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TS-AWM-01 Trust & Stewardship Asset & Waqf Management CORE Excellence v2.9.7

Waqf deeds registered & compliant

This criterion assesses whether the organization has properly registered and legally documented its waqf (endowment) assets in compliance with both Islamic principles and relevant legal frameworks. In the UK context, 'waqf registration' is evidenced through the charity’s governing/trust documentation, HM Land Registry title entries/restrictions for land, and permanent endowment fund accounting—rather than a separate state waqf registry. It evaluates the organization's commitment to establishing sustainable, perpetual assets with proper governance, documentation, and legal protection (Hifdh al-Mal). Waqf structures must satisfy charity/public benefit requirements; private/family waqf purposes are not charitable and require separate trust arrangements outside the charity.

KPI / Measure
MetricWaqf Compliance & Reconciliation Index
Target100%
FrequencyAnnual
MethodComposite: (% assets with complete legal pack) & (% assets reconciled annually)
UnitPercentage
Maturity Levels
Level 1: Initial/Ad-hoc

Waqf intentions may exist, but assets are not formally documented or legally designated as waqf. Management is ad-hoc and relies on informal understanding.

Level 2: Developing

Some waqf assets are documented internally, but they lack formal, legally-binding waqf deeds (trust deeds/declarations) and are not registered with external authorities.

Level 3: Established

All waqf assets have formal executed trust/declaration deeds. Basic compliance (HMLR restrictions, SORP classification) is established, though some gaps in segregation or restriction wording may exist.

Level 4: Advanced

A comprehensive Waqf Governance Manual is implemented, covering asset classification, approvals, and conflicts. Regular reviews ensure compliance with Charities Act land rules and Shari'ah principles.

Level 5: Optimizing

The waqf management system is benchmarked against best practices. 100% of assets have complete legal packs (including HMLR restrictions/nominee equivalents) and are reconciled annually.

Applicability

Organisation Types

mosque-prayer-space islamic-center community-center charity-relief humanitarian-aid zakat-sadaqah-body islamic-school-madrasa educational-institution supplementary-school islamic-university-college youth-organization womens-organization student-islamic-society healthcare-service elderly-care funeral-service bereavement-support

By Organisation Size

SizeApplicabilityNotes
Micro partial Legal deeds and HMLR registration are mandatory if holding waqf property, but complex asset classification and formal procedural controls are disproportionate.
Small partial Must hold valid trust deeds and HMLR titles for any endowed property, but procedural controls and classifications can be simplified.
Medium full
Large full
Major full

Applicable When

  • The organization owns or manages assets designated as Waqf.
  • The organization intends to establish a Waqf.
  • The organization benefits from Waqf assets.

Not Applicable When

  • The organization does not own, manage, or benefit from Waqf assets.
  • The organization's activities are strictly commercial and unrelated to Islamic endowments.

Discussion (1)

Administrator 2026-03-07 11:07:35.340805

📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json

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