Riyadh Forum discusses developing the endowment sector in the Kingdom
During the Fourth Forum of Endowments, which was inaugurated by His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh, and organized by the Riyadh Chamber represented by the Endowments Committee, specialists discussed many topics that dealt with the reality and development of the endowment sector at all levels.
During the first workshop, the General Supervisor of Developmental Housing at the Ministry of Housing, Abdullah Al-Nimri, spoke about the developmental housing program, reviewing the role of endowments in economic development, explaining that the Development Housing Fund was established to facilitate the utilization of endowments in developmental housing programs with the participation of the Endowment Committee in the Riyadh Chamber, the Islamic Bank and the Ministry of Housing.
While the appeals judge in the northern border region, Sheikh Suleiman bin Ali Aba Al-Khail, spoke about endowment of homes as one of the contemporary practices in the nuclear endowment, reviewing the types of endowment
"Images of the atomic endowment", and the differences between the will and the endowment are applications to homes in the endowment or the will. The former Secretary of King Saud University Endowments, Dr. Abdul Hamid bin Abdulrahman Al-Abd Al-Jabbar, presented a paper dealing with organizational frameworks, governance and employment relations, including the statutory foundations for educational endowment programs and university endowments, and governance of endowment programs under the new system of universities.
A member of the faculty at the Faculty of Economics and Administrative Sciences at Imam Muhammad bin Saud Islamic University, Dr. Muhammad bin Ibrahim Al-Suhaibani, presented a working paper in which he reviewed the endowment economics report issued by the Endowment Committee of the Chamber of Commerce and Industry in the Eastern Province. The second working paper reviewed global models and experiences in health endowments presented by the Consultant Family Medicine at the Faculty of Medicine at Imam Muhammad bin Saud Islamic University, Dr. Khaled bin Ibrahim Al-Qumizi.
In the third session moderated by a member of the Council of Senior Scholars Sheikh Dr. Saleh bin Hamid, it dealt with the axis of contemporary endowments, during which three working papers were presented by a member of the faculty at Imam Muhammad bin Saud Islamic University, Dr. Yusuf bin Abdullah Al-Shubaili, with a working paper entitled “Money endowment”. To differentiate between in-kind and non-real investment endowments, and from contemporary natives to non-in-kind investment endowments, which enable the beholder to invest the endowment funds in commercial ways that achieve the interest of the endowment.
