Board of Directors
The management of the fund is entrusted to a Board of Directors, presided over by the Chief Justice, and composed of the following members:
The Director of Sharia Courts is the Vice President.
A representative from the Ministry of Social Development appointed by its Minister.
A representative from the Ministry of Finance appointed by its Minister.
The Fund Director.
Two individuals known for their competence, integrity, and honesty, appointed by the Council of Ministers based on the recommendation of the Chief Justice for four years, with their remuneration determined.
The Responsibilities of the Board of Directors of the Fund
The Board of Directors assumes the following responsibilities and authorities:
1
Approval of the fund's general policy.
2
Investment of the fund's assets following the principles of Islamic Sharia.
3
Adoption of the final financial accounts and the annual budget.
4
Establishment of the organizational structure of the fund.
5
Issuance of instructions related to the fund's activities and operations.
The Responsibilities of the Fund Director
The Fund Director is responsible for the following tasks and authorities:
Execution of the programs and plans set by the Board for the fund's activities
Monitoring the implementation of decisions made by the Board.
Defining the tasks and responsibilities of fund employees.
Implementation of programs related to securing financial resources for the fund.
Representing the fund to external entities.
Preparation of the annual budget for the fund and its presentation to the Board.
Preparation of the annual report on the fund's activities and financial statements, and its presentation to the Board.
Preparation and organization of meetings of the Board of Directors and regular meetings.
Documenting and archiving the minutes of the meetings and decisions of the Board.
Contribution to the preparation of seminars and conferences organized by the fund.
Any other matters related to the fund's operations assigned by the Board or its Chairman.