The tasks of the Funds Department as issued according to Deans Council No. 552/2021/2022 Date 16/5/2022.

Saving Fund Division

Implementing the savings fund system in force at the university. The savings Fund Division is responsible for the following tasks and authorities according to Article (10/d):

  1. Implementing the general policy of the fund that has been approved by the University Council.
  2. Investing the amounts accumulated in the Fund in the manner it deems appropriate for the benefit of the Fund.
  3. Approval of the financial statements and annual report of the Fund.

 4.   Any other tasks or authorities stated in the fund system.

Donations Fund Division

Implementing the donation fund system in force at the university, and the following tasks and authorities shall be carried out under Article (3) of the Donations Fund Regulations:

  1. Providing scholarships for Jordanian students at the university.
  2. Providing scholarships for non-Jordanian students at the university who have a special interest in studying the Arabic language and Islamic civilization.
  3. Providing various loans and financial aid to university students.
  4. Supporting the establishment of endowed chairs inside and outside the university.
  5. Financing some scholarships to and from the university.
  6. Supporting specialized higher studies or scientific research adopted by the university.
  7. Financing some construction and development projects within the university.
  8. Any other tasks approved by the Council.

 

According to Article no.  (2) of the Voluntary Fund Regulations, the Fund's resources consist of funds provided to the Fund to achieve its purposes through endowments, bequests, gifts, or grants

Students Fund Division

Implementing the Student Fund Regulations in force at the university.

They are carrying out the task of monitoring students' academic excellence and working to develop their respect for manual work and meeting their needs by providing grants or loans to them or employing them for specific hours within the university.

According to Article (3), the Fund's resources consist of the following:

  • Annual grant from the university budget.
  • Gifts, donations, grants, and bequests provided to the university for the fund's purposes.
  • Revenues from investing the fund's money.
  • Payback loans.

It is implementing the investment and financing fund regulation in force at the university.

Investment Fund Division

The Division seeks to invest the Fund’s money and allocate the resulting revenues to support the various aspects of the University’s activities and finance its development projects under the provisions of this system, and to achieve the intended purposes of this system as well. The phrase “supporting the various aspects of the university’s activities and financing its development projects” does not include covering the university’s current or emergency expenses except in the cases and within the limits stipulated in this system.

  1. Auditing all documents required for payments and their ways and sources in all divisions.
  2. Auditing the funds' budgets, financial accounts, and annual reports.
  3. auditing the bank reconciliation of all divisions with the approved bank.
  4. Provide proposals for developing the working process mechanisms of each division.
  5. Assisting in preparing university Instructions projects within the department's scope.
  6. Auditing the decisions issued by the department and following up on the implementation procedures.

Any other tasks or activities as assigned.