Skip to Content
TS-AWM-16 Trust & Stewardship Asset & Waqf Management CORE Excellence v2.9.7

Strategy for Growing Waqf/Endowment Assets

Assesses whether the organization has a proactive and documented strategy for developing and growing its endowment (waqf) assets to ensure long-term financial sustainability and increase its capacity for charitable work. Note: This criterion covers both the religious designation of 'Waqf' and UK legal classifications. Organizations must clearly distinguish between: (a) Permanent Endowment (capital cannot be spent), (b) Expendable Endowment (capital can be spent under specific conditions), and (c) Designated Funds (unrestricted funds set aside by trustees).

Fiqh Principles

Waqf

A perpetual charitable trust where the capital asset is preserved and its proceeds are directed to beneficiaries.

Maṣlaḥah

The principle of public benefit or interest, aimed at maximizing enduring social impact.

Al-kharāj bi al-ḍamān

Entitlement to return is linked to bearing liability/risk; justifies disciplined risk governance in investments.

Ḥifẓ al-māl

Preservation of wealth; a Maqāṣid principle supporting inflation-proofing and corpus protection.

Tanmiyat al-Māl

The principle of developing and growing wealth. It obligates the trustee (nāẓir) to invest assets productively.

Iḍāʿat al-Māl

The prohibition of wasting wealth. Leaving waqf assets unproductive is considered a form of waste.

Islamic Concepts

Iḥsān

The ethical standard of excellence in professional stewardship and all actions.

Stewardship

The fiduciary duty and care required in managing endowed assets for their intended purpose.

Sadaqah Jariyah

Ongoing charity that continues to benefit others after the donor's death, operationalized through waqf.

Discussion (1)

Administrator 2026-03-07 11:07:38.935756

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

Sign in to post a comment.