Skip to content
THAT Law Firm - We carry the burden for you
QIWAM connection: no recent measurement

Law of the General Authority for Awqaf · Article 15

About this source

Subject to the endower's conditions and without prejudice to beneficiaries of the waqf, the Authority may:

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
م/11
Issuing body
مرسوم ملكي
Issued on
2015-12-08
Edition
1

This link identifies the text in the selected edition.

Transcribed text

Article 15

Citation linkLink to this edition

Subject to the endower's conditions and without prejudice to beneficiaries of the waqf, the Authority may:

§

1.invest the assets of awqaf under its trusteeship and the surpluses of their revenues upon conducting the necessary feasibility studies;

§

2.invest a percentage not exceeding 25% of the annual net income of the waqf under its trusteeship for the benefit of the waqf; and

§

3.deduct a percentage not exceeding 20% of the surpluses of the annual revenues of awqaf under its trusteeship for the development of other awqaf under its trusteeship, provided that such amount is returned to the waqf within a maximum period of five years from the date of deduction.

§