Moorish Waqf Endowment Fund
Moorish Waqf Endowment Fund (MWEF) is a community-based endowment fund. It is based upon the Waqf model and is similar to the endowment model currently used by most universities, hospitals and charitable organizations in North America. This model has proven itself over time by generating billions of dollars for worthy causes.
Under this model money collected from donors is invested in compliant investments.
The Moorish American community needs a stable, long term strategy for revenue generation and asset preservation...
All money in the fund is professionally managed by members of the Moorish Divine and National Movement...
All equity investments are made in accordance with the Vision Endowment Fund Investment Policy Statement.
The fund produces an annual report each year, including an independent audit of all financial transactions. Transparency is important to us.
This is a national project. Grant will be given to projects in all cities in proportion to the donations received from that community.