What is a Waqf?

Waqf is a financial charitable institution established by withholding one’s property to eternally spend its revenue on fulfilling certain needs depending on the choice and conditions made by the ‘waqef’ or the person who owns the property.

Simply, a Waqf is where assets such as money or business holding or real estate are put aside for the benefit of the others and the future.


Inspired by the historical concept of a Waqf, an inalienable religious endowment, the Islamic Association of Raleigh aims to empower the long term financial health of the greater Raleigh Muslim community and provide halal financing collateral for strategic community development projects.


The Islamic Association of Raleigh Endowment is a private quasi-endowment fund established in 2008 by the Islamic Association of Raleigh Majlis Al-Shura. The Endowment’s mission is to serve the Islamic Association of Raleigh by supporting selected programs for scholarships, education, community enhancement or other like- minded activities.

What is IAR's Endowment?

IAR has a goal of reaching $5 million by the end of 2023, this goal is only possible through your contributions. Please check out each of the options to see how you can make the most impact.

$1,378,624.75 23.766%

Ways to Give

Estate Planning

Reduce the tax load on your heirs, ensure your estate is divided according to sharia principles, and create a sadaqa jariah for your community.

Loan Agreement

Support your masjid via a zero interest loan.


Join your masjid by becoming a partner in our endowment. Choose the term of your investment and at maturity, enjoy 50% of all proceeds.

Endowment Team

Endowment Board of Trustees

  • Hesham Abdelbaky
  • Muamar Dahnoun
  • Muquarrab Qureshi
  • Nadia Khan
  • Ahmad Quqa 

Term: 5 years (2022-2027)

Advisor: Farooq Cheema

Fundraising Manager: Kashif Osamn

Consultants: Don Kandel, Yaser Ali