A Qatari endowment designed to build a new endowment out of its own returns each year

Qatar's Ministry of Awqaf and Islamic Affairs has received a QR2 million donation for Waqf Al Wuqoof, an endowment structured to fund a new endowment out of its own returns every year rather than distributing profit to beneficiaries directly. Housed under the ministry's wider Waqf for Righteousness and Piety fund, the mechanism compounds: each year's investment returns capitalise a fresh waqf, which then generates its own returns the following year, progressively expanding the total charitable asset base rather than drawing it down. It is a modest sum next to the billion-dollar sukuk and fund launches elsewhere this week, but the design is the point — a waqf built explicitly to keep manufacturing new waqfs is a governance choice about perpetuity, not a one-time gift, and it is the kind of structural detail that determines whether an endowment still exists in a century.

This is a QeRN summary by Ahmed Qerni. Read the original at The Peninsula Qatar: http://thepeninsulaqatar.com/article/15/09/2026/awqaf-ministry-receives-qr2m-endowment-for-waqf-al-wuqoof-initiative.