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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.

Compliance 6
  • Waqf asset classification and legal form documented for each asset
    Documentation Essential
  • Formal waqf deed documents (Trust Deed/Declaration) for all endowed assets
    Documentation Essential
  • Legal registration with appropriate authorities (HMLR Official Copies)
    Compliance Essential
  • Compliance with Charities Act 2011 land disposal/lease rules (CC28)
    Compliance Essential
  • SORP-compliant endowment disclosures in accounts
    Reporting Essential
  • Defined governance structure (Mutawalli appointment, CC29 Conflicts)
    Governance Essential
Basic 2
  • Clear separation of waqf and non-waqf assets
    Leadership High
  • Digital and physical backup of all documentation
    Technology High
Good 5
  • Procedural controls (Role owner, change workflow, annual reconciliation)
    Process Essential
  • Documented donor acceptance policy (rejecting private benefit)
    Governance Essential
  • Consultation with both legal and Shariah experts
    Stakeholder Engagement High
  • Comprehensive asset inventory and valuation
    Leadership High
  • Transparent public disclosure of waqf status
    Transparency High
Better 2
  • Multiple layers of oversight and protection
    Leadership High
  • Contingency planning for changing circumstances
    Sustainability High
Best 1
  • International best practice benchmarking
    Excellence Medium

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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