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).
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.
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)
📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json
Sign in to post a comment.