Elmint List

Explanation

Introduction  

AL Wasatah Al Maliah (Wasatah Capital) announces an update of the terms and conditions of AlWaha REIT fund as of 23/03/1445 H corresponding to 08/10/2023 G

Effective date of the update to Fund’s Terms and Conditions

23/03/1445 H corresponding to 08/10/2023 G

Summary of the Main Updated Items

Whereas, the Zakat, Tax and Customs Authority has implemented the rules for collecting zakat from investors in investment funds (rules) issued pursuant to Ministerial Resolution No. (29791) dated 9 Jumada al-Awwal 1444 AH, and the executive regulations for collecting zakat issued pursuant to Ministerial Resolution No. (2216) dated 7 Rajab 1440 AH and in line with what was included in the rules, the fund was registered with the Zakat, Tax and Customs Authority.

The Updated Terms and Conditions

Additional Information

 The updated terms and conditions can be found in the attached file.