Ep. 110: Wealth in Worship Part 4: Waqf, Why and How - Junaid Din

What is a Waqf? Why should each community have one and how can they build one? In this episode, Umar Moghul speaks with Junaid Din, co-founder of Yaqeen Research Institute, as he shares his journey as Chief Investment Officer of Yaqeen Endowment, one of the foremost waqf in the US - designing inclusive governance, building enduring financial capability, and deploying capital to advance a deeper Shariah compliance.
CHAPTERS:
0:00 - Introduction
1:41 - What Exactly is a Waqf?
2:46 - Endowments in Muslim History
4:38 - Uthman's Well and Modeling Sustainability
9:44 - Why Revive the Waqf Now?
11:49 - Operations Vs Endowments
15:30 - Portfolio Choices: The House Next-door?
20:29 - Challenges in Management
23:52 - Governance
26:36 - Transparency With the Community
31:11 - Aligning Investments and Mission
41:01 - How Yaqeen's Endowment Supports Others
44:20 - Taking Incremental Steps Towards the Goal