Integrating Waqf and Financial Sector by Habib Ahmed
Integrating Waqf and Financial Sector by Habib Ahmed
Integrating Waqf and Financial Sector by Habib Ahmed
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<strong>Waqf</strong> Financing Through Sukuk (2)<br />
Singapore—Musharakah sukuk used to raise $60<br />
million to develop 2 projects<br />
<strong>Waqf</strong> provided the l<strong>and</strong>, the investors (sukuk holders)<br />
provided the funds for investment, <strong>and</strong> Warees<br />
managed the project.<br />
In one case, a new mosque was built with attached<br />
commercial property earning $200,000 annually<br />
18
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