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ISF Endowment

ISF Endowment

The Power Behind Our Progress

With Allah (SWT) grace, ISF schools have made great strides over the years, but much work remains. In today’s challenging political climate, we must elevate our mission: to inspire the next generation of Muslims to become leaders in journalism, politics, business, and beyond. They must be equipped to understand power dynamics, engage in the political process, and advocate for justice, equity, and the Muslim community without compromising our values.
Our vision is to expand Islamic education across the DFW metroplex and beyond, ensuring that every child, regardless of financial means, can benefit from schools like Brighter Horizons Academy. To break free from the uncertainty of annual fundraising, the ISF Endowment will provide a stable, sustainable financial foundation—allowing us to focus on what matters most: the success and development of our students.
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Endowment Brochure

(Waqf)

About the Endowment

Endowment Vision

Empowered Islamic Community in North America through excellence in Education

Endowment Mission

Aligning resources so each Muslim child in North America has access to excellent education in an Islamic environment and blossom to become a force for positive societal change.

Objectives of the Endowment

  • Establish an Islamic Waqf where Muslims can give Sadaqah Jariyah (ongoing charity) to benefit the Islamic community for generations.
  • Raise and Invest donations in accordance with Islamic principles, ensuring long-term stability and growth for our schools.
  • Aim to reach $20-30 million in endowment funds over the next 10 years.

Legal and Governance:

  • The ISF Endowment operates as an independent 501(c)(3) entity with a dedicated Board of Directors, with ISF as the exclusive member.
  • The Endowment Board consists of five members, elected by ISF as outlined in the ISF Constitution.
  • Governance and procedures are defined by the Endowment Bylaws.

Investment and Application Guidelines of Waqf:

All investments are made in accordance with the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI) standards. Proceeds from Waqf investments will be used to:
  • Expand Islamic education initiatives using the BHA model.
  • Improve the quality of Islamic education.
  • Build more schools similar to BHA to serve a larger Muslim population.
  • Provide financial aid to Muslim students in need.
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