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TS-AWM-02 Trust & Stewardship Asset & Waqf Management CORE Excellence v2.9.7

Annual waqf ROI & impact report

Evaluating whether the organization produces and publishes an annual report detailing the financial total return (net of fees) and social impact of its waqf (endowment) assets. It assesses the organization's commitment to transparent reporting, performance accountability, Shariah compliance, and balanced measurement of financial and social returns. Such transparency fulfills the duty of amanah (trust) in stewardship, demonstrating how endowed assets actively advance the maqasid al-Shariah (objectives of Islamic law) to serve the maslahah (public interest).

Basic 1
  • Comparison with previous performance
    Monitoring Essential
Good 7
  • Annual comprehensive waqf performance report published within 6 months
    Documentation Essential
  • Financial performance methodology (TWR/IRR, valuation, gross vs net)
    Performance Essential
  • Spending policy disclosure and inflation protection approach
    Documentation Essential
  • Public availability of the report in accessible formats
    Governance Essential
  • Statement of compliance with waqf deed (shurūṭ al-waqif) and istibdāl register
    Compliance Essential
  • Shariah compliance disclosure (screening, purification, attestation)
    Compliance Essential
  • Balanced financial and impact metrics
    Transparency High
Better 5
  • Impact architecture (Theory of Change, outcome indicators, limitations)
    Performance Essential
  • Benchmark policy and performance against target (e.g., CPI+X)
    Performance Essential
  • Claims substantiation table (CMA Green Claims Code)
    Compliance High
  • Benchmarking against relevant indices (e.g., ARC, MSCI Islamic)
    Excellence High
  • Case studies of beneficiary impact linked to quantitative outcomes
    Stakeholder Engagement Medium
Best 3
  • Third-party assurance (ISAE 3000) for impact and financial tie-back
    Transparency High
  • WCAG 2.1 AA-compliant web/HTML plus accessible PDF
    Accessibility High
  • Publish data appendix (CSV) with data dictionary
    Transparency High

Related Criteria

TS-AWM-01 Waqf deeds registered & compliant TS-AWM-03 Ethical investment policy TS-AWM-04 Asset maintenance & insurance TS-AWM-05 Allocation of Waqf Surplus Income to Welfare TS-AWM-06 Community endowment (Waqf) established and independently audited
Version
2.9.7 2025-11-05

Discussion (1)

Administrator 2026-03-07 11:07:35.791159

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

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