In past Islamic times, the waqf played a role in various fields, economic, urban, educational, cultural, and social.
The endowment as an ongoing charity or separate economic entities from the founders contributed as the cornerstone on which all charities were founded.
Waqf is playing a new role in revitalising commercial and craft life in cities and protecting the wealth of families from disintegration, to cover long-term services and objectives for society or families so that it is in-line with Islamic law.
In modern times and in the global market, financial institutions through specialised funds or economic entities have contributed to the development of the role of endowment work within societies, which has established scientific, research, urban, medical, and humanitarian centres.
Whether it is a standalone philanthropic venture or a part of wealth planning ambitions of HNWI or families, at Rusd Bank, we provide holistic solutions from setting-up of Trust / waqf to administer and manage in line with the settlor’s wishes.
