Collections and Fund Raising
IDM QURAN WAQF PROJECT
[A] Rationale for the project
It is known that one of the best applications of Sadaqa Jaariah (everlasting reward) or Esaale Sawab donations (donations on behalf of late beloved relative or friend) is a Quran (Musâhaf) Waqf. The Scholars claim that for every sentence, line or even letter, (e.g. Alif, Laam, Meem) read by the recipient from that donated Quran, for years to come, besides the Knowledge gained (by reading the Quran in the appropriate translation), a portion of that reward will go to the sponsor or donor, that will count in the Hereafter, InshaâAllah This is an immense motivation.
Furthermore, right now there is a need for thousands of Musâhafs in various Southern African languages, already translated but lacking funds for printing.
The combination of the above two independent facts makes compelling the need for appropriate action by those with the means and provision as well as the foresight for such actions.
[B] Intervention
The appropriate action alluded to, above, or necessary intervention to address that vital need, was translated by IDM into the formation of a Quran Waqf Project. This will be an investment, whose proceeds will be used for the printing and distribution of Musâhafs (Qurans), in various African translations. To this end, IDM has committed to an investment property, whose initial outlay will yield about 2000 Musâhafs annually. This will grow on an on-going bases with time, InshaâAllah.
[C] Financial Considerations
The financial and monetary details of the property, located in Durban, are:
Purchase Price 1, 650, 000
Gross Rental: 17, 000 pm
204, 000 pa
(12.4% gross returns on purchase price)
Expenses: 2,500 pm
30, 000 pa
Nett Rental: 174, 000 pa
(* 10.6% Nett Returns on purchase price)
(* 85.3% return on gross rent)
Current Cost of one (1) Mushaf (Quran): R100-00.
This project will therefore provide over 1,700 Musâhafs per annum right from the start.
However, as the Quran Waqf expands, this will therefore grow on an on-going basis, InshaâAllah.
[D] Finance Acquisition Plan
We require 170 donors or shares, of R10, 000 each, to âInvestâ for the Aakirahâ, to raise
the R1, 700, 000, for the establishment of this Waqf.
Of course, there will be many who will be motivated to purchase 2 or more shares (of R10, 000 each), thus reducing the number of donors required to meet our target.
[E] Quran Translations, Printing and Distribution By IDM
To date, IDM has the Quran translated into 8 major Southern African languages. This translates to over 150 million primary or mother tongue speakers, as well as millions more, of secondary speakers.
These 8 languages include:
Afrikaans, Xhosa, Zulu, Sotho, Chichewa, Yao, Portuguese and Runyankore (Uganda)
[F] Phenomenal Demand for Musâhafs
But there is a huge demand, for hundreds of thousands of Musâhafs, in all the different translations, that needs to be met. This provides opportunities for potential sponsors and donors to earn Sadaqa Jaariah (everlasting reward) and Esaale Sawaab (for Marhooms), InshaâAllah.
This demand is ever growing, due to high reversion rates, and also due to the re-awakening of born Muslims.
For as long as the Quran is read by the recipient and his/her family, we expect and hope and pray that a portion of that Sawaab (reward/Ajr) will be passed on to the sponsor, Insha-Allah
[G] Conclusion
One hundred and seventy shares (170) of R10, 000 each, are available, for your âAkhirah Investmentâ to commence this project.
Above all, it is commitment to education par excellence; a commitment to the spread of Islam, by making the primary source of Islam (Al Quran) available more freely and readily.
We sincerely feel very strong about the establishment of this Quran Waqf. We believe the Quran is the single most important factor in the revival of the Muslims and in dawah to the non-Muslims. And therefore, we also believe that it is tantamount to gross neglect not to make the Musâhafs available to people who need to study Islam, and we have the means to do so, but hold back for one reason or another.
We look forward to your queries, questions, and above all, to your positive commitment towards this Educational Waqf for the Ummah par excellence.
