Registering Endowment Supervisors through the official channels of the Authority and adhering to the requirements of the Regulation of the organization of the work of the trusteeship, and processing them as required by the procedures in force in the Authority.

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Average: 2.3 (15 votes)

Mortmain property and the disbursement of its proceeds.

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Average: 3.7 (21 votes)

This service allows for submitting a request for the authority to intervene in a case in which one of the parties is an endowment, after verifying the interest and necessity of intervention.

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Average: 3.4 (14 votes)

Endowment Investment Portfolio: A financial vessel that does not have an independent legal personality in which endowment funds of value are collected for the purpose of investment, provided that they are disbursed in accordance with the condition of the endowment, and in accordance with the management agreement in private endowment investment portfolios.

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Average: 4.3 (20 votes)

It is an electronic service available through the website of the General Authority for Endowments, and it is for the beneficiaries of the atomic endowments supervised by the Authority.

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Average: 3.8 (18 votes)

It is a disclosure form to ensure the compliance of endowment principals with the regulation of the work of the superintendents, and to inform the principals of the most important requirements in the regulation of the work of the superintendents.

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Average: 4.5 (17 votes)

It is one of the electronic channels provided by the General Authority for Endowments for the purpose of the Nazir or whoever undertakes the work of the Endowment Department to upload the endowment data for the financial statements or fill out the form for the financial statement.

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Average: 3.1 (19 votes)

Based on people of knowledge, the requirement of trustees means: "The strength and ability of the person to act in what is considered by him". Accordingly, this authority measures knowledge and qualification to consider the type of endorsement, its size and operational needs, and the skills and expertise it needs to manage it. It considers adapting the applicant to the trustees to do what is required of him towards the endowments, by the criteria governing it. As stipulated in article 5 on the conditions of appointment of the trustees, paragraph (No. 1): "The appointment of a natural person shall be required: and (c), which stipulates that he shall possess the appropriate knowledge and qualification to administer the stay and care for its affairs.

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Average: 3.4 (12 votes)

  • Provide an official document to the donor that is easily and conveniently obtained, guaranteeing the donor's rights and the rights of the endowment.
  • Take advantage of the services provided by governmental and private entities and protect the functions and activities of the endowment with governmental and non-governmental entities.
  • Opening bank and investment accounts.
  • Open an investment account.
  • Unified National Number Extraction (7).

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Average: 4.9 (113 votes)

The non-profit entity or more licensed within the Kingdom.

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Average: 3.6 (16 votes)

The service aims to provide a database of individuals and entities qualified for the trusteeship, and develop their skills in the future by targeting them with training programs aimed at developing endowment work.

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Average: 4.5 (11 votes)

  • Endowment: A term used to denote.
  • Formula: A statement used to denote the will of the endowment.
  • Endowment Property: A definition which describes the the property. 
  • Beneficiary: The beneficiary of the proceeds of an endowment, whether a person, an initiative, a project, or any other disbursement channel.

Was the information provided useful

Average: 4.4 (12 votes)

Yes, the guardians, endowment administrators, beneficiaries, agents, and the public can request this service.

Was the information provided useful

Average: 3.1 (8 votes)

There are two types of endowment investment portfolios that differ according to the management style:

  • Endowment Investment Portfolio The investor manages his portfolio himself if he is an expert in securities activities.
  •  A private endowment investment portfolio, on behalf of the investor who manages his portfolio through licensed capital market institutions, in case the investor lacks the necessary experience or sufficient time to manage it.

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Average: 3.1 (11 votes)

The purpose of registration is to apply as a new beneficiary for an atomic endowment. Objective of Update: It means that the beneficiary is already registered as a beneficiary and requires updating his data.

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Average: 4 (11 votes)

The administrator or whoever manages the endowment.

Was the information provided useful

Average: 4.5 (13 votes)

The administrator or whoever manages the endowment.

Was the information provided useful

Average: 3.8 (13 votes)

  • The Authority is working on a mechanical model for licensing legal persons to the work of trusteeship on the endorsement. The licensing procedures include considering the conditions, competencies.

  • and qualifications required of the legal person in the trusteeship on the endorsement.

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Average: 2.8 (13 votes)

No. Do not disregard the deed, the certificate to verify the endowment and help manage the endowment to open bank accounts, and review all necessary government agencies.

