UK waqf gets a boost with new digital platform
LONDON - The United Kingdom has a new digital platform that aims to build the waqf ecosystem and help achieve the country’s first £1 billion Islamic endowment fund.
Waqfinity is a commercial entity and wholly-owned subsidiary of One Endowment Trust (OET), a UK-based charitable foundation that launched last year and aims to become a £1 billion waqf fund by combining commercial and social investments.
The platform is an important part of actualising the OET target operating model, according to Sultan Choudhury, chairperson of Waqfinity and executive chairperson of OET.
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