On this occasion of Eid-ul-Fitr, our focus is directed on helping and making a difference to the lives of fellow South Africans who find themselves confronted by dire economic consequences and continuous hardship. We at FNB Islamic Banking were looking towards a solution that would secure the basic dignity of our community by providing, in perpetuity, the basic human need of a daily meal.
In this regard, FNB Islamic Banking has contributed toward the establishment of the Awqaf SA – Share the Care Food Security Waqf, whereby a R100m National South African Food Security Endowment will be established through Awqaf SA.
“The example of those who spend their wealth in the cause of Allah, is like the attribute of a grain of corn, which sprouts seven ears, each ear bearing a hundred grains. Allah gives manifold increase to whom He wills. Allah is Bountiful, All-Knowing”
Verse 261-Surah Al Bakarah
We pray that this bold initiative anchors its roots deep into our hearts and this Waqf grows into a powerful mechanism that alleviates the suffering of so many in our country. The idea of the Waqf was formalised by the Prophet Muhammad, peace and blessings be upon him, whereby it is defined as a voluntary, permanent, irrevocable dedication made in cash or kind to the Almighty. The Waqf never gets gifted, inherited, or sold. It belongs to the Almighty and the corpus of the Waqf always remains intact. The fruits of the Waqf may be utilised for any Shari’ah-compliant charitable purpose, be they for those in need today, or for future generations to come.
FNB Islamic Banking is committed to helping and empowering our communities through meaningful relationships.
With all the love, blessings, and peace that this joyous day brings we wish you and your family Eid Saeed.
Amman Muhammad and the FNB Islamic Banking Team