AN ENDOWMENT “WELL” FOR THE FUTURE OF OUR MUSLIM GENERATIONS IN THE US.
Help us become self-sustaining so that we can focus all of our energies into serving as many students as possible. Establishing a Waqf will help the organization and the cause of riba-free education to live on well beyond our time. Be it the well of Uthman (RA) or the palm fields of Umar (RA), endowments leave a legacy for the cause to carry on.
Student loan debt accounts for ~$1.56 trillion in the US today. Thousands of young Muslims are being crippled by this system in ways that go well beyond just their financial well-being.
Being the only non-profit organization in the US offering interest-free loans we recognize how crucial our sustainability and growth is in shielding our future generations from riba.
We only served 5% of the request this year.
From a historical perspective we cannot deny the importance waqfs have played in building and sustaining Muslim societies. We have been blessed to have supporters like yourself to sustain us by filling and refilling our “bucket” of funds year after year.
This model has worked well for us over the last 7 years, Alhamdulillah. However, we foresee that this model may not be scalable to address a growing crisis.
For this reason, a few years ago we took the initiative to create and grow a “well” of funds that we can turn to in the future. We call this the ACC Waqf.