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Instructions for Approval to Establish Waqf Investment Funds · Article 3: General Provisions

Unofficial translation; refer to the original text in case of differences.

Source scope
Shared sources
Source type
Law
Issuing body
الهيئة العامة للأوقاف

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Transcribed text

Article 3: General Provisions

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1.The fund is subject to these Instructions and any regulations issued by the Authority, as well as related regulations issued by the Capital Market Authority.

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2.The Authority may impose a fee on the Fund Manager at the Authority's discretion.

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3.Without prejudice to the requirements stated in the Regulation, merging endowed funds is not allowed without obtaining the Authority's approval.

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