| (1) | Electronic wallets are opened for committees, endowments (Waqf), and clubs as follows:
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| | (a) | Public Benefit Committees:
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| | | (1) | A copy of the committee's license issued by the official authority according to its jurisdiction, such as the Ministry of Education, the regional Emirate, or others, when opening electronic wallets.
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| | | (2) | Copies of the IDs of the council or trustees' members and the committee's bylaws.
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| | | (3) | Approval from the Compliance Department Manager to open the electronic wallet.
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| | | (4) | A joint signature by the committee's chairman or secretary and the financial officer for opening the electronic wallet.
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| | | (5) | It is permissible to open an electronic wallet if the wallets are intended for public benefit activities, whether annual or seasonal, such as festivals, celebrations, or similar events, funded from sources outside the state budget, after obtaining the following:
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| | | | (a) | An official request from the official authority organizing the activity to open and manage the electronic wallet.
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| | | | (b) | A joint signature from the individual authorized to manage the activity and the financial officer, along with copies of their IDs.
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| | | | (c) | Copies of the IDs of the activity committee members.
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| | | | (d) | Specify a defined duration for using the electronic wallet, after which it must be closed once the purpose for which it was opened is fulfilled.
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| | | | (e) | Approval from the Compliance Department Manager to open the electronic wallet.
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| | | (6) | This type of electronic wallet is not permitted to transfer funds outside the Kingdom.
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| | (b) | Endowments (Awqaf):
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| | | (a) | Endowments overseen by the General Authority for Awqaf:
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| | | | (1) | A letter from the General Authority for Awqaf requesting the opening of the electronic wallet under the name "Revenues and Expenses," specifying the individuals authorized to manage the electronic wallet, with dual authorization powers, along with a statement of their financial powers or their delegation to others.
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| | | | (2) | Copies of the IDs of the individuals authorized to operate the electronic wallet.
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| | | (b) | Endowments not overseen by the General Authority for Awqaf:
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| | | | (1) | A copy of the valid endowment registration certificate issued by the General Authority for Awqaf, including at a minimum, Name of the endowment, Endowment deed number and date, Names of the trustees and their ID numbers.
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| | | | (2) | A copy of the legal deed of the endowment.
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| | | | (3) | A letter from the authorized person, as per the endowment deed, specifying the individuals authorized to operate the electronic wallet.
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| | | | (4) | Copies of the IDs of the individuals authorized to operate the electronic wallet.
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| | | | (5) | Copies of the IDs of the trustees listed in the endowment registration certificate.
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| | | | (6) | Transfers from the endowment's electronic wallets to outside the Kingdom are not permitted, except for purposes related to managing the endowment's activities, such as consulting service payments, participation in external seminars and conferences, or similar purposes, provided that official approval is obtained from the General Authority for Awqaf.
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| | (c) | Clubs:
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| | | (a) | Electronic wallets for clubs licensed by the Ministry of Sports are opened upon submission of the following documents:
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| | | | (1) | Approval from the Ministry of Finance to open the electronic wallet.
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| | | | (2) | A copy of the license issued by the Ministry of Sports.
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| | | | (3) | A copy of the board formation resolution.
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| | | | (4) | Authorization from the board of directors for the individuals authorized (joint signature) to open and manage the electronic wallet.
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| | | | (5) | Copies of the IDs of the authorized individuals and the board members.
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| | | (b) | Electronic wallets for cultural and literary clubs under the supervision of the Ministry of Culture are opened upon submission of the following documents:
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| | | | (1) | Approval from the Ministry of Finance to open the electronic wallet.
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| | | | (2) | A copy of the license issued by the Ministry of Culture.
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| | | | (3) | A copy of the board formation resolution.
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| | | | (4) | Authorization from the board of directors for the individuals authorized (joint signature) to open and manage the electronic wallet.
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| | | | (5) | Copies of the IDs of the authorized individuals and the board members.
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