General Rules & Regulations

� Bank accounts shall be maintained in the name of the trust in one or more schedule banks.
� The accounts of the trust shall be subjected to annual audit by a firm of Chartered Accountant, to be appointed annually.
� The books of the trust will be closed each year on the last day of June.
� For the consideration and review of the trust's activities there shall be one general meeting of the board of trustee each year,
� The first trustee / chairman will preside meetings of the trust
� The members shall not get any salary or profit out of the funds, income and assets of the Trust, but the trustee or member may take salary or profit from the commercial project, institutions established, either solely by the trust or being one of the partner, if, the trustee would render his services, skills, and capital to the affairs of such project,
� The central organization will develop an efficient organizational structure of resources and skills for excellent working / monitoring of services based on objective evaluation criteria, impartial reward scheme, and reasonable adjustments measures.

 

 

© Al-Kitab Trust 2004
Developed by: SMCSE