WAQFY Cash Pan

WAQFY Cash Pan Number of pans disbursed: 3173
Number of pans returned: 1650
Amount Received: $200,000
As at: June 13th, 2017
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Real Estate

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Property Ownership Fund

 

The Aim

This product provides an opportunity for members to save towards purchasing real estate and own land via installment purchases from or through the Society. 

 

 

 Benefits to members

  • Members are encouraged to save
  • Property ownership becomes more affordable
  • No need for financing from a bank thereby avoiding interest payments
  • Dividends for investors
  • Satisfaction

 

Benefits to the Society

  • Increased business

    Property sales are expected to increase since we are offering in addition to cash sales to the public, installment sales to our members.  The cash flows generated from the savings and installment sales will create opportunities for new investments.  Among the benefits of a wider range of products and services is that more people will be attracted to the Society and they may not limit themselves to patronizing one specific product or service.

     

  • Creating income streams

    Installment sales will allow for transactions to span initially a maximum of three years.  The payments will be structured on a monthly basis.  The profits will be prorated over the period of the transaction.  Therefore, once a sale contract is established, the Society could determine its cash flow and profit for the following three years.

     

  • Diversification of the Real Estate Portfolio

    Investments in real estate constitute more than fifty-five percent of the Society’s total investment portfolio. Since the Society intends to maintain this high dependence on real estate sales, it will be beneficial to further diversify the real estate portfolio by adding this Plan to the list of products and services.

      

See Bye-Law #54 for POF Rules

 

See POF Approved Policy & Rules

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Membership

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Contact Information

PO Bag 1066, Valsayn,
Trinidad & Tobago
(868) 682-1141
(868) 663-4541