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Average: 4.7 (16 votes)

The percentage of profits distributed to beneficiaries shall not be less than (50%) per year of the Fund's net distributable revenue if any.
They are disbursed by the beneficiaries on the endowment banks specified in the Fund's terms and conditions.

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Average: 4.3 (12 votes)

Academic qualification and years of experience.

Was the information provided useful

Average: 2.9 (11 votes)

The founder of the endowment 

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Average: 4.7 (12 votes)

Yes, the beneficiary's data can only be accessed by individuals authorized by the General Authority for Endowments.

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Average: 5 (7 votes)

Both types are available to endowments, and the endowment investment portfolio is chosen if the investor is an expert in securities activities, and if he is unable to manage, due to his lack of time or lack of the necessary experience, he can choose the private endowment investment portfolio.

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Average: 3.8 (9 votes)

Yes, provided that the applicant is one of the beneficiaries of the atomic endowments supervised by the Authority and has already been disbursed to beneficiaries.

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Average: 3.5 (14 votes)

The Authority shall follow up on the commitment of the Nazir or whoever undertakes the work of the Endowment Department to the regulation regulating the work of the Superintendent.

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Average: 4 (14 votes)

The Authority shall follow up on the compliance of the Nazir or whoever undertakes the work of the Endowment Department with the requirements of paragraphs No. (4) and No. (5) of Article Fifteen of the Regulations Regulating the Work of the Supervision and Financial Management. In addition to the contents of paragraph (8) of Article X concerning the obligations of the Nazir.

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Average: 3.9 (13 votes)

The application for the license will be announced and the terms clarified through the Authority's website. 

A committee will be set up in the Awqaf Authority to consider applications for registration according to specific procedures by the basic requirements of the regulation.  All trustees registered with the Authority are automatically registered. In the absence of observations or irregularities related to trusteeship work or the integrity of trustees, Article 6 of the trusteeship Regulations refers to this.

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Average: 4.5 (11 votes)

No. No deed can be mainly a substitute for the endowment deed, and the trusteeship deed can be based on exceptional cases provided that the trusteeship deed is complete (the name of the donor- all the donor requirements) and only the information of the endowment provided.

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Average: 4.2 (14 votes)

Through the banks that the fund deals with according to the following:

  1. Through the banks that the fund deals with according to the following
    • Opening an investment account and approving the investment account opening agreement
    • Sign up for the Fund and accept the Terms and Conditions Document
    Through the Waqfy platform "Quick Contribution" without the need to register or agree to the terms and conditions of the Fund by the following steps: 
    • Selection of the Endowment Investment Fund.
    • Select Amount.
    • Payment by Electronic Payment Methods 
  2. Through direct transfer from the current account to subscribe to the current account of the Fund.

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Average: 4.8 (12 votes)

The customer is notified at each stage of the application, informing him of the latest updates and notifying him in the event of any deficiencies.

Was the information provided useful

Average: 3.4 (8 votes)

The beneficiary of the proceeds of an endowment, whether a person, an initiative, a project or any other disbursement channel.

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Average: 4.3 (9 votes)

  • Copies of all documents related to the endowment (property and endowment deeds, guardianship documents).
  • Session regulations and documents related to the case.

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Average: 4.8 (6 votes)

Yes, it is necessary to look at them to know the necessary requirements and powers.

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Average: 2.6 (10 votes)

Yes, the applicant has the right to update his and his dependents data only.

Was the information provided useful

Average: 3.9 (12 votes)

The General Authority for Endowments shall apply the provisions of Article Twenty-Four on penalties of the regulations regulating the work of the superintendent in the event of non-compliance.

Was the information provided useful

Average: 2.1 (11 votes)

The General Authority for Endowments shall apply the provisions of Article Twenty-Four on penalties of the regulations regulating the work of the superintendent in the event of non-compliance.

