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Regulation on the Establishment of Waqf Investment Portfolios · Article 7: Management Agreement

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Without prejudice to the requirements set by the CMA Law and its executive regulations, the Management Agreement governing the Private Waqf Investment Portfolio must define at a minimum:

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

Law · Approved version 2 · Knowledge version effective from 2026-10-19

Source scope
Shared sources
Source type
Law
Issuing body
الهيئة العامة للأوقاف
Edition
2

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Transcribed text

Article 7: Management Agreement

Citation linkLink to this edition

Without prejudice to the requirements set by the CMA Law and its executive regulations, the Management Agreement governing the Private Waqf Investment Portfolio must define at a minimum:

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1.Investment strategy, policies, and nature of the investments and assets invested in.

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2.The level of risks to which the Private Waqf Investment Portfolio is exposed, considering the waqf nature, spending, and interests.

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3.Mechanisms for returns distribution and reinvestment.

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4.Applicable fees.

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5.The applicant must submit the final version of the Management Agreement to the Authority after the portfolio is opened.

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In all cases, the Management Agreement must not include any provisions that violate the relevant instructions or laws and regulations.

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