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).
UK Charity Law
- Investment Matters (CC14) (Charities Act s.104A-F)
- Charities Act 2022 (Permanent Endowment Reforms)
- The Essential Trustee (CC3) (Protect & grow assets)
- Charities and risk management (CC26) (Risk register, controls, assurance)
- Charity reserves – building resilience (CC19) (Expendable reserves vs permanent endowment)
- Charity fundraising – trustee duties (CC20) (Oversee appeals, avoid misleading solicitations)
- Sales, leases, transfers or mortgages of charity land (CC28) (Compliant valuation, advice, statements)
- Conflicts of interest: a guide for charity trustees (CC29) (Manage conflicts in investment selection)
- Permanent endowment (Total return on permanent endowment)
ISO Standards
- ISO 55001 — Asset management
- ISO 31000:2018 — Risk management
Excellence Frameworks
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
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