Circular No. 3: Ayn Karim Residents Charitable Association

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Palestine Monetary Authority PALESTINE MONETARY AUTHORITY

Circular No. (3/2025) To all banks operating in Palestine Date: Wednesday, January 15, 2025

Subject: Ayn Karim Residents Charitable Association

Attached is a copy of the letter from the Director General of the General Administration for Non-Governmental Organizations and Public Affairs at the Ministry of Interior, No. (267), regarding the request to obtain bank statements for Ayn Karim Residents Charitable Association, which was dissolved by a decision of His Excellency the Minister of Interior dated 2022/12/13, in accordance with the provisions of the Associations Law in force in the State of Palestine.

Accordingly, our Market Supervision Department is requested to provide the required information within two days from the date of this circular.

Supervision Group Palestine Monetary Authority

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State of Palestine Ministry of Interior

State of Palestine Ministry of Interior Issued: 267 Date: 13-01-2025

Dear Mr. Mohammad Manasrah, Deputy Governor of the Palestine Monetary Authority Greetings:

Subject: Ayn Karim Residents Association - RA-22882-C

The General Administration for Non-Governmental Organizations and Public Affairs at the Ministry of Interior extends its warmest greetings. With reference to the above subject, please instruct your relevant parties to provide us with the bank statements for Ayn Karim Residents Association - RA-22882-C, noting that a dissolution decision for the association was issued on 2022/12/13.

• A copy of the dissolution decision is attached.

Yours sincerely,

Asir Hilana Director General of the General Administration for Non-Governmental Organizations and Public Affairs

Copy to: - General Affairs + Secretariat Copy to: The Diwan (Secretariat).

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State of Palestine Ministry of Interior Minister's Office

Decision No. (50) for the year 2022

Based on the powers granted to us under Law No. (1) of 2000 concerning Charitable Associations and Civil Bodies, and its Executive Regulations, and in pursuit of the public interest, it is decided as follows:

First: Dissolution of Ayn Karim Residents Charitable Association - Ramallah and Al-Bireh Governorate, registered with us on 2015/4/28 under number (RA-22882-C), for the following reasons:

1. The aforementioned association failed to hold elections for the Board of Directors, contrary to Article (23) of the aforementioned Associations Law and Article (29) of its Statute, despite the Board's term ending on 2018/12/24.
2. The association's General Assembly failed to hold its annual meeting, contrary to Article (23) of the aforementioned Associations Law.
3. Failure to submit financial and administrative reports for the years (2016, 2017, 2018, 2019, 2020) to the competent authority, contrary to Article (13) of the Associations Law and Article (41) of the Statute.
4. For the aforementioned violations, and in accordance with Article (37) of the Associations Law, a written notice bearing issuance number (1009) was addressed to the association on 2022/1/25, directing it to rectify its legal status within three months.
5. Despite being served the notice on 2022/2/13 and its expiration on 2022/5/13, it failed to rectify its legal status.
6. For the aforementioned violations and upon expiration of the notice period without rectification by the association, this decision was issued based on Article (37) of the aforementioned Associations Law.

Second: The aforementioned association is subject to the liquidation procedures stipulated in Article (39) of the Associations Law and Presidential Decree dated 2011/4/28. Third: All relevant authorities shall implement the decision according to their respective jurisdictions, and this decision takes effect from its date. Fourth: All are required to comply and adhere.

With respect, Ziad Al-Hiba Al-Rih Minister of Interior Date: 2022/12/13