Awqaf
Investments in Johannesburg

Awqaf SA; empowering communities Awqaf SA™ was pioneered in 2000 as an independent community-based and owned trust, dedicated to the establishment of the institution of Waqf and the empowerment of communities. Awqaf SA is a charitable endowment (waqf) receiving organization. Step into a new world of philanthropy…a way of giving steeped in history and benevolence. It invests endowment funds and spends only the income generated from investments to fund a variety of community development projects and programmes promoting Integrated Community Development and Self-Reliance.

The concepts shared gives an educator the tools to reach out to our learners. The waqf is a system that stems from the idea of institutionalizing voluntary giving in order to guarantee sustainability. The above hadith set the precedent for our honorable Sahaba and Muslims from all walks of life, over the centuries, to popularise the waqf system for any imaginable shari’ah compliant purpose. Economic Assets: These are generally fixed assets, income producing, include rentable shops, houses, farms, shares in companies or businesses; function facilities e.g. Social Assets: These are also generally fixed or capital assets and include schools; masjids; madressahs; hospitals & clinics; boreholes, water & sanitation facilities; libraries; cemetaries; community centres; hostels etc. Only the income generated ie rental or profits from the capital investment is utilised for funding sustainable community and social development projects or programmes. It invests endowment funds and spends only the income generated from investments to fund a variety of community development projects and programmes promoting Integrated Community Development and Self-Reliance. Awqaf SA is not affiliated to any organization but participates and contributes wherever possible. Create, mobilise, develop and manage waqf and charitable endowment funds and assets as means of providing sustainable funding solutions. Initiation and/or contribution to worthwhile sustainable humanitarian, community development and poverty alleviation projects and programmes. Awqaf SA is grateful to Allah (swt), the many donors, volunteers, service providers, and their families for their duas and support. It becomes incumbent on any Muslim who has assets in his/her name to draw up a will so that the beneficiaries and/or heirs are clearly stated and leave no room for uncertainties, disputes, bitterness, and family breakdowns afterwards as is the case with so many families today. This is a duty not to be neglected because life and death has no guarantees. Imagine the distress that is caused to the widow, or children, or leaving a near and dear destitute by not clarifying your will and by not doing it according to Shari’ah requirements. If you have already executed a will that is not compliant, it is recommended that you execute a new shari’ah compliant will. Because of the importance of Islamic Wills, Awqaf SA has appointed experts to assist you in drawing up your will according to Shari’ah requirements. Awqaf SA is an ASSET BASED Islamic charitable endowment fund. Its Annual Financial Statements must be read and interpreted in the light of how the waqf system works. Asset Investment: Waqf Funds may only be invested in capital and infrastructure assets. Waqf Revenues: Waqf revenues represent the income generated from investment assets ie rentals, profits, dividends. Continuous growth: Awqaf SA needs to grow its waqf capital and asset baser on a continuous basis to have the ongoing sustainable capacity to meet community needs. For this, support is needed from the whole community.