IDM QURAN WAQF PROJECT
[A] Rationale for the project
It is known that one of the best applications of Sadaqa Jaariah (everlasting reward) or Esaale Sawab donations (donations on behalf of late beloved relative or friend) is a Quran (Musâhaf) Waqf. The Scholars claim that for every sentence, line or even letter, (e.g. Alif, Laam, Meem) read by the recipient from that donated Quran, for years to come, besides the Knowledge gained (by reading the Quran in the appropriate translation), a portion of that reward will go to the sponsor or donor, that will count in the Hereafter, InshaâAllah This is an immense motivation.
Furthermore, right now there is a need for thousands of Musâhafs in various Southern African languages, already translated but lacking funds for printing.
The combination of the above two independent facts makes compelling the need for appropriate action by those with the means and provision as well as the foresight for such actions.
[B] Intervention
The appropriate action alluded to, above, or necessary intervention to address that vital need, was translated by IDM into the formation of a Quran Waqf Project. This will be an investment, whose proceeds will be used for the printing and distribution of Musâhafs (Qurans), in various African translations. To this end, IDM has committed to an investment property, whose initial outlay will yield about 2000 Musâhafs annually. This will grow on an on-going bases with time, InshaâAllah.
[C] Financial Considerations
The financial and monetary details of the property, located in Durban, are:
Purchase Price 1, 650, 000
Gross Rental: 17, 000 pm
204, 000 pa
(12.4% gross returns on purchase price)
Expenses: 2,500 pm
30, 000 pa
Nett Rental: 174, 000 pa
(* 10.6% Nett Returns on purchase price)
(* 85.3% return on gross rent)
Current Cost of one (1) Mushaf (Quran): R100-00.
This project will therefore provide over 1,700 Musâhafs per annum right from the start.
However, as the Quran Waqf expands, this will therefore grow on an on-going basis, InshaâAllah.
[D] Finance Acquisition Plan
We require 170 donors or shares, of R10, 000 each, to âInvestâ for the Aakirahâ, to raise
the R1, 700, 000, for the establishment of this Waqf.
Of course, there will be many who will be motivated to purchase 2 or more shares (of R10, 000 each), thus reducing the number of donors required to meet our target.
[E] Quran Translations, Printing and Distribution By IDM
To date, IDM has the Quran translated into 8 major Southern African languages. This translates to over 150 million primary or mother tongue speakers, as well as millions more, of secondary speakers.
These 8 languages include:
Afrikaans, Xhosa, Zulu, Sotho, Chichewa, Yao, Portuguese and Runyankore (Uganda)
[F] Phenomenal Demand for Musâhafs
But there is a huge demand, for hundreds of thousands of Musâhafs, in all the different translations, that needs to be met. This provides opportunities for potential sponsors and donors to earn Sadaqa Jaariah (everlasting reward) and Esaale Sawaab (for Marhooms), InshaâAllah.
This demand is ever growing, due to high reversion rates, and also due to the re-awakening of born Muslims.
For as long as the Quran is read by the recipient and his/her family, we expect and hope and pray that a portion of that Sawaab (reward/Ajr) will be passed on to the sponsor, Insha-Allah
[G] Conclusion
One hundred and seventy shares (170) of R10, 000 each, are available, for your âAkhirah Investmentâ to commence this project.
Above all, it is commitment to education par excellence; a commitment to the spread of Islam, by making the primary source of Islam (Al Quran) available more freely and readily.
We sincerely feel very strong about the establishment of this Quran Waqf. We believe the Quran is the single most important factor in the revival of the Muslims and in dawah to the non-Muslims. And therefore, we also believe that it is tantamount to gross neglect not to make the Musâhafs available to people who need to study Islam, and we have the means to do so, but hold back for one reason or another.
We look forward to your queries, questions, and above all, to your positive commitment towards this Educational Waqf for the Ummah par excellence.