IQRAA Trust was established in 1994 by Albaraka Bank. IQRAA Trust is a registered trust. The beneficiaries of the trust are charitable,welfare and educational institutions which are engaged in humanitarian activities.

Over the years the Trust has facilitated and promoted capacity building within organisations by funding the development of infrastructure, equipment and the acquisition of skills. The Trust has also provided assistance for humanitarian programmes and projects designed to alleviate the effects of poverty and disease, for drug rehabilitation and to provide relief for the victims of domestic violence and sexual abuse. The scope of the Trust's activities covers the fields of education, health, welfare and social development. In emergencies the Trust has also provided assistance for disaster relief.