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Average: 4.5 (12 votes)

The Authority will accept submissions via its website for the Regulations on the Organization of Trusteeship Work in Nafath within two years. This will be announced, and the eligible procedures and conditions set out in the Regulation will be clarified.
Article IV on the assignment of the Trustee (No. 5)
"If the trustee's position is vacant but the operation was not completed, the Authority or person in a capacity may complete the procedures for the assignment of the trustee to the competent authority, provided that the trustee is registered in the trustee's registry and not contrary to the requirement of the donor"

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Average: 3.3 (12 votes)

The types of endowments revenue are determined by the endower, which is:

  • A family endowment (Private): is what the benefit is made in, starting with the relatives of the endower or certain individuals. The Family endowment is said to be the Children’s Endowment. 
  • General endowment: to one or more of the points of goodness, this is what was initially made on one of the areas of righteousness, such as The Charity Society for the Preservation of the Holy Quran.
  • A joint Endowment : brings together a charitable and private endowment.

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Average: 4.4 (19 votes)

The Fund's assets shall be liquidated by the terms and conditions of the Fund and if this is not possible for the Authority. Transfer it to another beneficiary entity, without prejudice to the condition of the endower.

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Average: 4.4 (9 votes)

The formula specified by endowment funder regarding the endowment, its revenue, its disbursement, its supervisor, or the recipient

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Average: 4.9 (10 votes)

  • The endowment must have an interest in the intervention.
  • The case must be pending in the first instance, and the pleading must not be closed.
  • All session regulations and documents related to the case must be attached.
  • All documents related to the endowment (property and endowment deeds, guardianship) must be attached.

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Average: 4.8 (8 votes)

It enables endowments to benefit from investment opportunities in the financial market and diversify their endowment assets, which are available to all categories of endowments and endowments.

Was the information provided useful

Average: 2.9 (8 votes)

The applicant is not allowed to register and update the data of the beneficiaries of the endowment unless he is an agent and holds a statutory power of attorney for other beneficiaries.

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Average: 3.3 (7 votes)

The data shall be submitted annually or within a period of time not exceeding fifteen working days from the date of any material change to the endowment, whether a change to the endowment or the beneficiary.

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Average: 3.8 (11 votes)

The data is submitted upon request from the Authority and within a period not exceeding 5 working days.

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Average: 3.8 (13 votes)

The translator submits his resignation to the competent authority (based on the regulation) and after acceptance shall notify the authority in writing and attach proof. In the case of the Trusteeship Board, resignation is submitted to the Trusteeship Board if the donor's requirement is included. After accepting the resignation, the Board shall document it with the competent authority and notify the Authority of the decision issued in this regard after the completion of the statutory procedures.

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Average: 2.8 (10 votes)

10 days before the expiration of the certificate, a renewal icon is available from my order list and upon request, the option to request a renewal of a certificate is available

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Average: 3.6 (18 votes)

Directives for Approval of the Establishment of endowment Investment Funds and Investment Funds Regulations issued by the Capital Market Authority.

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Average: 4.1 (11 votes)

Approval is issued within 5 working days of fulfilling all requirements.

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Average: 3.8 (8 votes)

Words used to explain the conditions of the endowment funder.

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Average: 4.6 (7 votes)

The function of a portfolio manager licensed by the Capital Market Authority is limited to practicing securities business, and he does not practice the business of spectators.

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Average: 3.8 (8 votes)

Yes, the beneficiary's data can only be viewed by the persons authorized by the General Authority for Endowments.

Was the information provided useful

Average: 1.2 (5 votes)

The General Authority for Endowments shall apply the provisions of Article Twenty-Four on penalties of the regulations regulating the work of the spectacles in the event of incorrect data.

Was the information provided useful

Average: 3.7 (10 votes)

The General Authority for Endowments shall apply the provisions of Article Twenty-Four on penalties of the regulations regulating the work of the spectacles in the event of incorrect data.

Was the information provided useful

Average: 3.8 (9 votes)

The endorsement is registered and updated by the Authority through the services available on the website of the GAA www.awqaf.gov.sa, which is referred to in Article 8 of the Regulation on the Organization of the Work of the Trusteeship.

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Average: 4 (8 votes)

If the deed is updated, all new and updated will be attached to the endowment.

If there is no update, the attached will remain the same.

Was the information provided useful

Average: 4.3 (9 votes)

The endower is not required to be Saudi, whether the person is natural or legal.

Was the information provided useful

Average: 4.9 (9 votes)

Amendment to the data provided can be requested if it changes.

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Average: 3.8 (8 votes)

Document issued by the competent court confirming the endowment or any amendment to it.

