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CENTRUM

POWERING YOUR ORGANISATION
 

  

    

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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, charity, religious and non-profit organisation should take inspiration from the words of the Prophet (sallallahu alayhi wa'sallam) and reduce their reliance on donations by establishing a large, permanent and enduring Waqf that produces a secure, stable and long-term income stream for them

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 stronger, 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 many future generations to come and make organisations not only stronger financially but more effective in providing their services

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 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 build a Waqf → they can receive a halal benefit of up to 31.25%* directly from the UK Government now → and get their money back later


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

* See how funders benefit

All of this gives funders the economic rationale for them to give larger amounts to a Waqf and is made possible through specially structured halal social investments from Centrum which are based on the business transactions between the Prophet Muhammad (sallallahu alayhi wa'sallam) and Khadija (radeyallahu ′anha)