Asset maintenance & insurance
This criterion assesses whether the organization implements systematic maintenance programs and appropriate insurance coverage for its assets, particularly waqf properties. It evaluates the organization's commitment to preserving the value and functionality of its assets through preventive care, timely repairs, and risk management. Trustees are ‘shepherds’ responsible for safeguarding assets; neglect breaches this trust and potentially the shurūṭ al-wāqif (conditions of the waqf), violating the command to ‘fulfil contracts’ (Qur’an 5:1). Proactive safety measures operationalize the maxim al-ḍarar yuzāl (harm must be removed) and the prohibition ‘do not throw yourselves into destruction’ (Qur’an 2:195), ensuring long-term sustainability and continued benefit to the community.
Compliance 2
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Statutory inspection/compliance calendar (Gas, EICR, Fire, Asbestos, Legionella)Compliance Essential
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Insurance programme (Buildings, Liability, Indemnity, BI) annually reviewedCompliance Essential
Basic 3
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Qualified maintenance personnel & Contractor VettingTraining Essential
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Comprehensive asset registerDocumentation Essential
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Emergency maintenance protocolsExcellence High
Good 5
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Governance & accountability (RACI)Governance Essential
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Documented asset maintenance schedule (PPM)Documentation Essential
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Leased/Overseas Compliance Responsibilities MatrixGovernance Essential
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Iḥsān in workmanship (Right-first-time)Excellence High
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Risk assessment and mitigation strategiesLeadership High
Better 4
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Lifecycle funding (Sinking Fund) for waqf assetsSustainability Essential
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Lifecycle maintenance planning with sinking fundsSustainability High
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Digital asset management system (CMMS)Technology High
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Heritage/listed assets conservation plansExcellence Medium
Discussion (1)
📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json
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