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Average: 2.6 (9 votes)

One of the tasks of the General Authority for Endowments, as stipulated in its regulations issued by Royal Decree No. (M/11) dated 26/02/1437 AH, is to safeguard endowments from any encroachment and to develop and nurture them to fulfill the conditions of their founders and enhance their role in economic, social development, and social solidarity, in accordance with the objectives of Islamic Sharia and the regulations, based on Article 2 and Paragraph (11) of Article 7 of the Authority's regulations. The goal: To protect endowments from any encroachment and defend them.

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Average: 1.8 (5 votes)

The endowmer or trustee manages the portfolio, while private endowment investment portfolios are managed by a licensed capital market institution.

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Average: 3 (7 votes)

They are the mandatory fields that appear after entering the service.

Was the information provided useful

Average: 3.1 (10 votes)

Yes, the data submitted to the General Authority of Endowments can be modified or updated.

Was the information provided useful

Average: 4.1 (12 votes)

Yes, the data submitted to the General Authority of Endowments can be modified or updated.

Was the information provided useful

Average: 3.9 (11 votes)

Among the most significant changes, but not limited to:

  • Assets of donor contributions by the instrument of proof of it.
  • Change to the donor requirement (beneficiaries of the donation for example).
  • Change in trustee/s data and updates. 

Was the information provided useful

Average: 3.8 (8 votes)

At each stage of the application, the customer is sent a text message informing him of the latest updates on the application.

Was the information provided useful

Average: 4.6 (8 votes)

All units of the Fund are endowments, and their value may not be recovered.

Was the information provided useful

Average: 4.6 (10 votes)

There are three stages of registration of Endowment Supervisors, namely:

  1. Endowment Supervisors Registration
  2. A record of Endowment Supervisors
  3. Endowment Supervisors License

The Endowment Supervisors will be notified and the opening of the license application will be announced and the conditions will be clarified through the Authority's website.

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Average: 2 (6 votes)

It is the yield resulting from the endowed asset, such as property rent, and it is called rent, yield, and revenue.

Was the information provided useful

Average: 2.6 (8 votes)

The beneficiary has the right to apply for the intervention service in a case under the following conditions:

  1. The endowment must have an interest in the intervention.
  2. The case must be pending in the first instance, and the pleading must not be closed.

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Average: 3 (5 votes)

Whenever the endower or trustee so desires, he must sign the endowment investment portfolio management agreement if the portfolio is private, without prejudice to the requirements contained in the Capital Market Authority Law and the Regulations for Establishing Waqf Investment Portfolios.

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Average: 3.8 (6 votes)

According to the applicant's capacity:

  • Main Beneficiary:
    • National identity.
    •  National address.
    •  اBank IBAN.
  • Agent :
    • Agency instrument.
  • Guardian - Custody :
    • Custody deed.
  • Guardian - Guardianship:
    • Mandate deed.
  • Guardian - Minor:
    • Family registry.

Other attachments " when needed ".

Was the information provided useful

Average: 3.4 (10 votes)

The Regulation of the "Executive" trusteeship board, the Investment Regulation, or any other regulations guaranteeing the implementation of the donor requirement is among the most important regulations to be made available to large and medium endowments. The endorsement merger of the above regulations into a single regulation depends on the size of the endowment’s operations. Considering the endorsement deed, this may require other regulations required to what is suitable.

Was the information provided useful

Average: 3.7 (7 votes)

Yes, it is notified by a reminder text message.

Was the information provided useful

Average: 4.1 (12 votes)

All returns are paid to beneficiaries’ entities by the exchange areas specified in the Fund's Terms and Conditions.

Was the information provided useful

Average: 5 (8 votes)

There are no fees or financial fees if the intervention is by the General Authority of Awqaf.

Was the information provided useful

Average: 2.8 (4 votes)

A register shall be established in the Authority in which the names of the Endowment Supervisors qualified for the work of the glasses shall be registered in accordance with the conditions of registration, in compliance with the provisions of the (Regulation organization of the work of the trusteeship) in Article Six: Registration in the Endowment Supervisors Register. A committee will be formed in the Authority to register endowment principals to consider registration applications according to specific procedures in accordance with the basic conditions contained in the regulation. In the absence of observations or irregularities related to the work of the trusteeship or the integrity of the Endowment supervisor, as referred to in Article VI of the regulation of the work of the trusteeship.

