Minister of Religious Affairs directs the acceleration of the procedures for compensation of Sudanese endowments in the city of Medina

Grandmother – OnePress

The Sudanese Minister of Religious Affairs and Endowments, Bashir Haroun Abdul Karim, has directed to speed up the procedures related to receiving financial compensation for the Sudanese endowments that were removed in Medina, with the emphasis on directing those amounts towards real estate investment assets.

This came during a meeting held by the minister in Jeddah with officials in charge of the Awqaf file, where he listened to an enlightenment about the progress of the Sudanese Awqaf work in Saudi Arabia, including the registration processes and the completion of the instruments of Awqaf in Jeddah.

The minister stressed the importance of inventorying and developing endowment assets and preserving them as strategic assets, stressing the need to enhance their investment returns in line with the policies in place and serve the purposes of the endowment.

The meeting also stressed the importance of applying the principles of governance in the management of Sudanese endowments abroad, and working to rent endowment properties according to market prices, in order to ensure the efficiency of management and the sustainability of endowment assets and development.