AL-KHAIR FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that total income rose by 23% to £74.8 million, resulting in a net surplus of £5.3 million for the year. The charity holds £18.9 million in total reserves, with £13.4 million in unrestricted funds, which the trustees confirm exceeds the policy threshold and ensures strong liquidity. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The highest paid individual in the organisation is the Executive Chairman who was paid £57,624” — page 72
“One member of the Board of Trustees received remuneration amounting to £57,624 (2024: £53,003) for his services under the required dispensation from the Charity Commission for executive duties as Executive Chairman of the Charity.” — page 72
“The Charity paid a membership subscription of £25,000 to the Muslim Charities Forum (an advocacy body for the Muslim segment of the charity sector). Shuaib Yusaf is a trustee of the Muslim Charities Forum and is also the CEO of the Charity.” — page 77
“The Charity entered into an agreement with PakAID (a UK Registered Charity) for the delivery of Water, Sanitation and Hygiene (WASH), and poverty reduction programmes in Pakistan. One of the PakAID trustees (Almas Iqbal) is also a consultant of the Charity.” — page 77
“The Charity paid a membership subscription of £25,000 to the Muslim Charities Forum (an advocacy body for the Muslim segment of the charity sector). Shuaib Yusaf is a trustee of the Muslim Charities Forum and is also the CEO of the Charity.” — page 77
“The Charity entered into an agreement with PakAID (a UK Registered Charity) for the delivery of Water, Sanitation and Hygiene (WASH), and poverty reduction programmes in Pakistan. One of the PakAID trustees (Almas Iqbal) is also a consultant of the Charity.” — page 77
“The Charity paid a membership subscription of £25,000 to the Muslim Charities Forum (an advocacy body for the Muslim segment of the charity sector). Shuaib Yusaf is a trustee of the Muslim Charities Forum and is also the CEO of the Charity.” — page 77
“The Charity entered into an agreement with PakAID (a UK Registered Charity) for the delivery of Water, Sanitation and Hygiene (WASH), and poverty reduction programmes in Pakistan. One of the PakAID trustees (Almas Iqbal) is also a consultant of the Charity.” — page 77
“The Charity has four wholly owned subsidiaries. Channel I (UK) Limited, International TV Channel Limited, Runners TV Limited and Al Khair School Ltd” — page 76
Charity Commission inquiry
“Last month the Commission received a complaint alleging the charity and its partners had connections to Hamas, a proscribed terrorist organisation. It also alleged the charity had funded the organisation.”
“Due to the concerns of possible serious risk to charitable funds, the Commission has issued a legal order restricting certain financial transactions by the charity without the Commission’s prior consent.”
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Basil Nader
- DR M.J.H. QURESHI
- IMAM QASIM RASHID AHMAD
- MOHMED AYYUB SHAIKH
- SALMAN AHMAD BUKHARI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £74.8m | £69.5m |
| 31/07/2024 | £61.0m | £65.0m |
| 31/07/2023 | £31.3m | £32.4m |
| 31/07/2022 | £27.7m | £29.7m |
| 31/07/2021 | £26.0m | £25.4m |
Common questions
Is AL-KHAIR FOUNDATION financially healthy?
The accounts state that total income rose by 23% to £74.8 million, resulting in a net surplus of £5.3 million for the year. The charity holds £18.9 million in total reserves, with £13.4 million in unrestricted funds, which the trustees confirm exceeds the policy threshold and ensures strong liquidity. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Elliot, Woolfe & Rose Audit and Advisory Services LLP.
What does the highest-paid employee of AL-KHAIR FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.
Who funds AL-KHAIR FOUNDATION?
Funders whose own accounts filings name AL-KHAIR FOUNDATION as a grant recipient include SABEEL FOUNDATION, EPSOM AND EWELL ISLAMIC SOCIETY, THE DAKRI CHARITABLE TRUST, Indigent Welfare and Education Trust, THE CMA WELFARE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| SABEEL FOUNDATION | FY2023 | £226k |
| SABEEL FOUNDATION | FY2024 | £198k |
| EPSOM AND EWELL ISLAMIC SOCIETY | FY2023 | £30k |
| EPSOM AND EWELL ISLAMIC SOCIETY | FY2024 | £22k |
| THE DAKRI CHARITABLE TRUST | FY2024 | £4k |
| Indigent Welfare and Education Trust | FY2023 | £2k |
| THE CMA WELFARE TRUST | FY2023 | £2k |
| ZOUQ FOUNDATION | FY2024 | — |
| ZOUQ FOUNDATION | FY2024 | — |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |