According to the Islamic
perspective on Waqf , in 1417 AH Sheikh Saleh ibn Abdulaziz Alrajhi
allocated some of his property for
endowment. The proceeds of the donated
property should be used in the identified twelve channels stated in the
Endowment instrument. Then a board of
managing the endowments of Saleh Abdulaziz Alrajhi was established in order to
achieve the following objectives:
1- To manage and maintain the real estates and
farms endowed by Sheikh Saleh Abdulaziz Alrajhi
2- To invest the part assigned for investment to
grow the endowment.
3-To maintain the existing endowments
4- To spend the revenues of those endowed assets in
the channels identified by the donor.