Awqaf sets rules for endowment investments
The General Authority of Endowments has issued a new regulation for endowment investment products aimed at developing the regulatory framework for these products, enhancing their governance, and ensuring the sustainability of endowment assets. The regulation covers the organization of establishing and managing portfolios, funds, and endowment sukuk, with clear requirements for the endowment appendix, as well as registration and supervision mechanisms. It will take effect 90 days after its publication in Umm Al-Qura newspaper. Its purpose is to strengthen and grow endowment resources in a way that supports sustainable development and benefits society.
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