Mohammed Abdullah Al-Harami, Director of the Investment Department
Doha, Qatar: The General Department of Endowments at the Ministry of Awqaf and Islamic Affairs has officially registered a testamentary legacy consisting of one-third of a benefactor’s estate.
This significant contribution encompasses a diverse range of movable and immovable assets, including real estate holdings, corporate shares, and cash balances.
The returns from these assets are designated for the “Waqf al-Waquf” initiative under the Endowment Fund for Piety and Charity, managed directly by the General Department of Endowments.
The registration was finalised through a documented endowment deed which serves to protect the donor’s specific conditions while ensuring the legal and Sharia-compliant execution of the trust. This legacy marks the donor’s first institutional endowment, signaling an advanced awareness of how professional management can transform individual wills into sustainable development engines.
By directing the proceeds to “Waqf al-Waquf,” the endo-wment adopts a strategy of cumulative growth where returns are reinvested to establish new endowments annually, thereby magnifying the long-term charitable impact.
Mohammed Abdullah Al-Harami, Director of the Investment Department, stated that this legacy represents a sophisticated model of estate planning. He noted that choosing the “Waqf al-Waquf” pathway reflects a deep understanding of endowment investment, as it balances the preservation of the original capital with the generation of stable returns.
The Investment Department plays a pivotal role in this process by proposing investment systems, managing real estate portfolios, and conducting rigorous studies on potential market opportunities to ensure returns are competitive with similar market projects. Furthermore, the department maintains a comprehensive system of governance and transparency. This includes the regular evaluation of endowed assets, the maintenance of precise accounting records, and the submission of periodic reports to relevant authorities.
Such oversight is designed to build donor confidence and ensure that the assets are grown efficiently. The increasing number of such legacies across the community indicates a maturing culture of “Sadaqah Jariyah,” where benefactors seek to leave a lasting legacy that provides continuous benefits to society long after their passing.
This modern approach to endowments moves beyond simply preserving an asset; it focuses on active financial management and the continuous creation of new charitable resources. It reinforces the role of the endowment as a proactive developmental partner in society, capable of adapting to modern economic shifts while remaining rooted in traditional values of faith and community support.
