Common questions

The non-profit entity or more licensed within the Kingdom.

The percentage of profits distributed to beneficiaries shall not be less than (50%) per year of the Fund's net distributable revenue if any.
They are disbursed by the beneficiaries on the endowment banks specified in the Fund's terms and conditions.

Through the banks that the fund deals with according to the following:

1. Through the banks that the fund deals with according to the following
   • Opening an investment account and approving the investment account opening agreement
   • Sign up for the Fund and accept the Terms and Conditions Document
   Through the Waqfy platform "Quick Contribution" without the need to register or agree to the terms and conditions of the Fund by the following steps: 
   • Selection of the Endowment Investment Fund.
   • Select Amount.
   • Payment by Electronic Payment Methods 
2. Through direct transfer from the current account to subscribe to the current account of the Fund.

The Fund's assets shall be liquidated by the terms and conditions of the Fund and if this is not possible for the Authority. Transfer it to another beneficiary entity, without prejudice to the condition of the endower.

Directives for Approval of the Establishment of endowment Investment Funds and Investment Funds Regulations issued by the Capital Market Authority.

The endower is not required to be Saudi, whether the person is natural or legal.

All units of the Fund are endowments, and their value may not be recovered.

All returns are paid to beneficiaries’ entities by the exchange areas specified in the Fund's Terms and Conditions.

Currently, all endowment investment funds are public funds with no specific duration.

Investment and expenditure of endowment funds on various charity aspects to make the Sunnah of endowment and diversification of investment.

There are no fees.

An investment fund with all its endowment units, where funds are invested and disbursed to beneficiaries of the fund.

Yes, the Fund manager issues the quarterly statement, preliminary financial statements, and annual reports of the Fund.

After the approval of the General Authority of Awqaf for the establishment of the endowment Investment Fund, apply for the Fund's license in the Capital Market Authority.

Market institutions licensed by the Capital Market Authority.

The application is submitted through the website of the General Authority of Awqaf by the fund manager appointed by the beneficiary. Approval of the fund or rejection is issued with a statement of the reasons for the rejection.

You can also see the User Manual for applying for approval of the establishment of an investment fund “here”

1. Memorandum of understanding between the Fund Manager and the beneficiary entities.
2. Draft Terms and Conditions of the Fund.