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Waqf home


Frequently Asked Questions

1. How can I participate in the Waqf Future Fund?

2. How much will it cost to buy one share?
3. Do I have to choose a particular type of category or can I leave it open?
4. How much return will there be on my share?
5. If you are promising an annual return, is this not the same as interest?
6. How often will Islamic Relief let us know about how the Waqf shares are performing?
7. When will I receive my Waqf deed (legal documents of verification)?
8. Will I receive a Waqf deed for each share I invest in?
9. Can I pay for my Waqf shares in instalments?
10. Can we give shares in Waqf on behalf of someone else?
11. How can I include a Waqf in my Will?
12. Is there a limit to the number of shares that I can invest in Waqf?
13. Can a group or an organisation buy shares in Waqf?


 


1. How can I participate in the Waqf Future Fund?

There are several ways to make a donation towards the Waqf Future Fund. Click here for payment options.

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2. How much will it cost to buy one share?
The total cost of one share in the Waqf Future Fund is £890. This can be paid in one lump sum or in several instalments. After an initial one-off investment fee of £90, the capital sum of £800 is invested according to Islamic guidelines.

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3. Do I have to choose a particular type of category or can I leave it open?
This is entirely your decision; however we do encourage donors to take General Waqf shares for two reasons:

  • The General Waqf allows you to reap the benefit of helping people in different ways through different projects.

  • The General Waqf also gives us greater flexibility when it comes to helping those most in need.

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4. How much return will there be on my share?
Low risk investments offer a high probability of return, with modest amounts of return. As our policy is low-risk investment, we avoid schemes which offer potentially higher returns as they also carry a higher risk of loss.

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5. If you are promising an annual return, is this not the same as interest?
As we do not guarantee a return on the investment, we are not offering interest. Instead, we state that we expect a very high chance of return - not a 100% chance of return.

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6. How often will Islamic Relief let us know about how the Waqf shares are performing?
We aim to send donors an annual report on how well their Waqf shares are performing. If you do not wish to receive an annual performance report please let us know in advance.

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7. When will I receive my Waqf deed (legal documents of verification)?
Once you have made your Waqf payment in full, you will receive a welcome letter and receipt. The money will then be invested (on the first day of the following month or within six weeks), and you will be sent your Waqf deed, within a maximum of two months.

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8. Will I receive a Waqf deed for each share I invest in?
You will receive a Waqf deed for each type of project you invest in, rather than each share. For example, if you buy five shares in Healthcare Waqf then your single deed will state that you have invested in five shares in Healthcare Waqf.
If, however, you invest in five shares as follows; three for Orphans Waqf and two for Healthcare Waqf then you will receive two Waqf deeds, one orphans deed (stating three shares) and one healthcare deed (stating two shares)..

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9. Can I pay for my Waqf shares in instalments?
Yes. The best way to do this is by making regular contributions through your bank account (direct debit or standing order). We recommend a minimum amount of £40 per month. This means that a Waqf share will be paid for in less than two years. You will receive a Waqf deed once the amount you pay reaches £890.

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10. Can we give shares in Waqf on behalf of someone else?
A Waqf share is an ideal gift for parents, children, relatives and friends, as it brings benefits in this world and in the hereafter, insha’Allah (God-Willing)..

It is also possible to make a special gift for the deceased - especially parents and relatives. The Waqf deed will have the name of the person who has bought the Waqf share, and also the name of the person to whom the shares are attributed.

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11. How can I include a Waqf in my Will?
After the payment of any debts, funeral expenses and administration costs related to the disposal of your estate, you are permitted to bequeath a maximum of ⅓ of your estate to parties not entitled to a fixed share. This will include any charitable donations you wish to make. The best way of including a Waqf to Islamic Relief in your Will is to specify that a portion or percentage of your estate amounting to no more than to be used on Waqf or ongoing charitable projects.

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12. Is there a limit to the number of shares that I can invest in Waqf?
There is no upper limit to the number of shares you can invest in. Some current donors already have as many as 20 shares under their name.

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13. Can a group or an organisation buy shares in Waqf?
Yes, they are welcome to do so. Islamic Relief Waqf projects are not limited to individuals. Organisations, businesses and even groups of friends have been getting together to buy Waqf shares.

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