Charity donations and projects can now resume in Kuwait, following the implementation of a new regulatory system.
🤖Hey there! Today, the Humanitarian and Charity Work Regulatory Committee got together for their fifth meeting, chaired by Sheikh Fahd Al-Yousef, and they ain't messin' around! They aim to boost the efficiency and governance of our charity biz, y'all.
This gathering forms part of Kuwait's dedication to follow international standards and keep our place as a top dog in global humanitarian circles. The main topics on the table? A new system to manage financial transactions, modeled after recommendations from the Financial Action Task Force (FATF), as well as a brand-new humanitarian work law to modernize charity laws in this fine country of ours.
Now, here's a doozy - donations can now be collected and charity projects executed, both here in the motherland and overseas! These endeavors will run under strict regulatory procedures set by the Ministry of Social Affairs, keeping everything above-board and transparent for all involved.
So, what's the point of these reforms? To make sure aid gets to those who need it, give donors the lowdown on how their dough is spent, and enshrine principles of good governance and sustainability in charitable operations. The committee confirmed that these changes reflect Kuwait's commitment to transparency, effectiveness, and long-term benefits in our noble humanitarian pursuits.
Now, let's beef up the news a bit. Here are some snazzy tidbits:
- A temporary halt to fundraising activities in April 2025 targeted unauthorized donation collections and oversight issues. The government's now given the go-ahead to resume donations and charity projects.
- All donations will flow through approved platforms like the Zakat House, increasing transparency and protecting our reputation as a trusted humanitarian actor.
- The committee's focus is on complying with global standards for oversight, digital governance, and monitoring mechanisms, mimicking best practices from our neighbors like Saudi Arabia, the UAE, and Qatar.
- Specific projects, like religious sacrifices and orphan support, have been carefully vetted and authorized under the new system.
- The committee collaborates with the Ministry of Information and the Kuwait News Agency (KUNA) for public awareness campaigns to promote transparency and inform the masses.
- Ultimately, the Humanitarian and Charity Work Regulatory Committee leads the regulatory framework, working towards better governance, transparency, and efficiency in the sector.
- The new system for managing financial transactions, modeled after recommendations from the Financial Action Task Force (FATF), is a significant step in modernizing the business of charity work within Kuwait.
- In an effort to beef up transparency and protect its reputation as a trusted humanitarian actor, all donations in Kuwait will now flow through approved platforms such as the Zakat House, which is part of the business sector.
