Charity Account definition
Examples of Charity Account in a sentence
CAF agrees to hold such Assets and to apply them solely for Charitable Purposes and to provide such information to the Donor about the Charity Account as is provided for in this Agreement.
The said amount shall be dispensed into Charity Account and distributed under the supervision of the Internal Shariah Supervision Committee of the First party after deducting all the actual collection expenses and taxes, which the first party has incurred because of the late payment.
Additional Signatory Form means the form made available by CAF from time to time in which the Donor notifies CAF of the Additional Signatory and/or update such Additional Signatory contact details (as applicable) to his/her Charity Account.
Assets means all assets including cash, stocks, shares and/ or other non-cash assets given to CAF by or on behalf of the Donor for inclusion in the Charity Account.
The Charity Account shall be used at the absolute discretion of the Institution, exclusively for the purposes of approved charity.