Our Policies and Reports

Sakinah-Admin

Operational Policies

In pursuit of the advancement of our vision, mission, and aims and objectives, we are committed to the following operational policies and guidelines:

  • Advocacy: to play an advocacy role in relation to issues affecting the empowerment of communities.
  • Affirmative action and equity:  to pursue employment, appointment, and other practices that would affirmatively and equitably represent members from diverse backgrounds, as far as is practicable.
  • Conduct:  to strive to our utmost to conduct our affairs in accordance with Islamic  principles, values, and  ethos
  • Confidentiality:  to respect the confidentiality of waqifoon as well as beneficiaries and not to divulge confidential information without the express consent of waqifoon or beneficiary.
  • Constructive engagement: to constructively engage with Muslim organisations, groups, or individuals, who have serious differences.
  • Controls, checks & balances: to institute such internal control measures, checks, and balances within the administration of the organisation, so as to enable the minimisation and/or elimination of risk of failure, misstatement, mismanagement, or error.
  • Co-operation and collaboration: to co-operate and collaborate with all sectors of society including existing organisations, interest groups, parastatals and state organs at national, provincial, and local level
  • Corporate governance:  to govern the organisation, as far as is appropriate, in compliance with principles and global best practices on Corporate Governance.
  • Excellence/Ihsan:  to pursue excellence/ihsan in all that we do.
  • Existing resources: to utilise existing resources and facilities rather than re-invent or re-invest in new resources and facilities
  • Historical shortcomings:  to be cognisant of errors of the past and to avoid any activity, action, or operation of the organisation that may cause such errors.
  • Human Resources: to recruit volunteers and, where applicable, employ,  competent and proficient candidates with the necessary skills to carry out designated functions and responsibilities and to reward them commensurately
  • Inclusive:  to be inclusive and to create a unifying brotherly/sisterly spirit among stakeholders
  • Learning Organisation:  to develop a learning organisation where everyone linked to the organisation  is encouraged to learn and grow, and to contribute innovatively towards constant personal improvement
  • Mutual consultation/Shura: to take decisions on the basis of and with due   consultation/ shura at appropriate levels of the organisation and with relevant persons internally and externally.
  • Non-duplication:  not to compete with existing organisations nor to duplicate services already being provided by existing organisations
  • Non-obligation:  to receive donor or WAQF funds and/or revenues  from any quarter on a non-obligation / no-strings-attached basis, and to make disbursements on the same basis
  • Partnerships and Joint Ventures: to initiate and/or execute projects in partnership or joint venture with existing organisations and institutions
  • Positive Neutrality: to maintain a neutral but positive stance in its relations with other groups and organisations.
  • Projects:  to initiate and establish new community development projects and/or to strengthen and support existing ones 
  • Quality service: to provide a high quality service to clients and stakeholders
  • Rotation: Wherever possible, members of committees, across the board, shall rotate responsibilities to avoid ‘one-man’ shows and ‘life members’.
  • Strategic relations: to  establish and maintain relationships with Government, organisations, agencies, and communities, both nationally and internationally
  • Transparency and accountability: to underscore all activities and transactions by principles of transparency and accountability to our stakeholders

Annual Financial Statements and Impact Reports

Annual financial statements are audited annually and the impact reports are prepared based on the projects executed by the both the Sakinah Waqf Foundation (SWF) and Sakinah Medical Outreach annually. 

Please Note: SWF is an ASSET-BASED Islamic charitable endowment fund. Its Annual Financial Statements must be read and interpreted in the light of how the waqf system works.

Key Points:

  • Waqf Funds: Waqf funds are capital in nature and may not be consumed.
  • 100% Policy: SWF has a 100% policy in terms of Waqf funds collected. No commissions. No deductions. 100% of waqf funds donated by donors are credited to their waqf donation accounts.
  • Long Term: Waqf funds are long term in nature and may not be spent on consumption expenditure.
  • Asset Investment: Waqf Funds may only be invested in capital and infrastructure assets.
  • Infrastructure: Waqf Funds may be invested in income generating assets or other social infrastructure projects.
  • Waqf Revenues:  Waqf revenues represent the income generated from investment assets i.e. rentals, profits, dividends
  • Downstream Expenditure: Only waqf revenues may be used for downstream “care”/consumption and developmental projects, e.g. education, healthcare, subsidies, stipends, etc.
  •  Continuous growth:  SWF needs to grow its waqf capital and asset base on a continuous basis to have the ongoing sustainable capacity to meet community needs.
  • Remuneration: Save for full time staff, NO remuneration is paid to Mutawallees,  Trustees and Committee members. Alhamdulillah, SWF is largely a volunteer driven organisation.