Section 12
Functions and duties of Board in finance of Fund
of Mosque Construction Fund Rules, 2026
In the financial affairs of the Fund, the Board shall be responsible-
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{a) to ensure that the accounting records are duly and properly kept to show and explain all dealings of the Fund, and which are such as to disclose at any time, with reasonable accuracy, the financial position of the
Fund at the time, containing-
(i)
entries showing from day to day all sums of money contributed to the Fund and expended from the Fund, and the matters in respect of which the contribution and the expenditure takes place; and
(ii)
a record of the assets and liabilities of the Fund;
{b) to ensure that a financial statement is prepared for each financial year of the Fund;
(c)
to ensure that an annual report is prepared for each financial year of the Fund containing -
(i)
reports on the activities of the Fund during that year; and
(ii)
other information in respect of the Fund or the Board;
(d)
to submit the annual report to the Majlis within 3 months from the end of the financial year and attached to it the financial statement prepared for that relevant financial year under this rule;
(e)
to submit budget proposal of the Fund to the Majlis.