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Regulation Organizing Nazara (Beholding) Activities · Article 18: Conflict of Interests

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

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Law
Issuing body
الهيئة العامة للأوقاف

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Transcribed text

Article 18: Conflict of Interests

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Subject to the Endower’s conditions, the beholder shall, in performing his duties, comply with the requirements of honesty and integrity, give priority to the interests of the Waqf over any personal interest, and refrain from exploiting his position to achieve personal benefits at the expense of the Waqf. The beholder shall disclose to the Authority any situation involving a conflict of interest and is, in particular, prohibited from the following:

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1.Contracting for or executing Waqf-related activities with himself or with any of his relatives up to the second degree, whether directly or indirectly.

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2.Using any information or data relating to the Waqf, its activities, or operations to achieve personal benefits.

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