• The cooperative fund was established at HIBA by virtue of decree No /253/, dated July 16, 2006
• The Fund’s financial and bylaw system was issued by virtue of decree No /231/, dated April 24, 2007
THE FUND AIMS AT:
1. Granting the participants subsidies, loans, and mortgages designated in the particular rules and according to the rules of the Fund financial and bylaw system.
2. Contributing to the participant’s medical expenses including his/her family members and according to the rules of medical subsidies.
3. Contributing to the social activities that aim at fostering the cooperation and solidarity spirit.
THE FUND OFFERS HELP TO STUDENTS IN THE FOLLOWING CASES:
1. Academic subsidies
2. Insurance against accidents
3. Medical services
THE FUND IS MANAGED BY:
1. The Fund General Association
2. The Fund Board
3. The Fund Manager
THE FUND BOARD HAS APPROVED THE FOLLOWING SYSTEMS:
1. The system of medical aid
2. The system of loans and mortgages
3. Subsidies system
4. Students subsidy system
5- Social subsidy system