Awqaf SA Empowering Communities (Waqf Al Tijarah)
The Waqf Al Tijarah is for persons who wish to make a Waqf of a percentage of either business turnover or profits. It is also recommended that you make an intention to make a Waqf from a specific transaction or deal. Nowadays, you may also include Awqaf SA as beneficiary as part of an BEE Empowerment Deal. The % is entirely voluntary. The amount could be banked directly by direct deposit or electronic transfer, either occasionally or regularly.
A debit order facility could also be arranged. The Waqf may be designated or discretionary. It is recommended that a written Waqfiyyah or deed be completed for designated Waqfs.
Key Benefits
- Blessings in business
- Community reinvestment / Social responsibility
- Community support for business
- Growth of Waqf funds can be fast-tracked
