What is a Waqf Fund?
Waqf is a charitable donation in form of property or money or other valuable items which are used only to bring a return but can never be spent or disposed of. This makes Waqf a prime form of continuous charity or Sadaqah Jariah and hence, it induces giving year after year.
How much does a Waqf Fund share cost?
The cost of a Waqf Fund share is £550 and it has an additional £50 lifetime administration charge.
Why is there an administration charge?
The administration charge is taken to cover up our cost and the cost of IBB which are associated with the administration of the Waqf Fund. This charge is a lump sum charge and it is to be paid only once during the entire administration lifetime of the investment made.