Takaful Charity Foundation

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Takaful Charity Foundation is a registered charity in Saudi Arabia[1] that specializes in supporting disadvantaged students.[2] By doing so, the organization helps students to pursue their studies in Saudi public schools.[clarification needed] Takaful was established in 2010 by a royal decree, and is annually funded with over 500 million Saudi Riyals (approximately US$130M, as of 2019).[3] Moreover, the organization is open to receive donations from the public.[3] The Secretary-General of Takaful is Mohammed Al-Aqeeli.[1] To date,[when?] Takaful has provided assistance to 180,000 students in 20,000 schools across Saudi Arabia.[2]

Takaful Electronic System[edit]

Takaful electronic system is a digital system allocated to nominate and register needy students. The system is also responsible for arranging the assistance allocation and transferring them to the student's bank accounts.[1]

See also[edit]

  • Takaful

References[edit]

  1. 1.0 1.1 1.2 "Takaful identifies 370,000 students for subsidies". Arab News. 2015-06-01. Retrieved 2019-05-09.
  2. 2.0 2.1 "مؤسسة تكافل || Takaful Charity Foundation". www.takaful.org.sa. Retrieved 2019-05-09.
  3. 3.0 3.1 "Takaful Foundation to aid needy students". Arab News. 2011-11-12. Retrieved 2019-05-09.


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