'inline', 'scope' => 'footer' ) ); ?> 'inline', 'scope' => 'footer' ) ); ?> 'inline', 'scope' => 'footer' ) ); ?> 'inline', 'scope' => 'footer' ) ); ?>

type); ?>
width: 95% !important; width:99%; position: relative; left: 0.0%; width:101%; position: relative; left: 0.0%; " class="grey">
field_offset_to_apply[LANGUAGE_NONE][0]['value']; // echo $offset; class HijriCalendar { // define date adjustments below const DATE_ADJ = 0; function monthName($i) // $i = 1..12 { static $month = array( "Muharram", "Safar", "Rabi-Ul-Awwal", "Rabi-Uth-Thani", "Jamaad-Ul-Awwal", "Jamaad-Ul-Akhar", "Rajab", "Shabaan", "Ramadhan", "Shawal", "Zil-Qad", "Zil-Hajj" ); return $month[$i-1]; } function GregorianToHijri($time = null) { global $offset; // if($time === null) $time = time() + (self::DATE_ADJ * 24 * 3600); if($time === null) $time = time() + ($offset * 24 * 3600); $m = date('m', $time); $d = date('d', $time); $y = date('Y', $time); return HijriCalendar::JDToHijri( cal_to_jd(CAL_GREGORIAN, $m, $d, $y)); } function HijriToGregorian($m, $d, $y) { return jd_to_cal(CAL_GREGORIAN, HijriCalendar::HijriToJD($m, $d, $y)); } # Julian Day Count To Hijri function JDToHijri($jd) { $jd = $jd - 1948440 + 10632; $n = (int)(($jd - 1) / 10631); $jd = $jd - 10631 * $n + 354; $j = ((int)((10985 - $jd) / 5316)) * ((int)(50 * $jd / 17719)) + ((int)($jd / 5670)) * ((int)(43 * $jd / 15238)); $jd = $jd - ((int)((30 - $j) / 15)) * ((int)((17719 * $j) / 50)) - ((int)($j / 16)) * ((int)((15238 * $j) / 43)) + 29; $m = (int)(24 * $jd / 709); $d = $jd - (int)(709 * $m / 24); $y = 30*$n + $j - 30; return array($m, $d, $y); } # Hijri To Julian Day Count function HijriToJD($m, $d, $y) { return (int)((11 * $y + 3) / 30) + 354 * $y + 30 * $m - (int)(($m - 1) / 2) + $d + 1948440 - 385; } }; $hijri = HijriCalendar::GregorianToHijri( ); ?>

Foundation Fund

Updated on 12 March 2018

The Foundation Fund

A key objective for the World Federation is to ensure its own growth and sustainability as an organisation, so it can continue to have a positive impact around the world through community-centred projects.

To help achieve this, a Foundation Fund was set-up in 2010, with a primary aim to generate sufficient income from capital invested to cover the indirect and infrastructure costs of the organisation.

Following years of development of this fund, total investments at the end of 2017 made up £4.74 million. These investments have been made across a diverse range of asset classes, with returns generated from property investment, community investments, joint ventures and asset backed opportunities.

 

THE INVESTMENT PORTFOLIO of £4,735,000

Investments 2017

Investments

Mobile Homes

£440,000.00

Leicester Property

£60,000.00

COEJ Investments

£600,000.00

KSIMC Investments

£3,310,000.00

Other investments

£325,000.00

Total Invested

£4,735,000.00



Total Yield for 2017 

 

The yield from these investments, for the year 2017, generated a 6.12% return, which – Alhamdulillah - equates to £291,450.

All investments made align with the spiritual values of the Islamic Shia Ithna Faith, which is stringently reinforced through the World Federation Investment Policy and Foundation Fund Team.

The principle of the Foundation Fund stems from the concept of ‘Waqf’, an Islamic tradition where land, buildings or money is donated, and the profits are used to support charitable causes. This beautiful tradition has now helped The World Federation launch a Zero percent admin policy, so we can continue to focus on serving humanity through our various international projects.

There are still additional pledges to be collected for the Foundation Fund and suitable investment opportunities are continually being pursued by the Trustees to expand the portfolio.

The target annual income return is c£500,000 which would require a minimum capital foundation fund of £10 million that generates an average yield of 5%.

If you would like to give to this fund and gain endless Sadaqah Jaariyah, whilst securing the sustainability of The World Federation, then please contact the Accounts team by email at [email protected] or call +44 20 8954 9881.


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