 THE ORPHANS WAQF FUND
“PROVIDING FOR A BETTER FUTURE FOR ORPHANS IN SOUTH AFRICA”
The Orphans Endowment Waqf Fund provides for the needs of an
increasing number of orphaned children. With more than 2 million
orphans and 1000 people dying daily in South Africa from the aids
pandemic, the need for long term initiatives to meet the needs of
orphaned children is very urgent.
The Orphans Endowment Waqf Fund is the ideal vehicle for generating a
continuing source of funds for the purpose of providing assistance and
support for the most vulnerable members of our community. At the
same time making a donation to the Orphans Endowment Waqf Fund will be
continuing source of reward for the donor.
Orphans Endowment Waqf Fund
Orphans Endowment Waqf Fund has been established by Islamic Relief
Worldwide South Africa in partnership with Iqraa Trust and Albaraka
Bank to provide a secure and self-sustaining source of funds
specifically to support orphans and vulnerable children in South
Africa. An Independent Registered Fund will be established and managed by
the three partners.
How The Orphans Endowment Waqf
Fund works
For as little as R 500, which you can contribute as a lump
sum or as in instalments, you can acquire an Orphans Endowment Waqf
Fund Share for which you will receive a Waqf Certificate. After
deducting an administration fee of R 50 the balance of R 450 will be
invested in Albaraka Bank.
- At the end of each financial year, the largest proportion
(approximately 80%) of the profits will be used to address the basic
needs, and development of the orphans and vulnerable children.
- A proportion (approximately 10%) will be added to the original
capital sum in order to increase and preserve its value.
- A proportion (approximately 10%) will be utilised for the
administration of the Orphans Endowment Waqf Fund.
Click Here to download an Orphans Endowment Waqf
Fund Application Form
 
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