Manama, October 9 (BNA) The Minister of Justice, Islamic Affairs and Endowments, Nawaf bin Muhammad Al-Ma’awda, received members of the Guardianship Council for the funds of minors and the like.
The council includes Ibrahim Hassan Al-Hawaj, Reda Abdullah Faraj, Jassem Ahmed Al-Mahzaa, Abdul-Jalil Ali Ahmed Al-Hayki, Manaf Youssef Hamza, Muhammad Al-Sheikh Ahmed Al-Asfour, Naji Sabt Salem Sabt and Ali Hassan Nasser Al-Asfour. Khazali.
The Minister expressed his thanks and appreciation to the members of the Council for their tireless efforts to accomplish their tasks, and to achieve many development initiatives, to achieve the ultimate goal of preserving the interests of minors and taking care of them, developing their money, and diversifying the investment basket. To serve the Bahraini minors and the like.
He praised the historical role of the Guardianship Council over the funds of minors and those in their jurisdiction, which is one of the oldest councils formed in the Kingdom since 1938, and one of the features of the modern state, noting that it enjoys unshakable stability. The patronage of His Majesty King Hamad bin Isa Al Khalifa, and the continuous follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, given the importance of the palace in society.
The committee reviewed the results of its work during the last period, including its keenness to develop the services provided by the Department of Minors Affairs and Funds, and to facilitate procedures to keep pace with the increasing number of cases entrusted to it. The total number of cases considered by the Directorate during the current session (2020-2022) in 2019, compared to 1047 cases during the previous session 2018-2020, an increase of 93%.
The reports also showed that the council sought to strengthen its partnership with the private sector to benefit from its capabilities and expertise, which would contribute to encouraging diversified investments, raising the value of capital in the long term and increasing income. By distributing profits to the accounts of minors supervised by the Council.
In this regard, the meeting learned that the audited financial reports during the current session showed positive results, as the Board issued a decision distributing 4.41% profits to the accounts of minor heirs and their like for the year 2021, an increase compared to 2020. The profits amounted to 4%.
The Department of Minors Affairs and Funds handed over 24 million Bahraini dinars to more than 5,000 adults who updated their details and submitted the required documents.
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