Financial Status
ASAI is grateful for the generous contribution of late H.R.H. Prince Turki Ben Abdul Aziz Al-Saud, and the government of South Korea and Brown Bovery (Pharmaceutical Co) in Switzerland) and all the businessmen in the Gulf Countries especially Kuwait, Saudi Arabia, and the UAE.
Without the generous contributions, SAI would not have achieved the success for the past years. May Allah bless them, and their hearts
Sources of Finance:
ASAI depends on the following sources for financing its programs and projects:
- Returns from endowment/investment fund
- Loan repayments by graduates, who received interest free loans
- Unconditional gifts and grants, funds in trust, deeds, stocks and bonds certificates, lifetime inheritance gifts to education
- Contributions from individuals, institutions, banks and waqf
- Contributions are tax-exempt and are accepted in view of the policy stated above
- Grant from Arab Fund for Social and economic Development (AFSED) based in Kuwait
The following Table indicates the total funds received from the above resources:
Year 1977-1985
-
$10,360,000 Donations
-
$1,497,000 Investment Income
-
$468,000 Loan Repayment
-
$12,325,000 Total
Year 1986-1994
-
$9,041,000 Donations
-
$5,194,000 Investment Income
-
$668,000 Loan Repayment
-
$14,903,000 Total
Year 1995-2001
-
$3,329,000 Donations
-
$8,464,000 Investment Income
-
$379,000 Loan Repayment
-
$12,172,000 Total
Year 2002-2005
-
$15,420 Donations
-
$941,300 Investment Income
-
$189,000 Loan Repayment
-
$736,880 Total
Year 2006-2011
-
$914,000 Donations
-
$1,383,367 Investment Income
-
$554,646 Loan Repayment
-
$2,852,013 Total
Year 2012-2019
-
$1,560,528 Donations
-
$2,190,829 Investment Income
-
$536,605 Loan Repayment
-
$4,287,962 Total
Year 2020
-
$229,471 Donations
-
$333,148 Investment Income
-
$32,487 Loan Repayment
-
$595,107 Total
Total
-
$25,219,948 Donations
-
$17,787,896 Investment Income
-
$2,795,251 Loan Repayment
-
$45,803,095 Total
ASASI is grateful for the generous contribution of (Late) HRH Prince Turki Ben Abdul Aziz Al-Saud, for contributing $ 11.5 Million, and the Government of South Korea for the donation of $ 1,250,000 , and Brown Bovery ( A Swiss pharmaceutical Co.) and all the business men and women, in the Gulf countries especially in Kuwait, Saudi Arabia, and the United Arab Emirates
Without the generous contributions, ASAI would not have achieved the success for the past 44 years. May God bless the Hearts of them all.
