Regulation Organizing the Management of Awqaf in Universities · Article 22

1.The university waqf is mandated to maintain an accounting system that aligns with the university’s applicable systems and statutes, in addition to the financial and accounting policies and procedures sanctioned for the university waqf. This system is required to encompass all aspects of internal audit and aid in generating the requisite reports for the management of the university waqf and relevant authorities.

2.Each waqf shall have a financial record and subsidiary records to document the expenses, revenues, and balances of the university awqaf.