{"id":592806,"date":"2019-11-06T04:00:59","date_gmt":"2019-11-06T04:00:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/"},"modified":"2019-11-06T04:00:59","modified_gmt":"2019-11-06T04:00:59","slug":"egypt-could-exempt-charity-funds-from-paying-taxes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/","title":{"rendered":"Egypt could exempt charity funds from paying taxes"},"content":{"rendered":"<p>The Finance Ministry has agreed in principle to exempt charity funds from paying taxes in a bid to encourage the sector, Italy-based asset manager Azimut Group Managing Director Ahmed Abou El-Saad <a href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%88%d8%a7%d9%81%d9%82-%d9%85%d8%a8%d8%af%d8%a6%d9%8a%d8%a7-%d8%b9%d9%84%d9%89-%d8%a5%d8%b9%d9%81%d8%a7%d8%a1-%d8%a7\/\">tells Al Mal<\/a>. Azimut has been hired to manage the assets of Egypt's first charitable investment fund, Ataa, which will serve people with disabilities. The Financial Regulatory Authority <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/\">had approved a directive allowing the establishment of charitable investment funds<\/a>, whose profits would go towards charity and other social welfare and development projects last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Ministry has agreed in principle to exempt charity funds from paying taxes in a bid to encourage the sector, Italy-based asset manager Azimut Group Managing Director Ahmed Abou El-Saad tells Al Mal. Azimut has been hired to manage the assets of Egypt's first charitable investment fund, Ataa, which will serve people with disabilities. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9346],"tags":[5879,2376,72,76,125,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592806","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-azimut-group","tag-egypt-politics-economics","tag-enterpriseam","tag-financial-regulatory-authority","tag-investment-watch","tag-tax","wpautop","entry"],"acf":{"mongo_id":"0c060529-bc39-4959-b25d-59c6efd8a748","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[592767],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt could exempt charity funds from paying taxes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt could exempt charity funds from paying taxes\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry has agreed in principle to exempt charity funds from paying taxes in a bid to encourage the sector, Italy-based asset manager Azimut Group Managing Director Ahmed Abou El-Saad tells Al Mal. Azimut has been hired to manage the assets of Egypt&#039;s first charitable investment fund, Ataa, which will serve people with disabilities. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-06T04:00:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt could exempt charity funds from paying taxes\",\"datePublished\":\"2019-11-06T04:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Azimut Group\",\"Egypt Politics + Economics\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"investment watch\",\"tax\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-exempt-charity-funds-from-paying-taxes\/\",\"name\":\"Egypt could exempt charity funds from paying taxes - 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