A framework built for giving
How contributors, ASICO Development and Awqaf Dubai work together to create lasting charitable income.
How the waqf model works
Through the Husna initiative, we propose the following framework.
Development and waqf offering
ASICO Development designs and develops the endowed lands and offers them as waqf residential units for donors. Units are financed by contributors, individuals or companies.
Donation model
The waqfs are developed and offered for contribution at cost price on behalf of Awqaf Dubai, securing a continuous revenue stream to fund its charitable initiatives over the long term.
Giving open to a wider audience
Few waqf options are currently available to non-GCC nationals. Under this model the waqf opens to people of all nationalities in the UAE, increasing contributions.
Every contributor chooses the kind of waqf
Each contributor selects the purpose their waqf will serve:
- 01
Educational
- 02
Health
- 03
Charitable
Want to know more about contributing?
ASICO Real Estate oversees the waqf contribution process for the units.