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Regulation Organizing Nazara (Beholding) Activities · Article 16: Investment of the Waqf

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

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Shared sources
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Law
Issuing body
الهيئة العامة للأوقاف

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Transcribed text

Article 16: Investment of the Waqf

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Without prejudice to the relevant laws and the Endower’s conditions, the beholder shall comply with the following:

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1.Ensure that all investments are compliant with the provisions of Islamic Sharia.

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2.Comply with applicable laws, regulation, and instructions in force in the Kingdom.

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3.Ensure that investments fall within an acceptable risk threshold, that returns are proportionate to the risks assumed, and that the Waqf is not exposed to excessive risk.

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4.Develop and maintain the endowed real estate asset for the purpose of increasing Waqf proceeds.

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5.Exercise due care in all investment operations to ensure the sustainability and growth of the Waqf in accordance with the Endower’s conditions.

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