Was the information provided useful

Average: 2.2 (5 votes)

A conditional endowment on a specific descendant or relative, whether by person or description. 
Such as:  I have endowed this building to Allah, and made its yield to my descendant. 

Was the information provided useful

Average: 4.3 (12 votes)

The processing time depends on each request and the size of the case at hand.

Was the information provided useful

Average: 3 (5 votes)

The manager of the endowment investment portfolio in agreement with the endower or the trustee.

Was the information provided useful

Average: 3 (7 votes)

Disbursement is made according to the approved due date and the completion of the necessary documents.

Was the information provided useful

Average: 3.6 (8 votes)

Regarding the collection of donations to establish endorsement, the competent authority is the General Authority of Awqaf, In article 5, paragraph 6, of the Regulations of this Authority.

Was the information provided useful

Average: 2.8 (9 votes)

No. Only if there is any change to the endowment, the deed will be updated and then attached to the request.

Was the information provided useful

Average: 4.8 (11 votes)

Currently, all endowment investment funds are public funds with no specific duration.

Was the information provided useful

Average: 2.6 (7 votes)

A conditional endowment on certain general aspects of righteousness, specifically or descriptively. 
Such as: I have endowed this farm to Allah, and made its yield to the orphans. 

Was the information provided useful

Average: 4.6 (7 votes)

More than one endower can participate in an endowment investment portfolio.

Was the information provided useful

Average: 4.5 (6 votes)

Disbursement is made according to the approved due date and the completion of the necessary documents.

Was the information provided useful

Average: 3.6 (8 votes)

The trustee must make available the information and data (eligible) confined to the donor's requirement, who has an interest in the endowment, such information and data consist of the financial statement of expenses and imports (according to the Authority model of small endowments, financial statement of medium and large endowments). The criteria for exchange and entitlement. the endowment, trustee, and contracts deeds copies -when requested- and state the most substantial changes to the assets of the endowments described in article 8 of the Regulations. The trustee shall organize meetings with their beneficiaries, or via email, or any tools that fulfill the trustee’s compliance with the requirements of the regulation.

Was the information provided useful

Average: 3.3 (7 votes)

A guide to the registration of the endowment is available on the Authority's website.

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Average: 2.3 (10 votes)

Investment and expenditure of endowment funds on various charity aspects to make the Sunnah of endowment and diversification of investment.

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Average: 3.4 (10 votes)

The endowment whose condition includes the private and public endowment. 
Such as: I have endowed this institution to Allah, and made its yields to my descendant and different beneficiary

Was the information provided useful

Average: 4.6 (8 votes)

Yes, the disbursement is made according to the approved due date and the completion of the necessary documents.

Was the information provided useful

Average: 1 (4 votes)

Using any traditional or technical means of communication that facilitates and facilitates communication between the supervisor and beneficiaries of the endorsement, beneficiaries’ entities that relate to the endorsement. Article 10 on the trustee's Obligations (No. 5) "establishes a mechanism for communicating with beneficiaries associated with the endorsement to receiving and addressing queries, suggestions, and complaints.

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Average: 4 (8 votes)

Yes, the edit icon is available from my order list and upon request the endowment request option is available.

Was the information provided useful

Average: 4.7 (9 votes)

There are no fees.

Was the information provided useful

Average: 4.3 (6 votes)

It is the entity that disburses to it the proceeds of the endowment according to the endowment condition

Was the information provided useful

Average: 4.6 (11 votes)

Portfolios cannot be merged where the Authority's approval is issued to create a portfolio, but assets can be transferred from one portfolio to another without merging portfolios.

Was the information provided useful

Average: 3.6 (5 votes)

According to the condition of the endowment, the application is studied by the concerned department.

Was the information provided useful

Average: 3 (4 votes)

The mechanism shall include at least the provision of data and information to beneficiaries outside the Kingdom on a donor's condition. Exchange dates, bank account data, state name, and purpose of transfer, in any case, the Authority's approval must be obtained before transferring the endowment funds to the beneficiaries abroad. According to Article 10 on the obligations of the trustee (No. 7), "Establish a mechanism for the disbursement of the proceeds of the endorsement if the endorsement beneficiaries are outside the Kingdom and notify the Authority."

