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Law of the General Authority for Awqaf · Article 19

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Law of the General Authority for Awqaf · Article 19

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 19

Citation linkLink to this edition

1.The Authority shall have an independent annual budget whose revenues consist of the following:

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a)a percentage determined by the Board that does not exceed 10% of the annual net income of awqaf under the trusteeship of the Authority;

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b)revenues received in return for the management of awqaf by the Authority, in accordance with the provisions of Article 14 of this Law;

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c)revenues from activities falling within its scope of business;

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d)annual government subsidy allocated to the Authority in the State’s budget;

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e)awqaf, grants, donations, bequests, and aid allocated to it.

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2.The Authority's funds shall be deposited in separate accounts with the Saudi Arabian Monetary Agency or any licensed Saudi bank and shall be used for expenditure on the Authority and its employees in accordance with the financial regulations approved by the Board.

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