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Corporate Governance

Legal Status And Registrations

IQRAA Trust is registered as a trust in terms of the legislation in South Africa. Therefore the policies, activities and delegation of authority comply with the provisions of the Trust Deed.

Iqraa Trust is registered as a Non Profit Organisation(NPO) with the Department of Social Development and Welfare.

IQRAA Trust is a registered Public Benefit Organisation with the South African Revenue Services (SARS) in South Africa.
Iqraa Trust has been granted Section 18A status by SARS which would entitle a taxpayer (individual, company, close corporation or trust) to deduct annually donations to Iqraa Trust not exceeding 5% of taxable income.

 

Board of Trustees of the IQRAA Trust

The Board of Trustees is the ultimate governing body of the Trust. The Board includes the following trustees:

  • Mr. Abdullah S. Kamel
  • Mr. Yasser Yamani
  • Mr. Mahmoud Youssef-Baker 
  • Mr. Shabir Ahmed Essop Chohan
  • Mr. Ismail Kalla
  • Adv. Abu Bakr Mahomed SC
  • Mrs. Zuleika Mayet
  • Mr. Mohomed Sadeck Paruk
  • Dr. Awad Al Thubaity

board Mr. Shabir Ahmed Essop Chohan Dr Awad Al Thubaity Mr. Ismail Kalla Mr. Mohomed Sadeck Paruk Mr. Mahmoud Youseff-Baker (Chairman) Adv. Abu Baker Mohomed SC Mrs. Zuleika Mayet

 

The Board of Trustees is responsible for:

  • Determining the objectives of the Trust.
  • Approving the overall strategy and policies of the Trust
  • Approving the financial statements of the Trust.


Executive Committee of the IQRAA Trust

In accordance with the provisions of the trust deed, the Board of Trustees has delegated certain of its functions to an executive committee which is made up of the following trustees:

  • Mahmoud Youssef-Baker (Chairman) 
  • Shabir Ahmed Essop Chohan
  • Mohamed Sadeck Paruk


Internal Audit Committee and Internal Audits

The audit committee acts independently and effectively to ensure that management creates and maintains an effective control environment in the organization and that the management demonstrates and promote compliance with internal controls at all levels within the organisation.

The members of the Committee are:

  • Mahomed Sadeck Paruk(Chairman)
  • Shabir Ahmed Essop Chohan

The Audit committee is assisted and supported in this process by an auditing firm, SAB&T which specialises in internal audits and which the Trust has engaged to conduct an iternal audit of its operations every year.

 

Auditors

Iqraa Trust's auditors are KPMG.

 

 

 

 

 

 

 

 

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