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Average: 2 (6 votes)

Contact is done by customer service and attaches all the required data in the email to request a transfer of ownership as follows:

  • The name of the trustee, agent, or endower with an ID number.
  • Application number.
  • Certificate number.
  • The name of the former trustee with an ID number.
  • Reason for the disqualification or waiver of the former trustee.
  • Required Documents: Previous trustee's ID Card/ trustee's ID, Agent or Current endower/endowment deed/ trusteeship Deed/Property Deed.

Was the information provided useful

Average: 4.6 (7 votes)

An investment fund with all its endowment units, where funds are invested and disbursed to beneficiaries of the fund.

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Average: 4.8 (78 votes)

The one who oversees the endowment, whether a natural or legal person.

Was the information provided useful

Average: 4.2 (9 votes)

Portfolio assets can be transferred from one financial institution to another.

Was the information provided useful

Average: 4 (5 votes)

On the Authority's website - e-services

Was the information provided useful

Average: 3 (5 votes)

Includes at least the names of the beneficiaries and by the condition of the donor, their identification numbers, and bank account information which shall be kept by Article (20) of the Regulations, updated continuously and available upon request.

Was the information provided useful

Average: 3.9 (8 votes)

Attach the endowment deed - the trusteeship deed - the ownership deed - a copy of the investment portfolio (if the principal of the endowment is shared) - the valid agency deed (if the applicant is an agent).

Was the information provided useful

Average: 3.8 (6 votes)

Yes, the Fund manager issues the quarterly statement, preliminary financial statements, and annual reports of the Fund.

Was the information provided useful

Average: 3.3 (11 votes)

The right to supervise and manage the affairs of the endowment, protect its assets and revenues, care for its interests, represent it, and implement the conditions of the endowment.

Was the information provided useful

Average: 4.6 (7 votes)

Yes, if the endower stipulates that the endowment be joint.

Was the information provided useful

Average: 3 (3 votes)

Yes.

Was the information provided useful

Average: 3.9 (7 votes)

Through communication with the Financial Investigations in the Presidency of State Security through official reporting channels, the Authority will communicate with the trustee if there are reporting channels developed and published on the Authority's website.

Was the information provided useful

Average: 2.4 (7 votes)

Each deed is registered independently of the other.

Was the information provided useful

Average: 2.9 (7 votes)

After the approval of the General Authority of Awqaf for the establishment of the endowment Investment Fund, apply for the Fund's license in the Capital Market Authority.

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Average: 3.7 (7 votes)

It is a joint investment method that aims to provide opportunities for its investors to collectively participate in the profits of the activity and is managed in exchange for specific fees or profit sharing.

Was the information provided useful

Average: 4.7 (7 votes)

There is no minimum amount to create a portfolio.

Was the information provided useful

Average: 3.6 (7 votes)

A message will appear on the screen to correct the required data.

Was the information provided useful

Average: 2 (5 votes)

Giving the violator the right and time to reply to the Authority when he is informed of the violation, to provide clarification about it, and to submit all documents supporting his position and maintain the confidentiality of the information Authority's officials.

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Average: 4.3 (7 votes)

If the account is new, it does not appear. If the account is old, it shows a renewal icon. If the previous applicant is changed, whether he is deceased or an agent, his agency is terminated or a supervisor has been removed, the account must be transferred to the current applicant to show him a renewal icon.

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Average: 3.8 (9 votes)

Market institutions licensed by the Capital Market Authority.

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Average: 3.3 (7 votes)

An amount paid by a person called the trust creator to another who preserves and invests it called trustee for the benefit of a third party who benefits from the trust, and it may be temporary or permanent.

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Average: 2.6 (8 votes)

You will receive a text message to inform the beneficiary of the status of the application.

Was the information provided useful

Average: 3.4 (7 votes)

The endorsement requirement must be enforced in all cases as far as possible, and if the endorsement requirement does not specify this, the expense dates specified in article 13 shall not exceed.

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Average: 3.8 (8 votes)

In this case, 0 left of the deed number is placed so that the system can accept it.

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Average: 3.8 (8 votes)

The application is submitted through the website of the General Authority of Awqaf by the fund manager appointed by the beneficiary. Approval of the fund or rejection is issued with a statement of the reasons for the rejection.

