The Australian Islamic College (Perth)

REGISTERED OFFICE: 1/504 Marmion Street, BOORAGOON WA 6154

PO BOX 1133 Booragoon Western Australia 6154

Booragoon Tel: (618) 9330 6422 Fax: (618) 9317 1520- Email: info@aic.wa.edu.au

AIC- Frequent Locally Asked Questions

Q4) What is the salary structure of the Director of the College?

From 1/11/1985 to 1/1/1991 ; No charges

From 1/1/91 until 10/10/05 ; Magar Enterprise was charging $70,000 per annum for Administration fees, Computer services and Office leasing per year. After 13 years at $70,000 It was recommended in Term 4 2005 (10/10/05) that Magar Enterprise review its charges to AIC in light of inflation and due to the many years of services rendered.

The total charges of Magar Enterprise were increased by calculating the Salary Award for Principals, adding 10% plus adding per year entitlements of 12 weeks annual leave, superannuation, sick leave and long service leave entitlements.

This payment was made effective from Term 4 2005 and was not back paid any further.

Q5) Who is the Director directly accountable to?

The Director is directly accountable to the Board of Trustees – The AIC Foundation Trust.

The college has a board of trustees- THE AIC FOUNDATION TRUST which is made up of 11 individuals including those who have played a major part in the development and running of the College. These include Sheikh Abbass, Br. Al-Bassam, and Dr Hamza Amira etc.

Q6) Who is Al-Bassam?

Al-Bassam is a businessman from Saudi Arabia who has contributed to the College for many years.
Al-Bassam has been an ardent supporter of the college and he has loaned the college funds on many occasions including the purchase of Thornlie College Technology Buildingand Mosque in 1994, Dianella College in 1996 and the purchase of Kewdale College in 2000.
Al-Bassam has donated to the college approximately $300,000 and has loaned a total of $5.39 million (Kewdale $5,211,879.81 + Dianella $179,000).

Al-Bassam has entrusted his funds and activities related to his funds to Mr. Abdallah Magar.

**IMPORTANT**

It is vital to understand that ALL MONIES that the school receives is accounted for, and being a non-profit organisation, it is a requirement that all accounts are transparent which are arduously audited by independent auditors every year to ensure there is NO MISAPPROPRIATION OF FUNDS, and that all monies received is ploughed back into the school. The Government also conducts checks and reports are handed back which give testimony to the adherence of these rules.