Private Trust Services
Islamic Trust (Waaf)
An Islamic trust, otherwise known as "waqf" or "waqf al-Islami", is a religious concept in Islamic finance and philanthropy.
Islamic trusts serve as an essential mechanism for philanthropy within the Muslim community, fostering a spirit of generosity and communal responsibility. Unlike conventional trusts, an Islamic trust (waqf) cannot be revoked, ensuring that the donor’s intentions are honored perpetually. The administration of waqf assets is overseen by a mutawalli (trustee), who is responsible for managing the assets and ensuring they are used according to the donor’s wishes.
Waqfs can be established for a specific period or indefinitely, depending on the donor’s objectives. By creating a waqf, individuals contribute to the betterment of society, leaving a legacy that benefits future generations. Additionally, waqf promotes community development and social justice by addressing the needs of the underprivileged.
Who needs this?
Are you a devout Muslim who desires to set up a Trust according to the dictates of Islam?
Do you require a trusted partner to ensure your intentions are actualized?
This Trust might be for you!
BENEFITS
- Ensures a Shariah compliant structure is maintained
- The trust’s assets are preserved and used solely for charitable purposes, safeguarding them from personal disputes, legal claims, or financial mismanagement.
- Enables you to create a lasting social impact.
