Annual Financial Statements
Awqaf SA Annual Financial Statements are audited annually.
Our accounting is done on a daily basis and hopefully will be on a real-time basis as upgrades are currently being studied to improve our systems with the view that donors will have immediate access to information on their waqf donations and progress of the organisation, inshallah.
Audited Annual Financial Statements for the year ended 28 February 2023 were signed off on 12 Augudt 2025. The latest audited Annual Financial Statements are for the financial year ended 28 February 2024 which were signed off by AWQAF SA auditors, Deloitte, on 5 December 2025. Annual Financial Statements for the year ended The latest AGM was held on 06 December 2025 when the Unaudited financials for the financial year ended 28 February 2025 were also considered and adopted subject to final audit. The Chairman’s Report and CEO Reports for the year ended 28 February 2025 were also presented. We await the completion of audit for the financial year 28 February 2025. These will be posted on this website as soon as our auditors sign them off. We regret the delays.
Awqaf SA is an ASSET BASED Islamic charitable endowment WAQF FUND. Its Annual Financial Statements must be read and interpreted in the light of how the waqf system works.
2025
2025
AGM approved financials
2024
CEO Report
View the CEO Report 2024 – 2025
2024
Audited financials
Chairman’s Review
View the Chairman’s Review 2024 – 2025
2023
2023
Audited financials
2022
2022
Audited financials
2021
28 February 2021
View the Audited Annual Financial Statements for the year ended 28 February 2021.
Waqf Capital Principle
Waqf funds are capital in nature and are preserved permanently. They are not consumed but maintained to generate sustainable income for community benefit.
Investment of Waqf Assets
Waqf funds are long term in nature and may not be spent on consumption expenditure.
Revenue & Financial Flow
Waqf Funds may only be invested in capital and infrastructure assets.
Use of Funds
Only waqf revenues are used for community projects including education, healthcare, welfare support, and development initiatives.
100% Donation Policy
These are temporarily held in profit sharing accounts for waqf investment opportunities.
Governance & Structure
Awqaf SA operates largely through a volunteer-driven structure, with leadership and governance ensuring responsible management of waqf assets.
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