New waqf crowdfunding platform to address misconceptions about Islamic endowments
Photo: WaqfWorld.org was launched at the 12th World Islamic Economic Forum (WIEF) in Jakarta, Indonesia. From left: Umar Munshi (founder, Ethis Ventures), Dr Suhaili Alma’amun, Adi Rahman (Managing Partner, Waqf World), Tun Abdullah Badawi, Tan Sri Fuzi Abdul Razak, Secretary General of WIEF, Prof Dr Dato Mazlin Mokhtar Deputy Vice Chancellor of UKM.
KUALA LUMPUR - The newly-launched waqf crowdfunding platform, WaqfWorld.org, wants to change the misperception that waqf is only for the wealthy and that it is based only on land or real estate, its partner developer Umar Munshi told Salaam Gateway.
“Because of this misinformation, we feel that waqf has not realised its immense potential. With crowdfunding, Muslims can now make well-informed donations of small amounts easily and seamlessly online,” said Munshi in an email interview with Salaam Gateway.
Munshi is founder of Islamic crowdfunding platform EthisVentures, which is a partner developer in WaqfWorld.
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Zurinna Raja Adam