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
Read More »

Real Estate

WAQFY Direct Deposit Click the link below to check out
our Real Estate Listings
View Listings »

TTTFS Mailing List

Join our mailing list Want the latest news and events about
the Takaaful Friendly Society? Then
sign up to join our mailing list.
Click Here »

WAQF Products

  

Waqfy 'Savings Account'

Contributions to Waqf by members are recorded in their Member Statements, thereby allowing them to see their cumulative Waqf contributions over the years. Members can set lifetime targets and make incremental contributions to achieve those targets. Members are reminded that these funds are non-refundable and cannot be withdrawn.

 

Waqfy Direct Cash

Contributions to Waqf by non-Members of the Society by way of cash or cheque at the office.

 

Waqfy Real Estate

This product appeals to owners of real estate to give a portion of their property in Waqf. The property is transferred to the Trustees of the Society. If the donor wishes, he/she may determine its specific use e.g. for establishment of a mosque, cemetery, etc. If not, then the Society will develop the property so that it can generate income, thus achieving the general objectives of the Waqf.

 

Waqfy Cash Pan

As the name indicates, it is a pan that enables the individual, both child and adult, to make cash Waqf at his/her convenience.  With the focus on coins, the WCP provides a ready means of disposing of unwanted loose change, thus bringing into circulation otherwise idle money for a noble purpose. However, apart from the collection of “big money from small change,” a major benefit of the project is the increase in knowledge and awareness about Waqf, especially among the youth.

 

Waqfy Direct Deposit

This product allows members and non-members to deposit Waqf funds directly to the Society’s account at any branch of Republic Bank Ltd.   Special packages comprising a RBL deposit slip in triplicate, a brochure on Waqf, an introductory brochure on the Society and a self-addressed envelope are mailed or given to both members and non-members.

 

Waqfy 1%

This product makes an appeal to working and retired persons to contribute 1% of their income to Waqf. The challenge of collecting these funds may be overcome through salary deductions and bank transfers.  Employers can assist by encouraging their employees to participate, facilitate the deductions from source and make one payment to the Society on a monthly basis.

 

Waqfy Bequest – up to 1/3

Islamic inheritance laws allow a Muslim to bequest a maximum of one third of his estate to a non-legal heir and this may include a charitable purpose. You can add to your legacy by gifting a lasting charity to Takaaful T&T Friendly Society through your will.  The bequest may take the form of cash, property, share investments, jewelry, or any other asset.

 

 

These products aim at boosting the Society’s capital base for funding charitable, welfare and development projects. Waqf funds are not given away but are invested. Distributions are made from the profits only and not from the capital.  The Waqf, therefore, remains a ‘lasting charity’. 

You are here: Home Offerings Waqf Products
Be sure to check out our latest Real Estate Listings View Now »

Membership

Do you wish to become a Takaaful T&T Friendly Society Member? For further information Click Here »

Contact Information

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