Alqanoni

نظام الهيئة العامة للأوقاف باللغة الإنجليزية

Art. 6
Status unknownSaudi ArabiaRegulation

Issued by General Authority for Endowments (Awqaf)

1. registering all endowments in the Kingdom following documentation; 2. creating an inventory of all endowments and setting up a database thereof; 3. assuming trusteeship of the following endowments: a) public, private (family), and joint endowments, unless the endower stipulates that a person or an entity other than the Authority shall assume trusteeship; b) endowments of Hajj and Umrah Miqats; 4. managing endowments overseen by a trustee other than the Authority at the request of the endower or trustee; 5. overseeing the work of trustees and taking legal measures to achieve the endowments’ objectives without interfering with trusteeship duties by taking the following actions: a) reviewing the annual accounting reports on endowments; b) providing trustees with technical support and information; c) providing financial and administrative consultation without violating the endower’s conditions; d) assigning a representative to attend general assembly meetings, or meetings of the boards of directors of endowments that do not have general assemblies, when reviewing the annual financial report of the endowment; e) requesting the change of the external auditor; f) filing a motion – if necessary – to dismiss the trustees who fail to achieve the objectives of the endowment or fail to meet the trusteeship conditions; Law of the General Authority of Endowments 6. approving applications for the establishment of public and joint endowments financed through fundraising, donations, or contributions, and issuing necessary permits; 7. ollecting revenues of endowments under the trusteeship of the Authority and expending said revenues on designated purposes in line with the endower’s conditions, and in coordination with the competent authorities, if necessary; 8. ollecting revenues of endowments under the management of the Authority and expending said revenues on designated purposes in accordance with the management contract and in line with the endower’s conditions, and in coordination with the competent authorities, if necessary; 9. taking necessary measures to use immovable and movable property endowed outside the Kingdom for general charities within the Kingdom – in coordination with the Ministry of Foreign Affairs – and expending revenues thereof on designated purposes; 10. taking necessary measures to promote the culture of endowment through the following: a) promoting and facilitating the establishment of endowments and providing information, advice, and support for endowers, trustees, and potential endowers; b) developing existing types of endowments and seeking to introduce new types in coordination with relevant authorities; Law of the General Authority of Endowments c) contributing to the establishment of endowment projects and academic and research activities to promote social development and fulfil endowers’ conditions and endowment purposes, in coordination with government and non-government agencies; d) raising awareness about the importance of endowments and their economic and social roles; organizing seminars, conferences, and other awareness-raising activities; and conducting studies and research in the field of endowments. Law of the General Authority of Endowments 1. The Authority shall have a board of directors chaired by the Minister of Human Resources and Social Development and comprising the following 15 members: a) Governor, Member and Vice-Chairman b) a representative from the Ministry of Islamic Affairs, Endowments, Dawah and Guidance, Member c) a representative from the Ministry of Justice, Member d) a representative from the General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque, Member e) a representative from the Ministry of Finance, Member f) a representative from the Ministry of Social Affairs, Member g) a representative from the Ministry of Education, Member h) a representative from the Saudi Commission for Tourism and National Heritage, Member i) a representative from the General Commission for Guardianship over Property of Minors and the Like, Member j) a representative from the charitable societies and institutions involved in endowments, Member k) a businessman having endowments, Member l) two prominent specialists in the fields of economy and investment, Members m) a Sharia specialist in financial and economic transactions, Member. n) a representative from a private endowment, Member. 2. Representatives of the agencies referred to in paragraphs (b), (c), (d), (e), (f), (g), (h), and (i) shall be of a rank not lower than grade 14 or equivalent 3. Members referred to in paragraphs ( j), (k), (l), (m), and (n) shall be appointed pursuant to a resolution by the Council of Ministers, upon nomination by the Chairman, for a term of three years, renewable once 4. Remuneration of the Chairman and members of the Board of Directors for attending Board meetings shall be determined pursuant to a resolution by the Council of Ministers

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

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