الشركات الوقفية في إطار مشروع نظام الشركات غير الربحية بالمملكة العربية السعودية

الملخص EN

In the aim to encourage organizations and individuals to participate in philanthropic activities, the Saudi Arabian Ministry of Commerce and Investment published a draft law on Non-Profit Companies (the draft "Non-Profit Companies Law").

It is expectedthat the introduction of non-profit companies will help reinforce the corporate social responsibility initiatives of private companies.

As Endowment company is a main part of the non-profit companies, our paper reviewed the draft and its potentials to foster the Endowment sector; we discussed some technical, economic and legal obstacles facing creation of Endowment (Awqaf) Companies.

Finally, the paper proposed some suggestions that would help in this area.

It is hoped that the legislative instrument, once issued in its final form, will help foster philanthropic activities and help the Kingdom's move to strengthen its third sector.