf)

1. The Authority shall establish a financial accounting system for endowments under its trusteeship or management that is compatible with their nature and that ensures the protection of their funds and investments, as provided for in this Law. 2. The Authority shall establish a model financial accounting system for endowments not under its trusteeship or management, to help rustees protect endowment funds and investments. 3. The Authority’s financial regulations shall govern all financial matters, including the following: a) accounts; b) revenues and expenditures; c) collection of revenues of endowments under the Authority’s trusteeship or management and expenditure thereof on designated purposes in accordance with endowers’ conditions; d) budget and final accounts. Law of the General Authority of Endowments The Authority aims to regulate, maintain, and develop endowments so as to fulfil the conditions of their endowers and promote the role of the endowments in economic and social development and social solidarity in accordance with the intents of Sharia and law

The Arabic text is the legally binding version. The English translation is provided for guidance only.

Freshness not yet recorded

Related articles

Citing judgments

No judgments citing this article have been indexed yet.

Amendment timeline

No amendment history recorded.