Halting all types of charitable contributions immediately, as directed to banks by CBK.
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Cha-ching! Hold up, folks! Kuwait's Central Bank is dropping some major news: a nationwide halt on charitable donations.
That's right, due to concerns about the misuse of donated funds and a push for stricter regulations, all banks in the country have been ordered to cease collecting donations for charity organizations. This directive stems from a notification issued by the Ministry of Social Affairs.
So, if you were planning on dropping some cash into that collection jar at the local charity society, hold off for now. The Central Bank's pause on donations covers everything from cash deposits, checks, and electronic transfers, to online platforms, mobile apps, ATMs, and even standing payment orders.
But fear not – this ain't a permanent freeze. The suspension will last only until further notice from the powers that be. In the meantime, banking transactions related to charity activities will be limited to domestic disbursements, subject to the Ministry of Social Affairs' prior approval.
Wondering why they pulled the plug? The Central Bank and Ministry of Social Affairs are busy implementing new rules to protect donors' funds, prevent redundant fundraising campaigns, and increase transparency. These new procedures include requiring pre-approval for charity advertisements and events, a two-week advance notice for all events (domestic and international), and the registration of foreign trips through a system called "Safe Traveler."
Get ready to follow these updated rules, as they're intended to modernize oversight and prevent abuse of charitable funds. Violations could result in some serious consequences, such as account freezes or operational bans for offending organizations.
Stay tuned for more updates on charitable giving in Kuwait. Your generous donations will be back on track soon!
Insights:- The charity donation suspension has been ongoing since April 19, 2025.- The Central Bank's order to halt donation collection includes measures to prevent duplicate campaigns and promote transparency in charitable activities.- Violations of the new rules may result in serious consequences, such as account freezes and operational bans for offending organizations.
- The circular issued by the Ministry of Social Affairs and the Central Bank of Kuwait has suspended all charitable donations, including directives for banks to cease collecting donations.
- The suspension of charitable donations in Kuwait, effective since April 19, 2025, involves a comprehensive halt, covering various means such as cash, checks, electronic transfers, online platforms, mobile apps, ATMs, and standing payment orders.
- As part of the efforts to protect donor funds, prevent redundant fundraising campaigns, and ensure transparency, new regulations have been proposed, including the requirement for pre-approval for charity advertisements and events, a two-week advance notice for all events, and the registration of foreign trips through the 'Safe Traveler' system.
