NATIONAL WAQF FUND
Islamic endowment management
Objects
FOR THE PUBLIC BENEFIT AND AS A PRACTICAL EXPRESSION OF THE ISLAMIC FAITH, TO ADVANCE SUCH CHARITABLE PURPOSES AS THE CHARITY TRUSTEES FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION THINK FIT BY PROVIDING GRANTS TO CHARITIES AND ORGANISATIONS WHO FOCUS ON: 2.1 THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF PROGRAMS THAT SPECIFICALLY TARGET THE EDUCATION OF CHILDREN AS WELL AS ADULTS, THROUGH INFRASTRUCTURE, TRAINING AND SCHOLARSHIP PROGRAMMES. 2.2 TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITY IN THE UK IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY, AND HELP MEET, THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY. 2.3 THE PROMOTION OF RACIAL AND RELIGIOUS HARMONY FOR THE PUBLIC BENEFIT BY: * PROMOTING KNOWLEDGE AND MUTUAL UNDERSTANDING BETWEEN DIFFERENT RACIAL AND RELIGIOUS GROUPS;* ADVANCING EDUCATION AND RAISING AWARENESS ABOUT DIFFERENT RACIAL AND RELIGIOUS GROUPS TO PROMOTE GOOD RELATIONS BETWEEN PERSONS OF DIFFERENT RACIAL AND RELIGIOUS GROUPS;* WORKING TOWARDS THE ELIMINATION OF DISCRIMINATION ON THE GROUNDS OF RACE OR RELIGION. 2.4 THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISION OF: * RELIEF AND ASSISTANCE TO PEOPLE WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE IN PARTICULAR BY THE SUPPLY OF MEDICAL AID TO SUCH PERSONS;* GOODS/SERVICES TO THOSE IN POVERTY OR FINANCIAL HARDSHIP WHICH THEY COULD NOT OTHERWISE AFFORD THROUGH LACK OF MEANS;* EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT. 2.5 TO ASSIST IN THE TREATMENT AND CARE OF PERSONS SUFFERING FROM MENTAL OR PHYSICAL ILLNESS OF ANY DESCRIPTION OR IN NEED OF REHABILITATION AS A RESULT OF SUCH ILLNESS, BY THE PROVISION OF FACILITIES FOR WORK AND RECREATION. 2.6 SUCH OTHER PURPOSES WHICH MAY BE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES.
Financial health, per its FY2024 accounts
The accounts state that total funding received increased significantly to £1,913,239, resulting in unrestricted reserves of £361,242. The trustees report that the charity remains reliant on separate donations to cover operational expenditures in the short-to-medium term. However, the independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“During the year, one of the trustees received a fee of £8,500 (2023: £2,040) for services provided to The Waqf.” — page 40
“During the year, one of the trustees received a fee of £8,500 (2023: £2,040) for services provided to The Waqf.” — page 40
“The company owned by the key donor also gave a loan of £1.3 million to the Waqf. This was treated at arm's length.” — page 40
“During the year, one of the trustees received a fee of £8,500 (2023: £2,040) for services provided to The Waqf.” — page 40
“The company owned by the key donor also gave a loan of £1.3 million to the Waqf. This was treated at arm's length.” — page 40
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Structured financials (annual return, FY ending 09/12/2024)
Trustees
- Mohmed Tahir Talatichair
- Muhammad Anas Muqtedar Khan
- Umer Suleman
- Wahid Azizi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 09/12/2024 | £1.9m | £379k |
| 09/12/2023 | £468k | £242k |
| 09/12/2022 | £24k | £3k |
Common questions
Is NATIONAL WAQF FUND financially healthy?
Per its FY2024 accounts: The accounts state that total funding received increased significantly to £1,913,239, resulting in unrestricted reserves of £361,242. The trustees report that the charity remains reliant on separate donations to cover operational expenditures in the short-to-medium term. However, the independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Prestons & Jacksons Partnership LLP.
Who funds NATIONAL WAQF FUND?
Funders whose own accounts filings name NATIONAL WAQF FUND as a grant recipient include KINDGIVING FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| KINDGIVING FOUNDATION | FY2024 | £25k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MOTHER AND CHILD WELFARE ORGANISATION | 1 | £1k |
Charities like this
- THE WAQF FUND
- INTERNATIONAL WAQF FUND
- HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE
- UNITED KINGDOM ISLAMIC MISSION
- THE WAQF TRUST
- UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NATIONAL WAQF FUND | £1.9m | — | 0 | unclear | — | no doubt |
| THE WAQF FUND | £563k | — | 0 | unclear | — | no doubt |
| INTERNATIONAL WAQF FUND | £491k | — | 1 | above | — | no doubt |
| HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE | £129k | — | 0 | unclear | — | no doubt |
| UNITED KINGDOM ISLAMIC MISSION | £338k | — | 0 | unclear | — | no doubt |
| THE WAQF TRUST | £106k | — | 0 | unclear | — | no doubt |