H.E. Sheikh Dr. Saleh bin Abdullah bin Humaid, President of the Academy and Vice President of the IIFA Waqf Fund, chaired the 3rd meeting of its Board of Trustees on Wednesday, 30 Sha’aban 1444, corresponding to 22 March 2023, via videoconference.
His Excellency opened the meeting by welcoming the distinguished members of the Board of Trustees, congratulating them on the arrival of the blessed month of Ramadan and asking Allah the Almighty to help them fast and pray during this month.
His Excellency spoke about the Statute of the IIFA Waqf Fund, in which he entrusted the Board of Trustees with developing its general policies and approving its regular procedures. He also entrusted the Board of Trustees with seeking ways to assist the Waqf Fund in obtaining donations in kind and in cash and to present them to the Board of Trustees for approval. His Excellency referred to the proposals made by the Waqf Supervisory Board at previous meetings, in particular the outline of the executive plan, which includes a clear scheme for the collection and approval methods from countries, organizations and individuals, stressing that such procedures require a financial cost to be presented to the Academy in order to implement this plan.
H.E. Prof. Koutoub Moustapha Sano, Secretary General of the Academy and Secretary of the Board of Trustees, spoke about the difficulties faced by the Waqf Fund with regard to the regulatory and legal procedures for accepting donations in the host country, and informed the participants that the Secretariat General is still in communication with the relevant authorities in order to obtain permission to accept donations from individuals and organizations.
His Excellency then presented the Board with temporary proposals to resolve some of the issues discussed. After deliberations and discussions, the meeting took some important decisions, notably:
- The unanimous approval by the participants of the proposals presented by the Board Secretary.
- To consult with the OIC Secretary General to propose members for the Supervisory Board for a period of three years.
The meeting was attended by H.E. Dr. Sheikh Abdullah Al-Mutlaq, H.E. Dr. Ahmed Al-Haddad, H.E. Dr. Youssef Abdullah Al-Shubayli, H.E. Dr. Abdullah Mabrouk Al-Najjar and H.E. Dr. Abdullah Muhammad, representative of the Islamic Development Bank.
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