Universities Law · Article 48
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A university may, under the supervision of the waqf management board, establish its own awqaf. Such awqaf shall have an independent legal personality and shall be managed in accordance with the rules approved by the Council of University Affairs in a manner not contradicting the endowers’ terms. The
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Article 48
A university may, under the supervision of the waqf management board, establish its own awqaf. Such awqaf shall have an independent legal personality and shall be managed in accordance with the rules approved by the Council of University Affairs in a manner not contradicting the endowers’ terms. The university and university awqaf may establish or participate in the establishment of companies, or become a partner or shareholder therein, in accordance with legal procedures.