Waqf shares are invested in sharia compliant investments and the profits are then used to support our development work, as well as a re-invested, to ensure it keeps growing, year-on-year.
“When a man dies, all his acts come to an end, but three: recurring charity,
or knowledge (by which people benefit), or a pious offspring, who prays for him” (Muslim).
Waqf, or ‘Endowment’, is a long-standing Islamic tradition. In Islam, Waqf is a form of ongoing charity (Sadaqah Jariya). The original gift (money, land, property, assets) is kept intact. This gift is invested to generate a charitable return for the cause to which was donated.
Islamic Relief delivers Waqf through its partners – Iqraa Trust and Al Baraka Bank. Your donations are invested in sharia compliant investments and the returns are then used to support orphans programmes and is re-invested to ensure it keeps growing every year.
The Orphans Endowment Fund provides a self-sustaining and cost-effective source of funds which provides a humanitarian solution that prioritises the needs of children, specifically, to support orphans and vulnerable children in South Africa.
The Fund is structured so that the capital is preserved and only the income that is generated on the capital is utilised. Projects supported by the fund include:
The Orphans Endowment Fund is structured so that the capital is preserved and only the income that is generated on the capital is utilised to support the Orphans & Children Programme at Islamic Relief.
From every R 500 invested in a Participating Share, an administration fee of R 50 is deducted and the balance of R 450 is invested.
The largest proportion (approximately 80%) of the profits that are earned on the invested funds are used to address the basic needs and development of the orphans and vulnerable children.
A proportion (approximately 10%) is added to the original capital sum in order to increase and preserve its value.
A proportion (approximately 10%) is utilized for the administration of the Orphans Endowment Fund.
Already over R5 million has been invested in the Fund. We are confident that with your help we can grow this WQF so that we can address the urgent need for assistance and support for the most vulnerable in our community.
Become a participant in the Orphans Endowment Fund by investing in participating shares.
You will be alleviating the plight of so many children and bringing hope and joy into their lives.
You can also nurture the spirit of caring by purchasing and gifting shares to your children and other near and dear ones.