---
title: "Waqf and zakat institutions | IslamicOpenFinance™"
description: "Donors and beneficiaries both need to see where each amount went. Zakat assessment (illustrative), Collection, Eligibility and disbursement and more for Waqf and zakat institutions on IslamicOpenFinance™."
url: https://islamicopenfinance.com/sectors/waqf-zakat/
lang: en-GB
source: "IslamicOpenFinance"
---

> Donors and beneficiaries both need to see where each amount went. Zakat assessment (illustrative), Collection, Eligibility and disbursement and more for Waqf and zakat institutions on IslamicOpenFinance™.

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Social

# Waqf and zakat institutions

Donors and beneficiaries both need to see where each amount went.

Zakat funds collect and distribute obligatory alms; waqf institutions manage endowed assets and spend their income on stated purposes. Both answer to donors, beneficiaries and often a public authority. IslamicOpenFinance™ records assessment, collection, eligibility and disbursement, and keeps waqf income separate from the endowed asset.

[Request a demo for this sector](https://islamicopenfinance.com/#start) See the live demo

Financial products

## What you build on IslamicOpenFinance™

1

### Zakat assessment (illustrative)

Payers estimate zakat with the fund's settings; the tool states that it is illustrative and not a fatwa.

2

### Collection

Payments arrive through cards, transfers and wallets, each with a receipt.

3

### Eligibility and disbursement

Beneficiaries are assessed against the fund's criteria and paid, with every step recorded.

4

### Waqf asset register

Endowed assets are recorded with their stated purpose and kept apart from their income.

5

### Reporting

Donors and authorities receive reports of collections and disbursements with evidence.

Value chain

## The actors in this chain

IslamicOpenFinance™ connects them with one contract model, one policy and one evidence trail.

Zakat payer Zakat fund Waqf trustee (mutawalli) Beneficiaries Donors Public authority

[Standard setters and regulators in the directory](https://islamicopenfinance.com/directory/?sector=waqf-zakat)

Typical flow

## A typical flow, step by step

1. **Assessment**
2. **Nisab check**
3. **Hawl date**
4. **Payment**
5. **Eligibility**
6. **Disbursement**
7. **Report**

Live demo

## See it in the terminal

Aisha's illustrative zakat estimate with Rifd Zakat Fund (demo): nisab check, hawl date in both calendars, and the disclaimer. Demo data

**Demo** All institutions, people, amounts and events are fictional demonstration data. Nothing here is a Shariah ruling, an offer or advice; approving a product is for each institution's own Shariah board and regulator.

Glossary

## Key terms for this sector

[Zakat](https://islamicopenfinance.com/glossary/zakat) [Nisab](https://islamicopenfinance.com/glossary/nisab) [Hawl](https://islamicopenfinance.com/glossary/hawl) [Waqf](https://islamicopenfinance.com/glossary/waqf)

Other sectors

## Related sectors

[Social Government and public sector Public finance in Islamic markets needs the same governance and evidence as any bank. - Sovereign sukuk programmes - Shariah governance workflow - Treasury placements See the sector](https://islamicopenfinance.com/sectors/public-sector/) [Social Islamic microfinance Small amounts, many customers and the need for low-cost, fair contracts. - Micro-murabaha - Qard hasan - Group products See the sector](https://islamicopenfinance.com/sectors/microfinance/) [Consumer Retail Islamic banking Customers expect instant, app-first banking; the contracts behind it still run on systems built for interest. - Murabaha personal financing - Qard and wadiah current accounts - Profit-sharing investment accounts See the sector](https://islamicopenfinance.com/sectors/retail-banking/)

## Build Waqf and zakat institutions on IslamicOpenFinance™.

[Request a demo for this sector](https://islamicopenfinance.com/#start) [All sectors](https://islamicopenfinance.com/sectors/)