Money held
for someone else.
Trust money answers to a different standard.
Zakat and waqf are not products. They are an obligation and an endowment held on behalf of others, and the governance question is the same in both: can you show where the money came from, where it went, and on what basis.
We advise funds, charities, banks and platforms on calculation, eligibility and distribution, and on waqf structures meant to outlive their founders.
What comes up in zakat and waqf.
- What is zakatable.Stock, receivables, restricted cash and holdings in funds each carry their own treatment, and the answer changes the number.
- Transfer of ownership.Zakat has to reach an eligible recipient. Structures that stop short of that transfer are the most common finding we make.
- Timing.A zakat year that moves with convenience rather than with the calendar leaves a gap someone will eventually audit.
- The waqf corpus.Preserving the endowment while investing it is a balance the founding deed has to settle, not the investment committee.
We publish the standard.
All insights →
Designing a Transformative Programme with Islamic Social Finance Instruments
Introduction One of the hallmarks of Islam is the prominence of social finance. The early revelation is categoric and clear on two elements: duty to Allah and duty…
The Convergence of Institutional Islamic Finance and Grassroots Islamic Finance
It is common to read about the Islamic Finance industry worth over £3 trillion USD, with Islamic banking having the lion’s share of the market; According to…
Combining Business and Hajj, Profit and Spirit
The greatest days of the year are the first ten days of Dhul Hijjah. The Prophet (sallallahu’alayhi wasallam) said: ‘There is no day more honourable in Allah’s…
Creating a Waqf-Based Economy: The Inter-Mosque Money Market
Imagine the impact of a network of a thousand mosques, each of which had one million pounds in assets under management, giving a combined market value of one…
What can Islamic Finance learn from Hajj?
Everything in Islam is related; the different pillars all have connections. There are patterns within Islam that appear the more you observe and the more you…
Is Crypto Halal? (2026) – Research Paper
In late June 2026, at the direction of Shaykh al-Islam Mufti Taqi Uthmani (Ḥafiẓahullah), I was invited by the Darul Iftaa Committee of Darul Uloom Karachi to present research on the Sharīʿah classification of digital assets…