MIB GIA Certificate

First Waqf Fund established

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.
(Ṣaḥīḥ Muslim)

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).”
(Sahih al-Bukhari)

May Allah enable us to practice charity regularly and reward us for our efforts.

Join us now to start your sustainable Giving journey.

Published by

Maldivian Community Foundation

The Maldivian Community Foundation (MCF) is a non-governmental, non-profit organisation registered at the Ministry of Youth, Sports and Community Empowerment of the Maldives (reg. no. CR/158/2019), and registered as a tax exempt organisation at the Maldives Inland Revenue Authority. Its mission is to enable individuals, communities and partners to sustainably administer their charitable and philanthropic aspirations. It does this through the management of donated funds and disbursement of grants, scholarships and financial aid. We aim to follow the well-established community foundation model, tweaking it to the Maldivian context, and thereby positioning ourselves as the premier fundraising and grant making organisation in the country. We plan to provide tools and instruments for the Maldivian community to partake in perpetual charity (sadagah jariyah) and philanthropy, and support the non-governmental sector by providing grants and technical assistance. We would also be working closely with the government and national development partners to strengthen the governance and accountability of the non-profit sector.

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