About Us
Our accounting is done on a daily basis and hopefully will be on a real-time basis as upgrades are currently being studied to improve our systems with the view that donors will have immediate access to information on their waqf donations and progress of the organisation, inshallah.
Audited Annual Financial Statements for the year ended 28 February 2023 were signed off on 12 Augudt 2025. The latest audited Annual Financial Statements are for the financial year ended 28 February 2024 which were signed off by AWQAF SA auditors, Deloitte, on 5 December 2025. Annual Financial Statements for the year ended The latest AGM was held on 06 December 2025 when the Unaudited financials for the financial year ended 28 February 2025 were also considered and adopted subject to final audit. The Chairman’s Report and CEO Reports for the year ended 28 February 2025 were also presented. We await the completion of audit for the financial year 28 February 2025. These will be posted on this website as soon as our auditors sign them off. We regret the delays.
Awqaf SA is an ASSET BASED Islamic charitable endowment WAQF FUND.
Its Annual Financial Statements must be read and interpreted in the light of how the waqf system works.
View the Audited Annual Financial Statements for the year ended 28 February 2021.
View the CEO Report 2024 – 2025
View the Chairman’s Review 2024 – 2025
AGM approved financials
Waqf funds are capital in nature and may not be consumed.
Waqf funds are long term in nature and may not be spent on consumption expenditure.
Waqf Funds may only be invested in capital and infrastructure assets.
Awqaf SA has a 100% policy in terms of Waqf funds collected.
No commissions. No deductions.
100% of waqf funds donated by donors are credited to their waqf donation accounts.
These are temporarily held in profit sharing accounts for waqf investment opportunities.
Only waqf revenues may be used for downstream “care” / consumption and developmental projects, eg education, elders, healthcare, subsidies, stipends, etc.
Non-waqf revenues in the form of of general sadaqa/lillah may also be used for projects and programmes.
Awqaf SA needs to grow its waqf capital and asset base on a continuous basis to have the ongoing sustainable capacity to meet community needs.
Save for full-time staff, NO remuneration is paid to Mutawallees/ Patron Trustees/CEO/ Deputy CEO/ Secretariat/ Management Board/ Committee members.
Alhamdulillah, Awqaf SA is largely a volunteer-driven organisation.
Waqf Funds may be invested in income-generating/ productive assets or other social/religious infrastructure projects.
Awqaf SA aims to be the Community Sovereign/ Solidarity Fund of the Ummah.
As the Fund belongs to Allah, the Community Sovereign Fund becomes the protector and security, and “takaful” of the community to ensure that in both prosperous and lean times, the Ummah has self-sufficiency – inshallah. For this, support is needed for the whole community.
Waqf revenues represent the income generated from investment assets ie rentals, profits, dividends
