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Endowment Fund Update - October 2026
Endowment Fund Update - October 2026
Thank you to everyone who has supported the establishment of the As‑Siddiq Endowment Fund. Your generosity and trust continue to move this important initiative forward. We pray that Allah (ﷻ) continues to bless you and your family with health, wealth, and happiness.
Over the past several months, the As-Siddiq Finance Committee has:
Researched multiple structural and legal options for creating a sustainable, compliant endowment
Identified potential candidates to serve on the Endowment Fund’s Board of Directors
Placed all contributions received into a separate bank account reserved for the waqf/endowment and investments
Next Steps:
Here are our current actions along with estimated target dates.
Take action to get the collected funds invested as quickly as possible (December 2026).
Select and hire an attorney to formally establish the Endowment Fund (February 2027).
Finalize and appoint the Waqf Board of Directors (May 2027).
This endowment will help secure the long‑term financial stability of Masjid As‑Siddiq, ensuring that our programs, services, and community support continue for generations to come. Thank you for being part of this effort.
Some Information about a Waqf.
Some Information about a Waqf.
At its core, a Waqf is about preserving the gift and using its returns to serve the community. Here’s how it works for our masjid:
Your Contribution Becomes a Permanent Asset
Your Contribution Becomes a Permanent Asset
When you donate — whether it’s cash, property, land, or a portion of business profits — it will become part of a permanent endowment fund dedicated to Allah (ﷻ).
Cash is invested in halal, income-producing ventures.
Property & land are rented or developed, generating ongoing income.
Business shares allow a percentage of profits to go toward the Waqf every year.
The goal is for the original asset to be preserved — primarily, the returns are used, so your gift keeps working for generations.
Profits Support Masjid As-Siddiq’s Mission
Profits Support Masjid As-Siddiq’s Mission
The returns from the endowment fund, once established, will support our core priorities, including:
Education – Weekend madrassa, Qur’an programs, youth mentorship, Islamic scholarships.
Facilities & Recreation – Expanding prayer spaces, classrooms, recreation areas, parking, and accessibility.
Social Services – Food distribution, emergency aid, mental health support, and a masjid-operated funeral home.
Operations – Staff salaries, utilities, and ongoing program costs so services remain uninterrupted.
Your Reward Continues Without End
Your Reward Continues Without End
Because the original donation is invested and benefits keep flowing, your contribution is sadaqah jāriyah — ongoing charity. Every prayer in the masjid, every child learning Qur’an, every family supported — you share in the reward for as long as the Waqf exists.
Important: All donations to the waqf/endowment currently goes to the As-Siddiq Muslim Organization and will be transferred to the Endowment Fund once its permanently established.
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