Awqaf reports over 500 million dinars in waqf assets

The Ministry of Awqaf and Religious Affairs announced that the value of its endowment real estate assets is estimated at approximately 500 million Jordanian dinars, of which only 9% are deemed eligible for investment, following the Endowment Funds Development Department's completion of an asset assessment according to international standards. It was clarified that most endowment land is not suitable for investment due to its nature or location. The value of the investment real estate assets transferred to the endowments since their establishment has amounted to around 105 million dinars, distributed across 76 projects, including commercial complexes, schools, hospitals, and hotels. Additionally, the ministry has launched six new electronic services to enhance endowment management, aiming to diversify investment tools and improve financial performance.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article