TS-FS-13
Trust & Stewardship
Financial Stewardship
CORE
Compliance
v2.9.7
Funds disbursed timely
Assessing whether the organization disburses funds to beneficiaries, projects, and partners in a timely manner is critical. Prompt disbursement is essential for program effectiveness, maintaining partner relationships, meeting beneficiary needs, and fulfilling the purpose of charitable donations. In Islamic tradition, the prompt distribution of Zakat (obligatory charity) and Sadaqah (voluntary charity) reflects upholding organizational Amanah (trust). Unjustified delay in delivering these financial rights contradicts the imperative of Ihsan (excellence) when serving vulnerable populations.
UK Charity Law
- Internal financial controls (CC8) (Authorisation, segregation)
- Charity reserves (CC19) (Liquidity to meet obligations)
- The essential trustee (CC3) (Prudent resource use)
- Ex gratia payments (CC7) (Authority for non-contractual payments)
- Reporting serious incidents (Material disbursement failures)
- Compliance Toolkit (Ch. 5: Working internationally)
- Charities and risk management (CC26) (Operational and financial risk control)
AAOIFI Standards
- Shari’ah Standard No. 35 — Zakah
ISO Standards
- ISO 9001:2015 — Quality management systems
Excellence Frameworks
- EFQM / Baldrige
Other Regulatory
- FRC UK Corp Gov Code
- UK GDPR / Data Protection Act 2018
- Bribery Act 2010
- OFSI Financial Sanctions Guidance; SAMLA 2018
- Proceeds of Crime Act 2002 (POCA) and Terrorism Act 2000
- Payment Services Regulations 2017 (PSD2 UK) / SCA
- Charities SORP (FRS 102)
Discussion (1)
Administrator
2026-03-07 12:01:00.075367
📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Full import from mizan-297.json
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