Establishing & Managing Endowments (Awqaf)

Registering endowments and transferring their administration, endowment investment funds and portfolios, and registering trustees — in partnership with the General Authority of Awqaf.

Establishing and Managing Endowments: A Vital Role in Serving the Community

Endowments (awqaf) are among the most effective mechanisms for achieving social justice and supporting those in need. Endowment services cover several important aspects, including registering the waqf, transferring the administration of the waqf account, forming endowment investment funds, managing portfolios and registering trustees (nazirs), among other services that enable endowments to achieve their charitable and social objectives.

Waqf Registration

Registering the waqf is a fundamental step in establishing it: the property or funds dedicated to the waqf are identified and formally registered to ensure they are preserved and used appropriately in line with the waqf’s objectives.

Transfer of Waqf Account Administration

The administration of a waqf account may be transferred from one person to another by agreement or on the direction of the competent authorities. This requires the appropriate legal procedures to ensure the waqf continues to be managed efficiently.

Endowment Investment Funds

Endowment investment funds are an effective means of investing waqf assets in an innovative and productive way, generating financial returns that support charitable and development projects in the community.

Managing Endowment Investment Portfolios

Managing endowment investment portfolios requires expertise and professionalism to maximise the benefit of the funds dedicated to the waqf while preserving them safely and sustainably.

Registration of Trustees

Registering trustees (nazirs) ensures that endowments are organised and managed effectively: the trustee is appointed to oversee the implementation of the waqf’s objectives and the transparent, productive use of its funds.

Partnership with the General Authority of Awqaf

Abdulaziz Algasim Law Firm is proud of its partnership with the General Authority of Awqaf in Saudi Arabia, to which it has provided numerous pioneering and innovative legal consultations in support of endowments and the efficient, transparent achievement of their objectives. We are committed to providing comprehensive legal support to endowments to maximise their benefit to the community and to sustainable development.