Endowment Fund

WHAT IS A WAQF OR ENDOWMENT?

Al Falah Center’s Sustainers Circle follows Islamic principles of endowments, also known as a Waqf. A Waqf is a religious endowment that is voluntary, permanent, and irrevocable. One dedicates a portion of their wealth, in cash or in-kind (e.g. a house or garden), and its disbursement, for Shariah-compliant projects. Once a Waqf is created, it can never be donated as a gift, inherited, or sold.

An endowment is an investment that grows over the long term, where the principal remains intact and the earnings are used for charitable causes. This protects the earning power and enables donors and nonprofit organizations to continuously donate earnings or grow endowments by reinvesting them in the principal.

WHY ESTABLISH AN ENDOWMENT?

According to a famous hadith, “When a person dies, his deeds come to an end except for three: Sadaqah Jariyah (ongoing charity), a beneficial knowledge, or a righteous child who prays for him.” The establishment of a Waqf through Al Falah Center’s Sustainers Circle not only creates a continuous charity that brings ongoing contributions to the organization for perpetuity, but also promotes the seeking of beneficial knowledge and a means of ongoing gratitude and duaa for our donors.

The following are a few of the many benefits to joining Alfalah’s Sustainers Circle and establishing an endowment fund:

Establish a Sadaqah Jariyah

An endowment fund allows you to establish an ongoing charity that benefits the masjid and continues to bring reward in this life and the next.

Preserve Your Priorities & Values

Your endowment ensures that the programs most important to you will always remain in place.

Sustain Al Falah Center for Future Growth

Your endowment creates a safety net that allows the masjid to expand and grow while keeping vital programs secure.

Leave Behind a Lasting Legacy

Donations to endowments survive beyond your lifetime, preserving your values for generations.

Easy & Intelligent Development

An endowment is a meaningful investment into both our programmatic and operational development, without the burden of managing the funds.

WHAT ARE THE BENEFITS?

Besides the spiritual reward of establishing an ongoing charity, Al Falah Center offers special benefits to Sustainers Circle members:

Receive an annual Sustainers Circle report showing the impact of your waqf.
Receive special recognition as a member of the Sustainers Circle.
When donating as a business sponsor, receive marketing rights to share your commitment with your clients and community.
Receive a distinguished Sustainers Circle plaque.
May create your own scholarship(s) and name them in honor or memory of a loved one.

WHAT ARE THE STEPS?

Three simple steps to establish an Endowment Fund through Al Falah Center’s Sustainers Circle:

STEP ONE: An Al Falah Center endowment starts at $25,000. You may continue investing up to $50,000 to create a named scholarship.

STEP TWO: Contact us at Treasurer@alfalahcenter.org to discuss your options.

STEP THREE: We will email you your endowment agreement. Sign and return it. Congratulations, you are now an Al Falah Center Sustainer!

QUESTIONS?

For questions about the Sustainers Circle or setting up an endowment, please email: info@alfalahcenter.org