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A small investment guaranteeing you endless rewards
Waqf refers to an endowment made to a charitable, educational or religious cause.
It is an ongoing, sustainable, charitable donation and has been used throughout Islamic history to benefit and support communities, and aid community development. Islamically, waqf is a mechanism through which the condition of society can be improved.
A charitable waqf (pious endownment) is the ideal solution to ensure our students receive your support now and in the future. Your donation will be invested in various shariah compliant projects which will generate profits while protecting your initial investments.
An ideal solution to help support muslim students now, in the future and forever.
The donor (or heirs) cannot revoke the endowment if it has already been declared a Waqf. This ensures that the Waqf is created solely for philanthropic purposes and that it will always benefit the community.
According to four Islamic schools of thought (Hanafi, Maliki, Shafi’i and Hanbali) the donation must be perpetual once it is created. This guarantees that it will benefit generation after generation and also prohibits it from being confiscated.
Although the benefits of the donation are beneficial to human beings, the property itself is considered to be returned to God. No person can ever become the owner, so the Waqf becomes a ‘common asset’. It cannot be sold, mortgaged, gifted or inherited.
By establishing the waqf, here at MMSF we will be able to have a positive impact on our muslim students lives. By providing hardship funds for struggling students, grants for activities to develop our youth and awards for academic excellence, we can really make a difference.
We distributes grants to muslim students who are in financial difficulty and need a helping hand.
Students should be rewarded for educational excellence and outstanding achievement. We recognise talent and individual/group achievements.
We support individuals and organisations who work with muslim students and may require financial support to fulfil their work.
All muslim students should have access to any items or services associated with their course or professional development.
Money shouldn't be a barrier for education.
MMSF aims to initiate various campaigns to support and enhance the development of muslim students across Manchester. From promoting Health and Mental Wellbeing provisions, to supporting Young Muslim Entrepreneurs and Battling Islamophobia in Education, we work directly with students, organisations and institutions to make change.
By conducting research in Greater Manchester, MMSF understands the importance of initiatives and tailored support backed by research and evidence. We also understand the importance of wider engagement with local authorities, councils, other organisations and potentially government, where decisions can affect a large group of people. We aim to influence policy to make substantive change.
Waqf is only valid and accepted when certain conditions are fulfilled.
Waqf should be devoted for good ends only; the result of the Waqf cannot harm people
Waqf assets should be Islamically lawful (halal). For example, it is not permitted to create Waqf from shares in an alcohol-producing company or unethical investment
Waqf assets should be clearly defined and tangible
The Waqf donation must be unconditional and with no strings attached
Most Muslim jurists argue that in order for Waqf to be legitimate, it should not be time-restricted, but forever. However, a few scholars, including Imam Malik, argue that time restrictions are permissible, meaning that an endower can offer his property for Waqf for a limited time, after which, he/she will regain ownership of the donation
The Waqf must be explicitly donated and ideally documented in order to avoid any disputes with the donor’s heirs.
Manchester Muslim Student Fund follows most Islamic jurists and therefore can only accept permanent Waqf donations.
By helping to ease poverty by providing funding in the form of bursaries and grants. We’ll support and create initiatives to:
info@mmsf.org.uk
Room SC3-1, First Floor Silicon City, IVY Business Centre LTD, Crown Street Failsworth, Manchester M35 9GB
