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Law of the General Authority for Awqaf · Article 18

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Law of the General Authority for Awqaf · Article 18

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 18

Citation linkLink to this edition

1.The Authority shall establish a financial accounting system for awqaf under its trusteeship or management that is compatible with their nature and that ensures the protection of their funds and investments, as provided for in this Law.

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2.The Authority shall establish a model financial accounting system for awqaf not under its trusteeship or management, to help trustees protect waqf funds and investments.

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3.The Authority’s financial regulations shall govern all financial matters, including the following:

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a)accounts;

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b)revenues and expenditures;

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c)collection of revenues of awqaf under the Authority’s trusteeship or management and expenditure thereof on designated purposes in accordance with endowers’ conditions;

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d)budget and final accounts.

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