The Shura Council held its regular weekly meeting, via video conference on Monday, under the chairmanship of HE the Speaker Ahmed bin Abdullah bin Zaid Al Mahmoud, at the Council’s headquarters.
During its session, the Council discussed the report of the Legal and Legislative Affairs Committee on a draft law on endowment (Waqf) that includes 9 chapters and 58 articles and involves provisions related to the establishment of the endowment, its distributions and conditions, the civil endowment, and the supervision of the endowment, its maintenance, architecture and investment.
The draft law comes to replace Law No. (8) of 1996 regarding endowment, in the framework of updating legislations to keep pace with developments in this regard.
After an extensive discussion on the committee’s report, the Council decided to approve the aforementioned draft law and to refer its recommendations thereon to the esteemed government.