Comparison o the system of the General Authority of Endowments in the Kingdom of Saudi Arabia

Abstract

Research topic: The private endowment in Hanbali jurisprudence, “its reality, legitimacy, and purposes” comparison to the system of the General Authority for Endowments in the Kingdom of Saudi Arabia.

The aim of the research: to explain the reality of private endowments, the evidence of its legitimacy, and its objectives according to what is stated in the books of Hanbali jurisprudence, and to compare that with the system of the General Authority for Endowments.

Research method: inductive, analytical, comparative method.

Most important results:

1- The endowment, which is: the confinement of the asset and the granting of the benefit, is divided according to the type of endowment into: a general endowment, private  endowment, and a joint endowment, which is what is included in the system of the General Authority for Endowments.

2- The private endowment is: that the donor allocates the revenue  of the endowment to a specific person, whether to his children or to others, and is close to what is stated in the system of the General Authority for Endowments: “A conditional endowment to be given to a specific person, including offspring and relatives, by person or by description.”

3- The legality of a private endowment if it is on a legitimate authority, and that it is desirable, and thus follows the system of the General Authority for Endowments.

4- The multiple purposes and virtues of private endowments, as stated in the books of Hanbali jurisprudence and the system of the General Authority for Endowments, including: getting closer to God Almighty, maintaining ties of kinship, achieving mutual love, compassion, and sympathy between the donor and those to whom it is made an endowment, and preserving money from being squandered by the heirs.

5- The agreement between what is stated in the books of Hanbali jurisprudence and what is stated in the system of the General Authority for Endowments, whether in defining the private endowment, its legitimacy, or explaining its purposes and virtues, and this is indicated by what is stated in the comprehensive guideline for all types of endowments, citing the sayings of Hanbali jurists.

Most important recommendations:

1- Paying attention to the jurisprudential rooting of what is stated in the regulations, to demonstrate their originality and authenticity.

2- Spreading awareness of the legitimacy of private endowments and its purposes among members of society through modern means.