Leading UK humanitarian aid charity, Human Appeal, recently announced the launch of a new subsidiary, The Waqf Fund, to increase long-term charitable funds for its worldwide projects. Waqf, an Islamic endowment that involves the permanent transfer of wealth for a charitable purpose, is a common form of good deed recommended in Islamic teachings (Sunnah practice). A joint report by the World Bank, INCEIF and ISRA estimates of the global value of waqf assets range between US$700 billion to US$1 trillion. Through this unique and inclusive charity model, donations are pooled…
Read MoreHuman Appeal’s new subsidiary, The Waqf Fund, launched into $700 billion global market
