Alhamdulillah. Our first Waqf Fund has been established as a General Investment Account of the Maldives Islamic Bank. The principal invested amount in the Waqf Fund will remain invested and the profits from the investment will be used to provide aid and assistance to those in need and for other activities of the Maldivian Community Foundation. Since the principal amount will always be re-invested, the Waqf fund will be a source of Sadagah for the donors in continuity.
This Waqf fund has been established with 50% of the donations of 37 individual donors and 3 Legacy Funds that have been established by families in the name of their loved ones who have passed away.
Abu Mas’ud reported: A man came with a bridled camel and he said,
“This is in the way of Allah.”
The Messenger of Allah (ﷺ) said,
“You will have for it seven hundred camels on the Day of Resurrection; each of them will be bridled.”
While the average person may not have the means to give Sadagah in large quantities or establish large Waqf funds, our combined efforts can create a source of benefit and reward for our Hereafter, In Sha Allah.
Narrated Abu Huraira: A man came to the Prophet (ﷺ) and asked,
“O Allah’s Messenger (ﷺ)! Which charity is the most superior in reward?”
He (ﷺ) replied,
“The charity which you practice while you are healthy, niggardly and afraid of poverty and wish to become wealthy. Do not delay it to the time of approaching death and then say, ‘Give so much to such and such, and so much to such and such.’ And it has already belonged to such and such (as it is too late).”
May Allah enable us to practice charity regularly and reward us for our efforts.
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