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CENTRUM

POWERING ORGANISATIONS
 

  

    

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WAQF


The Prophet Mohammed (pbuh) once said to Umar Ibn Al-Khattab (raa) regarding some property the latter came into possession: "If you like, make it inalienable (a Waqf) and give its profits to charity"


A NOBLE ENDEAVOUR

Every masjid, madrasa, school and charity should take inspiration from the words of the Prophet (sallallahu alayhi wa'sallam) and establish a large, permanent and enduring Waqf of their own that produces a secure, stable and long-term income stream for them for many generations to come and to make them not only stronger financially but more effective in providing their services to their beneficiaries, the community and to society in general

FINANCIAL FREEDOM

Once established → a Waqf (an endowment primarily consisting of income producing land, property and other ethical assets) becomes a steady and perpetual (sustainable) source of unrestricted income and acts as a financial safety net and an insurance policy for the future → its assets produce a reliable cashflow and if required, can be used as collateral if capital needs to be raised quickly from external sources

The consistent and dependable income stream from a Waqf enables organisations to significantly reduce their reliance on donations, repay any borrowings, meet other obligations, provide a greater and more enhanced range of services, become much more independent, effective, financially resilient, to endure during periods of financial instability, weather challenging times, to thrive and to achieve their full potential

FINANCIAL STRENGTH

With a Waqf in place → facing the ups and downs of the economy, managing incomes and budgets, balancing the books, building larger and better facilities, buying newer or extra equipment, hiring more staff, planning trips and expeditions, funding new and existing programmes, projects, ventures, initiatives and services, etc becomes so much more easier

FUNDERS

Doing well while doing good

From a purely altruistic perspective, by supporting a Waqf, funders can make a real, lasting impact on future generations. However, in most instances, pure altruism just may not be enough of a motive for funders to provide capital in a meaningful way. There often needs to be something more and with the right approach, structure and incentives → an organisation can attract a wide range of funders for its Waqf, including:
 

  • Members of the general public
  • Parents and partners of current and previous students of a school
  • Alumni
  • Worshippers and supporters
  • Employees (teachers, admin staff, etc)
  • Donors and other stakeholders
  • Family, friends and colleagues of the above
  • Public and private Trusts, Charities and Foundations
  • Companies, Businesses, Clubs, Institutions, Associations and Groups
  • Corporate CSR Initiatives
  • Financial Advisers and Wealth Managers
  • Investment Funds and Family Offices


HOW CENTRUM CAN ASSIST

We can assist organisations of all sizes to establish and manage their own Waqf. If required, you can outsource everything to us, with you having oversight. We don't charge anything upfront, our revenue is earned from the external cashflow we help to generate, which is agreed in advance with you. Get in touch to find out more ▼
 

  

    

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FUNDING


Funders now have a real financial incentive to help establish a Waqf → some can receive a halal benefit of up to 31.25% directly from the UK Government and all can get their money back later*


Moreover, on top of the money given by funders, organisations also receive an additional 25% from the Government as well

* See how funders benefit

All of this gives funders the spiritual and economic rationale for them to give considerably larger amounts than they ordinarily might have to help establish your Waqf and is made possible through halal social enterprises specially structured by Centrum which are based on the business transactions (Sharikat al-Aqd) between the Prophet Muhammad (sallallahu alayhi wa'sallam) and Khadija (radeyallahu ′anha) – so it has a very noble precedence

Note: this fundraising mechansim can also be used for other purposes, such as building or renovating new centres and facilities, restructuring new or existing qard hasan, etc