You can also see the User Manual for applying for approval of the establishment of an investment fund “here”

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Average: 4.8 (6 votes)

They are funds of indefinite duration. All of their units are suspended, non-circulating, and not available to the general public. Their proceeds go to the beneficiaries of the fund, and qualified non-profit entities benefit from them in accordance with the conditions and controls set by the General Authority of Awqaf.

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Average: 2.2 (6 votes)

The competent authority -the competent court- shall be consulted to interpret the donor requirement if the donor does not specify, describe, or the beneficiary’s absence.
Or the trustee is not sure about the exchange in case the donor does not give the trustee authority to act, with no contrary to the donor's requirement.

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Average: 3.3 (6 votes)

By the edit icon in the user account with clarification of the required edits.

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Average: 4.3 (11 votes)

  1. Memorandum of understanding between the Fund Manager and the beneficiary entities.
  2. Draft Terms and Conditions of the Fund.

Was the information provided useful

Average: 4.8 (9 votes)

Usually old documents with witnesses, and they may have to be authenticated by the town judge. All of them must be presented with a new one. If the procedures are over, a new, independent argument is extracted, and nothing is added to these documents because they are not considered valid.

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Average: 2 (7 votes)

This is done through the application of the controls referred to in Article 15 of the trusteeship Regulations:

  1. Establishes account in the name of endorsement of banks in the Kingdom, through it all financial transactions for endorsement and management of its affairs are conducted, and the funds for authenticity are not mixed with personal funds.
  2. Registration of all financial transactions of endorsement in Arabic.
  3. Preservation of endorsement documents and correspondence in a regular manner.
  4. Prepare the estimated budget for all endorsement activities considering its current and future needs, and prepare audited financial lists approved by accountants and auditors certified by the Saudi Organization for Chartered and Professional Accountants for large and medium-sized endorsements.
  5. Preparation of an annual financial statement indicating the imports and expenses of the endowment. (For small endowments), as well as clarification of the powers to complete the financial operations of the endowment.

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Average: 3.7 (6 votes)

You can renew the endowment certificate and its validity period is 30 days until a bank account is opened.

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Average: 3.7 (3 votes)

1) Developmental endowment funds

2) Endowment investment funds

3)  Endowment sukuk

4) Endowment investment portfolios.

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Average: 1 (7 votes)

The Authority organizes awareness-raising and training programs to raise awareness of the risks of money laundering and the risks of financing terrorism. These programs can be attended by people who conduct financial transactions for the benefit of the endowment. It is also necessary to be informed of the Anti-Money Laundering guide and Terrorist Financing issued by the Authority and to access the awareness materials in this regard through the Authority's website.

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Average: 1.4 (5 votes)

1- That the interest of the endowment is achieved.

2- The accusation and favoritism in the replacement should be eliminated.

3- The consideration should not be less in value or less in revenue.

4- Take the initiative to purchase the replacement immediately.

5- The replacement must be with the approval of the competent authority or with a valid legal fatwa

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Average: 3.3 (10 votes)

The service will be provided through the website of GAA www.awqaf.gov.sa.

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Average: 1.8 (4 votes)

It is what the endower mentions in his endowment document and makes it a priority  over any other disburses, because maintenance is one of the reasons for the sustainability of the endowment.

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Average: 2.4 (8 votes)

The financial statement service will be provided through the website of GAA www.awqaf.gov.sa and a financial statement form will be available on the site.

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Average: 2.5 (4 votes)

Endowment: the transfer of money from the property of the endower to the property of Allah and the use of its benefit in some form of righteousness in order to seek reward from Allah.

Will: It is a person’s donation of money after his death. 

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Average: 5 (8 votes)

In the case of an existing contract that is contrary to the requirement of the article and the trustee considers that this is in the interest of endowment, the trustee shall submit to the Authority clarifying the interest of endowment from that contract and the importance of maintaining it and the Authority shall decide therein.
The Authority shall be empowered to exempt from the application of one or more provisions of the Regulations by the type and size of the endowment and proportion to the case as Article 28 of the Regulations stipulates.

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Average: 2.8 (6 votes)

Any specific endowments assets in which the endower's intention was to mortmain a specific asset, such as endowment of real estate, including endowment of benefits and endowment of moral rights.

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Average: 2.6 (9 votes)

Article 7 of the Implementing Regulations of the Sharia law clarifies the first and second degree (first class: father, mother, son, and daughter). second degree: Brother, sister, grandfather, grandmother, Son of the son, daughter of the son, daughter of the daughter).

