Profits generated from this endowment are given away as charity!
When ‘Umar ibn al-Khattab acquired a piece of land and asked the Prophet (PBUH) how best to use it, the Prophet advised him to establish it as waqf: “Make the land inalienable (unable to be sold or given away), and give its profit away as charity.” The harvest and profits of this land were then donated to the poor, travelers through the land, and others who were in need. Over the centuries, this tradition was continued. Land and buildings have frequently been given as waqf and used to build schools, hospitals, and mosques amongst other functions to benefit the community.
Today, modern Islamic charitable organizations accept monetary donations as waqf, investing the money wisely (for example, purchasing property to be rented out) and using the profits to fund their development programs and help the poorest communities around the world.
Once we reach at least $50,000 in this campaign, we will begin to research certain investment.