QURANIC ARABIC FOUNDATION
The teaching of courses with DVDs on Qur'anic Arabic are benefiting adults male and female in Birmingham but thousands of people internationally on satellite TV. The QAF project on Bayt al-Qur'an, the House of Wisdom and Peace, the first of its kind in the West. It will attract scholars from the world over, who will be benefiting from a large number of Arabic manuscripts in Europe.
Financial health, per its FY2024 accounts
The accounts state that unrestricted net assets increased from £588,244 to £596,151, driven by a net income of £7,907 compared to a deficit in the prior year. The charity holds unrestricted reserves of £596,151, with no stated reserves policy target to compare against. Cash at bank and in hand stands at £339,043, indicating strong liquidity against current liabilities of £6,036.
What the accounts disclose
Trustees
- ASIM HAFEEZ
- Dr ABDUL HAFEEZ
- Dr AHMED SULIMAN MOOSA
- HAROON RASHID
- MASAYOOD KHAN
- MUSHTAQ KHAN
- PROFESSOR AFTAB AHMED GHARDA
- TARIQ SURTY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £23k |
| 31/12/2023 | £26k | £29k |
| 31/12/2022 | £57k | £28k |
| 31/12/2021 | £36k | £27k |
| 31/12/2020 | £50k | £26k |
Common questions
Is QURANIC ARABIC FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted net assets increased from £588,244 to £596,151, driven by a net income of £7,907 compared to a deficit in the prior year. The charity holds unrestricted reserves of £596,151, with no stated reserves policy target to compare against. Cash at bank and in hand stands at £339,043, indicating strong liquidity against current liabilities of £6,036. Its FY2024 accounts were independently examined.