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Justice plans to invest minors fund
Economy News - Baghdad
The Ministry of Justice announced on Sunday that it is working through the Department of Minors' Welfare to prepare a plan that includes the investment of the funds of the Fund for this segment and the provision of social welfare for them educationally and health
"The department has a plan of action commensurate with the current situation of minors in order to provide the best services for this important segment of society," ministry spokesman Kamel Amin said in an interview carried by the official Al-Sabah newspaper. The Minors' Welfare Fund includes funds belonging to the minor, either through inheritance or by depositing funds in his name by his relatives.
He stressed that "the law allowed investment and development at specific rates not more than 50 percent for those over the age of 15 years in order to develop and increase and then returned to him," noting that "projects are being conducted a feasibility study on them extensively and presented as investment opportunities taking into account the study of previous experiences To other government ministries and coordinate with the concerned authorities. "
"The Minors Welfare Council, which is chaired by Minister of Justice Farouq Amin Al-Shwani, is a member of the ministries of planning and finance, the Real Estate Registration Department and the Supreme Judicial Council," he said. Segment. "
"Minors can withdraw funds from them with special approvals when they need to travel for the purpose of treatment, operation or entry of minors to private or private schools, as well as for the purpose of repairing their homes," he said. The Fund is currently working with the Bank on the basis of interest rates from some of the ongoing projects that the Board seeks to develop, as well as fixed deposits, remittances and Central Bank bonds. T Ministry seeks to apply, as well as investment pieces of land belonging to the fund in order to invest the money of minors as required. "
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