Posts Tagged ‘Umar’

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Saudis whip up waqf whirlwind

January 19, 2010

The Saudi-based International Islamic Relief Organization, which has been linked to terrorism, is poised to launch six major waqf (Islamic endowment) projects to propagate Islam worldwide. Beneficiaries will include 370 mosques, 30 madrassas, and 720 imams.  From the Khaleej Times on Jan. 16:

JEDDAH — The International Islamic Relief Organisation-Saudi Arabia (IIROSA) is to launch six endowment (waqf) projects in Makkah at a cost of over SR470 million, with annual returns of about SR45 million that will be used to finance the organisation’s relief and development projects.

Adnan Khalil Basha, IIROSA secretary general, told a Press conference on Sunday that the organisation has already, through the help of a number of philanthropists, purchased the lands on which the endowments will be constructed.

He said the projects were approved by IIROSA’s general assembly during its fourth meeting early last year.

The projects are:

  1. Bayat Allah Waqf, which is an 11-storey housing and commercial building in Al Khalediyah district costing SR160 million. The proceeds of this project will be used to build 370 mosques in 18 different countries.
  2. The Orphans Waqf in Ajyad, which is a 30-storey hotel costing SR80 million. Its proceeds will be used to sponsor 265,000 orphans in 28 countries.
  3. The Educational Care Waqf in Al Misfalah, which will be a 22-storey tower costing SR60 million. Revenue from this endowment will be used to finance the activities of 30 educational institutions around the world.
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