The Waqf Fund buys Solihull retail unit to generate permanent charity income
The Waqf Fund has purchased a £1.9 million retail unit in Solihull, with the £150,000 annual rent going directly to humanitarian projects. By using an endowment model similar to university funds, the charity ensures that the initial capital is preserved while providing a long-term, sustainable source of funding for causes like clean water and support for orphans.
Source: Yorkshire Post
West Midlands
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