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Law of the General Authority for Awqaf · Article 16

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

Source scope
Shared sources
Source type
Law
Reference
م/11
Issuing body
مرسوم ملكي
Issued on
2015-12-08

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Transcribed text

Article 16

Citation linkLink to this edition

1.The Authority shall maintain separate accounts and budgets for awqaf under its trusteeship or management, independent from the Authority’s accounts and budget.

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2.The Authority shall maintain separate accounts for the awqaf of the Two Holy Mosques.

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3.Funds of awqaf under the trusteeship or management of the Authority shall be deposited in separate accounts with the Saudi Arabian Monetary Agency or any licensed Saudi bank.

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