Islamic Finance

From charity to perpetuity: Developing the awqaf industry in the UK

| 28 March, 2017 | General
Shahbaz Mirza, DinarStandard
From charity to perpetuity: Developing the awqaf industry in the UK

Muslim charities in England and Wales raised 542 million pounds ($680 million) in three years from 31 March 2013. However, awqaf is a small proportion of this amount and is still at a nascent stage in the UK as a whole. But with 3 million Muslims and growing, and with British Muslims donating more in one of the most charitable countries in the world, there is a tremendous opportunity to develop the country’s awqaf industry.