Islamic endowments and trusts (awqaf) are increasing exponentially across the Gulf Region and continue to play a significant role in the sustainable development of regional societies— both human and economic. It is estimated by the World Bank that globally, the value of assets held in and deployed through waqf structures range from USD 100 billion to USD 1 trillion.
While the institution of waqf offers a powerful mechanism to generate sustainable resources, financial sustainability has become one of the greatest challenges faced by waqf institutions regionally. Waqf institutions have the capacity to play a far greater role in the progression of social and economic development with education, health care, social welfare and other community-based programs. In order to make such contributions, there is a need to pay attention to the development of existing waqf assets to revitalise their purpose and capability to deliver these essential services both in the present and the future.
The proper management, governance, and deployment of waqf assets is imperative to achieving sustainable development by ensuring that the income generation of these awqaf are maximised and reach their full potential while ensuring their sustainability.
Led by David Russell QC, this webinar will highlight how to maximise social investment through awqaf, and underline international best practices in establishing, managing, sustaining and investing in awqaf.
The following topics will be discussed: