The BIC is registered with the Palestinian Authority as a not for profit private company. What does this mean?

It means that it is set up like any company, with shareholders and a Board of Directors, but its investors/shareholders make nothing from their shares. Rather all monies raised, including operating profits, go back into the company, that is directly into the project. It is more like a trust with the Board acting as trustees.

The accounts are regulated by the Palestinian Ministry of Finance and audited annually.


  • Nadeem Hazboun, BIC Manager
  • Mike Jacaman, BIC Financial Officer.

Restoring iconography in the Holy Land