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Regulation Organizing the Management of Awqaf in Universities · Article 23

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One or more accounts shall be opened for the university waqf with the Saudi Central Bank (SAMA), or one of the banks or financial institutions licensed to operate in the Kingdom. Its revenues shall be deposited therein, and disbursements shall be made from it in accordance with the provisions of thi

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

Law · Approved version 1 · Knowledge version effective from 2026-10-19

Source scope
Shared sources
Source type
Law
Reference
45/16/5
Issuing body
مجلس شؤون الجامعات
Issued on
2023-08-30
Edition
1

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Transcribed text

Article 23

Citation linkLink to this edition

One or more accounts shall be opened for the university waqf with the Saudi Central Bank (SAMA), or one of the banks or financial institutions licensed to operate in the Kingdom. Its revenues shall be deposited therein, and disbursements shall be made from it in accordance with the provisions of this statute, taking into account the authorized powers matrix approved by the University Waqf Council.

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