In accordance with the resolution issued by the Ministerial Council of Foreign Ministers of Islamic Countries to establish an endowment fund for the International Islamic Fiqh Academy (IIFA) to help manage its budget, and to strengthen cooperation with leading Islamic institutions involved in charitable work and financial resource development, H.E. Prof. Koutoub Moustapha Sano, Secretary General of IIFA, and H.E. Mr. Fahad bin Mohammed Al-Hazaa, lawyer, Director General of Tasbil Company for Development of Community Endowments, signed a cooperation agreement on 4 Rajab 1445, corresponding to January 16, 2024.

This agreement outlines the establishment of an institutional framework for IIFA’s Waqf Fund, with both parties committing to hold direct and indirect meetings to implement projects related to endowment development and financial resources. These projects will involve preparing the necessary scientific and administrative executive documentation.
The Secretary General expressed the Academy’s intent to maximize the expertise of specialized charitable institutions in the field, emphasizing the goal of collecting donations and funds to support the Academy’s Waqf Fund. This fund aims to serve as a stable resource to fund the Academy’s strategic plan activities, in addition to annual contributions from OIC member states.

The signing ceremony was attended by Dr. Rashid bin Mohammed Al-Hazaa, Counselor, and Mr. Abdullah Hamed Al-Omari, Legal Advisor at Tasbil. On the side of IIFA, it was attended by Mr. Mohamed Monder Chouk, Director of Cabinet, Mr. Moez Al-Riahi, Director of Finance, Investment and Projects, Mrs. Sarah Bint Amjad Bedewi, Director of Family, Women and Childhood, and Mr. Khaled Al-Ahmadi, Head of the Administrative Affairs, Mr. Nofal Al-Shteiwi, Internal Auditor, and Mr. Amjad Ibrahim Al-Mansi, Head of the Protocols.