Egyptian Endowments Law Requires Annual Revenue and Expenditure Accounts

Egypt’s law reorganising the Egyptian Endowments Authority requires the preparation of annual accounts covering the authority’s revenues and expenditures.

The requirement forms part of the law’s framework for regulating the income and spending of endowments, known as waqf.

The legislation sets clear rules for managing these funds, with the aim of strengthening oversight of endowment money and its accounts.

Annual accounting is a central element of that framework, bringing the authority’s revenue and expenditure records under the law’s financial oversight requirements.