The Board of Trustees of the IIFA Waqf Fund held its fifth meeting on Thursday morning, 17 Rabi al-Awal 1444, corresponding to 13 October 2022, chaired by H.E. Sheikh Dr. Saleh bin Humaid, President of the Academy, in the presence of the Board members, Prof. Abdul Rahman Al-Atram, Chairman of Alinma Bank Sharia Board, Dr. Omar Zuhair Hafez, Professor of Economics at King Abdulaziz University, and Dr. Abdullah Muhammad Al-Muthla, as representative of the IsDB.

The President of the Academy opened the session by welcoming the participants and expressing his thanks and appreciation for their response and their support. The meeting then discussed the agenda items presented by the Secretary General of the Academy, including the approval of the minutes of the 4th previous meeting.

The meeting also discussed an executive plan such as the outline of the proposed mechanisms for the collection and acceptance of in-kind and cash donations for the Fund, as well as the Makkah apartment and how to benefit from it and its potential yield.

After approving the minutes of the previous meeting, the Board of Directors welcomed the proposed implementation plan and discussed other proposals made by some members.