Finding another way…
As the Muslim communities in the UK grow, so do their needs. Despite being the most generous religious communities in the UK, giving more then £500 million in charitable causes each year, almost half of the population live in the most deprived regions in the UK. Charitable and other Third Sector organisations are stretched, increasingly competing for the same resources from the same communities they are trying to serve. Funding for causes is often short-term, one-off donations which don’t allow charities to plan long-term initiatives which are needed for lasting change and thus do what they can to make smaller and smaller interventions, providing band-aid solutions with the resources at their disposal.
As believers we believe that our Lord has given us solutions to every problem we face, Muslim civilisations of past and present used the vehicles of Waqf (pl. Awqaf) to provide sustainable, long term giving back to communities, continuously. Traditionally assets such as land or buildings were donated by the wealthy for the permanent benefit of the public. Examples would be farmland where the output would be distributed to the poor, universities and schools to provide an education for all and hospitals to treat the sick, regardless of what background.
The National Waqf Fund seeks to revive the institution of Waqf in our communities, enabling everyone to create the long term and sustainable change they want to see. We do this by pooling donations, investing in assets and distributing the profits to charities. The original donation never diminishes and thus each year, the amount you give to charity increases. In return, charities also get a reliable, long term income source that allows them to invest in projects and spend less time (and effort) fundraising.
“When a person dies, his deeds come to an end, except for three: ongoing charity (Sadaqah Jariyah), knowledge that is benefited from, and a righteous child who prays for him.”
(The Prophet Muhammad)
The National Waqf Fund seeks to establish operational and sustainable revenue streams for charitable causes through the efficient investment of donated assets by individuals and institutions.
A dynamic, self-sufficient and empowered Muslim community with established and sustainable institutions serving humanity.
Meet Our Team
Dedication | Skilled | Experience | Proven Track Record
Islamic Finance / Risk
Umer Suleman is an award-winning Islamic Finance and Risk professional who currently sits as an adviser on various Islamic Finance and Fintech organisations. He started his career in the Big 4 as part of the specialist Real Estate & Construction PFI team and has subsequently gone on to work in notable Financial Services institutions.
Third Sector / Operations
Kashif Shabir is founder and principle consultant at Ethical Consulting Group, specialising in Strategy development, Governance and Faith Based Giving. Kashif was the former Head of Knowledge Management and Learning at Oxfam and part of the Strategic Change Management Team at the British Red Cross and holds a Masters degree in NGO Management from CASS Business School.
Chartered Accountant & Treasury
Sohail Syed is a COO with International experience who qualified as Chartered Accountant and currently serves as Trustee for St John’s Iron Aid Trust. Sohail has previously worked in major financial services firms across the city managing key transformation and business programmes.
Dr. Sajid Umar
Sheikh Dr. Sajid Umar is a qualified Mufti and Judge with expertise in Islamic Finance. Dr. Sajid is the first British, English speaking graduate of the faculty of Shariah and also the first from the Higher Institute of Judiciary at Al-Imam Muhammad bin Saud Islamic University in Riyadh. He is an international lecturer and teacher, well known for sharing Islamic knowledge at every level.
Rizwan Rahman is a lawyer with expertise in Islamic finance, charity and employment law. He is an Associate at Gateway Islamic Advisory.
Naeem Muhammad is a Chartered Surveyor (MRICS) and a member of the Institute of Revenues Rating and Valuation (IRRV). Naeem has extensive experience in both the development and management of different real estate classes, and previously worked for industry leaders in Surveying.
Abu Bakar Azim
Data & Technology
Abu-Bakar Azim is a Digital Transformation Leader in the manufacturing and financial services sector. His key experience is in Data Visualisation – from defining strategy to delivering solutions. He places a great emphasis on innovation and how emerging tech can play a role in digital transformation.
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