The Gulf Endowments Center for Endowment Consultancy (Waqfi) is one of the strategic entities that are concerned with spreading the culture of endowment among the community in its desire to share the reward of endowments and to contribute to the community's enjoyment of endowments that are established according to standards that achieve sustainability and the developmental role of endowments in society.

Waqfi

Waqfi Center has benefited from the expertise and experience of its qualified cadres in managing and developing endowments, making them grow, achieving ambitious numbers in the real estate market, and we list here two endowments that are considered a great example of the ability of endowments to invest themselves and achieve great rewards for their owners.

Here are two endowments that are a great example of the ability of endowments to invest themselves and achieve great rewards.

First: Aisha Al-Murshid Endowment

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Aisha Al-Murshid, may Allah have mercy on her, in 1213 AH, endowed a piece of land outside Al-Rass governorate and made it available for Quran memorizers, and the endowment remained unknown for nearly two hundred years until the judge of Al-Rass at the time, Sheikh Abdul Aziz Al-Humayn, so the endowment land became a few years ago inside the country and was sold for thirty million riyals to the Quran Society in Al-Rass, and now the value of the endowment is estimated at 150 million, Aisha Al-Murshid had no known descendants, but her endowment was recovered after it was lost, so if the intention is correct, God accepts the work.

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Second: Haji Rahim Turkistani Waqf:

Rahim al-Turkistani, may God have mercy on him, established an endowment in Makkah in 1307 AH with a property consisting of only two rooms, and in 1389 AH its income became three hundred thousand riyals, and in 1416 AH the endowment owned three towers in Makkah, then the endowment got a big leap when a university professor took over its care In 1433 AH, the endowment owned eleven towers in Makkah, one of which was valued at four hundred million riyals, and after the recent expansion, some of the towers of this endowment became close, overlooking the Haram Square directly.

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Important tips for endowments

Before proceeding with the documentation of the endowment, the endower should review his endowment himself to ensure that the document takes into account his intention and fulfills his conditions and wishes.

- We advise that the endowment should ensure that the endowment does not violate the Shari'ah in the identification of the endowed property or in the manner of its endowment and the utilization of its expenses and rents.

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- Pay attention to setting the banks of the endowment in an orderly and clear manner, so that understandings do not differ in defining the intended purpose, and establishing a flexible mechanism for disbursement; because some banks may be available at one time, but not another.

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- We recommend taking an inventory of the endowed objects, writing down everything related to the endowed object, and designating it accurately and clearly, leaving no room for doubt, and should be based on official documents proving the endowed object's ownership and freedom of disposal; to be closer to achieving his intention, and to take into account the legal interest of the endowment, and away from future disputes.

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- We recommend that it should be one of the main expenses of the waqf: Spending on the maintenance and operation of the waqf; by allocating a percentage of the rent to it, which is prior to all other expenses, to achieve the safety of the waqf, and ensure its continuity and continuity.

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- We advise that one of the basic endowment expenses should be the investment of the endowment, by allocating a percentage of the rent to it, to ensure the growth and continuation of the endowment - God willing.

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