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Average: 3.8 (4 votes)

They are endowments in which the donor’s intention was to make them an asset to be invested and developed through circulation and exploitation according to commercial requirements, not to confine them to their assets, but rather his goal is to sustain the endowment with these assets or their alternatives, such as money endowments and endowment companies.

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Average: 1 (6 votes)

Yes, the rules are published and available to the public via the GAA website.

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Average: 2.6 (5 votes)

Endowments whose total value of endowed assets is 200 million Saudi riyals or more.

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Average: 5 (6 votes)

The competent authority issues penalties, by the mechanisms regulated by that authority. According to article 24 of the Penal Code, paragraph (No. 1), article (c): "Suspension of the work of the trusteeship for a period not exceeding (90 days) from the date of the violation.

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Average: 2.6 (5 votes)

Endowments whose total value of affiliated medium endowment assets ranges from 50 million Saudi riyals to less than 200 million Saudi riyals.

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Average: 1 (6 votes)

The suspension order clarifies the mechanism for the conduct of the endowment so that the endowment is not affected by the suspension penalty decision issued.

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Average: 3 (6 votes)

Endowments whose total value of endowment assets is less than 50 million Saudi riyals.

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Average: 1 (6 votes)

Article 25 provides for the trustee's right to object to the administrative court or the competent court of the Ministry of Justice, depending on the type of sentence. Accordingly, the mechanism for objecting to the penal decisions of the Authority concerning the penalty of suspension and removal from the trusteeship of the competence of the personal status courts in the matter. The course of objection to these penalties has specialized services in the personal status courts that guarantee the trustee's rights to object to the decision of the competent committee of this Authority. As regards objection to the penalty of warning and fine, the courts have the administration by the procedure for pleading with the administrative courts provided in the board of grievances.

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Average: 3 (4 votes)

Revenues generated from operating, investing and developing the endowed asset.

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Average: 3.3 (12 votes)

The decision on the penalty of dismissal includes the obligation of the trustee to disclose all official information of the trusteeship and bank accounts of the authenticity and any other documents.
 The isolated trustee shall also hand over all matters relating to the trusteeship of the new trustee and notify the authority in writing of what has been handed over. Article 27 of the Procedure for Isolation from Trusteeship, (No. 3), stipulates that an isolated trusteeship shall be bound by the following:

    a. Disclose to the Authority all the assets of the endowment, documents, data, and information related to the endowment.
    b.To hand over and notify the Authority of all endowments related to the substitute trustee.
    c. Substitute trustee Updates endowment Registration Certificate.

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Average: 3 (4 votes)

An exemption from the implementation of one or more provisions of the Regulations shall be requested by writing to the Commission, clarifying the reason and justification for the exemption and the provisions to be waived. The type and nature of the endowment (general or civil) (real estate, shares, or direct utilization) and its size (small, large, or medium) will be considered, and the reason for the exemption from the sentence and the implications of the application will be examined considering the interest of the endowment in all this.

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Average: 3.4 (5 votes)

Through the service of reporting endowment or trustee on the Authority's website.

 

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Average: 2.3 (6 votes)

To ascertain before entering into an agreement or contract with another party, or a particular act, that the work to be completed is in the interest of the suspension and achieves sustainability and development of the endowment. The entity to be agreed or contracted is licensed by the competent authorities in the Kingdom to carry out these workers, in addition to the lack of negative news about the lack of commitment to business or the achievement of negative performance in investment operations.

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Average: 3 (4 votes)

Work-related to endowments such as maintenance, operation, establishment, legal studies, judicial proceedings.... etc., with a legal entity owned by the trustee or a member of the board of trusteeship and their relatives up to the second degree whether contracted directly or indirectly through an intermediary between them, so that the legal entity benefits from the endowment.

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Average: 3 (6 votes)

The regulation was published in the newspaper Umm al-Qura No. 4920 on Friday 03 -07-1443 AH corresponding to 04-02-2022 AD. The provisions of these Regulations shall apply to them after the expiration of the period of "one year" from the date of their publication in the newspaper Umm al-Qura, and the provisions of the Regulations shall be effective on 03-07-1444 AH corresponding to 25-01-2023 A.D.

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