What is an Asset-Based Waqf?
If you own assets like land, property, a farm, a business, shares, sukuk, or other types of financial instruments, you have the option to dedicate all or part of these assets as a Waqf for a specific charitable purpose. The concept of Waqf is a form of endowment where the asset is permanently designated for charitable use, with the principal remaining intact while the benefits or income generated from it are directed towards the intended cause.
Once an asset is declared as Waqf, it is "locked" for that charitable purpose indefinitely. This means that the asset can never be sold, transferred, or used for any other personal or commercial purposes. The value or income it generates—whether it's rental income from property, profits from a business, or dividends from shares—will consistently contribute to the charitable cause. This could include funding educational initiatives, supporting healthcare services, aiding the needy, or any other philanthropic objectives.
In essence, dedicating an asset as a Waqf not only ensures that the original value is preserved but also that the benefits from the asset continue to serve the community and create lasting impact for generations. It is a powerful way to contribute to society while also securing ongoing rewards for the donor, often viewed as a form of sadaqah jariyah (continuous charity).
Dedicating an asset as a Waqf ensures it continues to serve communities and create lasting impact for generations.
The Benefits
Create Perpetual Impact
Support a shared Endowment Fund to drive long-term community growth.
Empower Our Community
Create a unique endowment aligned with your values and philanthropic goals.
Earn Ongoing Rewards
Fulfill the principles of Sadaqah Jariyah while leaving a legacy.
Ensure Resilience & Growth
Build a scalable, reliable source of funding that thrives even in challenging times.
Types of Assets Eligible for Waqf
Real Estate & Land
Shariah Compliant Shares
Cash
Sukuk Investments
Leaving an Asset-Based Waqf with Awqaf Australia
Explore the options with our team
Proposal from Awqaf Australia
Prepare a formal deed
Choose a name for your Waqf
Review progress through your portal
Case Study: 132-136 Haldon St Lakemba
Donors
In 2013, as Sydney based family led the generous donation of the block at 132-136 Haldon Street, Lakemba, as a Waqf. This Waqf was established in honor of the donors' parents and was named The Parents’ Waqf.
In 2016, the development of the block was completed, resulting in a purpose-built, multifunctional space with designated areas for charitable services, religious activities, community use, and other purposes.
Charitable Objective
The donors envisioned creating a space that would address the needs of the community, providing a lasting and meaningful impact. By establishing this space, they also aimed to engage in sadaqah-jariyah, a form of ongoing charity, on behalf of their parents. This selfless act ensures that their parents would continue to receive spiritual rewards indefinitely, even after their passing, as the benefits of the charitable services and community support provided through the space would be perpetual. The donors' intention was to create a legacy that would not only serve the immediate needs of the community but also generate continuous blessings for their parents for generations to come.
Use of Premises
The Waqf building currently serves several vital purposes, contributing to the community and the work of Awqaf Australia. It houses the principal office and headquarters of Awqaf Australia and its subsidiary entities, facilitating the administration of their charitable activities. Additionally, the building supports a wide range of community events and initiatives.These diverse functions highlight the premises' significance as a hub for charitable activities, community engagement, religious practice, and education.
