3 expat women who practiced prostitution in a hotel arrested in Riyadh    Tunisian president and Saudi interior minister discuss security cooperation    Saudi, US defense ministers discuss over phone ways to enhance strategic cooperation    Grand Mufti expresses pride over Saudi Arabia's firm position on Palestine issue    Saudi Arabia's inflation records slight rise reaching 2% in January 2025    Electromin celebrates victory of "Nissan Formula E Team" in "Jeddah E-Prix" as first Saudi private-sector global partner in Formula E    Saudi Arabia vows full support to Lebanon's actions to safeguard citizens' security    US-made heavy bombs arrive in Israel after Biden-era hold    Death toll from New Delhi railway station stampede rises to 18    US, Russia to begin Ukraine peace talks in Saudi Arabia    Al Ittihad CEO calls for fairness as Al Hilal raises officiating concerns ahead of Saudi Classico    LG Electronics Saudi Arabia and Shaker Group mark 30 years of sustainable innovation in HVAC solutions    Benzema shines with goal and two assists as Al Ittihad dominate Al Wehda French star leads Al Ittihad to 4-1 victory, extending lead over Al Hilal ahead of top-of-the-table clash    Saudi Arabia among world's top 10 energy storage markets    Al Hilal held to controversial 1-1 draw against Al Riyadh, missing chance to reclaim top spot    Al Hilal accuses SPL's Michael Emenalo of bias and SFF's Manuel Navarro of pressuring team to accept local referees Club criticizes officiating, calls for elite foreign referees in Saudi Pro League    Maya Diab joins Arab stars and celebrities in celebrating the Centrepoint Ramadan 2025 collection launch at Riyadh Boulevard    Oilatum tackles rise in Eczema and Dry Skin in Saudi Arabia    HONOR brings together AI and luxury with PORSCHE DESIGN HONOR Magic7 RSR at LEAP 2025    Chinese film stirs national pride, rakes in $1bn in days    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Autonomous body to monitor endowments set for launch soon
Published in The Saudi Gazette on 01 - 03 - 2016


Okaz/Saudi Gazette
MAKKAH — Preparations are currently underway for the establishment of an independent authority for awkaf (endowments) which will no longer be part of the Ministry of Islamic Affairs, Endowments, Call and Guidance, informed sources said on Monday.
They said a number of the ministry's staff are now being transferred from the ministry to the new authority which may be set up in the next lunar month.
The sources said the ministry's employees are competing to be transferred to the new authority because of the expected increase in their salaries in addition to the fringe benefits which, among others, will include housing allowance and medical insurance.
Minister, Sheikh Saleh Al-Asheikh said the authority would be an independent body and would be headed by a governor at the rank of a minister.
The establishment of the authority was decided by the Council of Ministers in August.
Al-Asheikh said the ministry's role in the authority would only be limited to the executive Shariah aspects without any intervention in the management of its funds and finances.
Al-Ashaikh said there are about 120,000 wakf buildings in the Kingdom of which a large number had no deeds but the ministry was able to provide them with official documents after hard work which took many years.
He said the ministry also established 12 wakf funds to finance a number of religious and development activities.
The minister said the Kingdom has the largest number of endowments worldwide with the majority of them in Makkah but said the number of the wakf buildings around the Grand Mosque were reduced due to the expansion projects.
On the other hand, economists value the endowment assets in the Kingdom to be more than SR10 billion. They said, in addition to Makkah, there are a number of wakf buildings in Madinah, Riyadh and Taif.
Mansour Abu Rayyash, a real estate expert, said the endowments recently supplied the ministry's treasury with more than SR7 billion.


Clic here to read the story from its source.