The Frequently Asked Questions (FAQs) section is a compilation of commonly asked questions from users and customers of AMAF. Please click on the question to view the answer.
Liquidated funds: The share of minor is separated from the heirs upon the completion of the final inventory of the estate and proving the rights.
In kind property: (Such as lands and real estate) Heirs are advised to register the property as per the Sharia declaration with the competent Section, otherwise (licences, vehicles, stocks, etc…) the separation is carried out upon the request of the heirs.
First: Payment of assistance from the Association to the minors:
The file is studied by the social researcher in the Research and Guidance Section and the family is contacted through a phone call to obtain some key data and set an appointment for the field visit.
A field visit is carried out to the accommodation of the minors to recognize their needs and living conditions and then a social study is conducted about the minors’ and nurse’s needs and recommendations are presented to the Head of the Research and Guidance for approval.
Recommendations are referred to the Welfare Section, where the recommendations are executed by the welfare-specialized social guide.
Note: Assistance is paid to the minors of middle income whose monthly income is less than (3000) Dirhams per minor, except if the minor is living in a lease house, where the minor is assisted within the fixed income whose monthly income is less than (4400) Dirhams (the value of social security assistance per capita).
Second: Payment from minors’ money:
The application is to be submitted by the custodian or nurse with the required documentation based on the type of the application.
The application is studied by the Social Research Section and the family is contacted for the purpose of inquiry and assuring that the minor will benefit from the application.
In case of approval, the application is referred to the Department of Financial Affairs for payment.
In case of rejection, the applicant is notified of the rejection with justifications.
Minors’ cash funds are invested within the general investment portfolio managed by the Association distributed to a group of miscellaneous investment assets including real estate assets and shareholding in a group of companies as well as investment in a group of investment portfolios run by a group of local and international big banks and companies in accordance with Islamic Sharia and the Articles of Association of the Association. Profits are distributed proportionately for each minor in the portfolio.
The minors’ investments in the Association are followed up. For example, if the investments are real estate, the Association shall fully manage these real estates and transfer their revenues to their accounts and if they are other investments, the Association will follow them up on an investment basis.
The payment applications for the minors’ needs have to observe the following:
Submitting an application signed by the applicant fulfilling the conditions after being approved by the Social Research Section/Estates based on the application type and availability of balance then a cheque in favour of the supplier or beneficiary is issued.