Charitable endowments

"Our company's most prominent specialized legal services in the endowments sector"

There are many legal and Sharia services provided by the company through a specialized team of experts and legal and Sharia advisors in the endowment sector. We also aim to solve the most prominent problems facing the endowments and innovate solutions for them that contribute to the sustainability of the endowment in a way that benefits the endowment and its banks. The most prominent of these services are as follows:
1- Endowment and will documents: Preparing, reviewing, and amending endowment and will documents from a regulatory standpoint, and ensuring their agreement with the relevant regulations and circulars in this regard, in a way that contributes to the work of the endowment in an orderly manner for all endowment officials and beneficiaries.

2- Endowment disputes:
A - In terms of subject matter: lawsuits to invalidate the endowment - lawsuits to prove the endowment - lawsuits of entitlement to the endowment - lawsuits to remove overseers - lawsuits to hold the overseers accountable - lawsuits to determine the endowment banks - disputes of commercial entities owned by the endowment, such as endowment companies - lawsuits in which the endowment is a party.

B - In terms of the parties: disputes between overseers in the event that they are multiple - disputes between the endowment and the supervisor in the event of negligence, negligence, or a difference in establishing guardianship - disputes between the recipients of the endowment and the supervisor in the event of failure to disburse the yield or excluding some of them from entitlement - disputes between the endowment and other natural persons or Legal entities - disputes between entities owned by the endowment and third parties in the event that the endowment owns an investment entity.

3- Regulatory procedures: Preparing the basic system of the endowment - Preparing the organizational guide for the endowment. - Preparing and reviewing contracts - Preparing a matrix of powers - Studying the relationship between endowment entities - Examining commitment in the endowment entity.

4- Preparing regulations and regulatory policies, including: financial regulation regulations - endowment or endowment company governance regulations - Board of Supervisors regulations - internal work regulations - charitable and nuclear grant regulations - endowment investment regulations and policies.

5- Building and establishing entities:
A- Diagnosing the client’s situation and studying the best available options and legal forms that meet the endowment’s regulatory needs; To build the endowment entity on solid foundations, we help nominate endowment supervisors.
B - Building and establishing a system for endowment institutions and companies, civil institutions and associations, family funds and endowment investment funds.

6- Regular follow-up services for transactions: It includes following up on everything related to final services in the endowment court departments and reviews of government departments such as the Ministry of Labor and Trade and the General Authority for Endowments.

7- Quality specialized consultations: We meet the needs of our clients with annual consulting contracts or specialized legal or Sharia consultations in the field of endowments, their management, investment and governance with an elite group of companies specialized in the relevant fields in order to achieve the interests of the endowment in the long term.

8- Preparing specialized studies and research: through a group of specialists in the field of endowments, including specialized lawyers, former judges, distinguished sheikhs, experienced and competent overseers, and endowment owners with experience in the field of endowments.

9- Endowment Governance:
- Governance of the endowment’s executive management
- Enacting regulations, internal regulations and statutory provisions that contribute to structuring its internal work to clarify legal positions and obligations.
- Paying attention to the wording of endowment deeds and clarifying the conditions for the endowments
- Qualifying supervisors from a legal and legal perspective, training and supervising them
- Document all actions related to the endowment in a systematic manner.