The film introduces the idea of Waqf fund, a flexible and innovative financing mechanism targeting solving water problems in the Middle East region. The concept of Waqf fund is similar to trust funds where the capital for the Waqf is invested and the returns on investments are utilized for activities related to conservation. The rationale behind this notion is to secure a sustainable flow of financial resources to support sustainable development.
One of the most important things which wasn't mentioned here was that Waqf is a charitable endowment that is not taxable. The benefactor gives what he can, and neither he, nor state benefits from it. In other words, it is charity in its purest form.
moineau15 3 years ago