- Call Us: +603-7802 9096
About us
iHSAN International Waqf Labuan Foundation is committed to
revitalizie the Islamic endowment system (waqf) to address
current global issues such as poverty, healthcare, education and
environmental sustainability.
Registered under the Labuan Islamic Foundation Act 2016 (Form
8) (Reg No: LAF00649-(l)), the Foundation aims to modernize the
waqf model through digitalization while remaining to be align with
Maqasid al-Sharia - principles of Islamic law that promote justice,
welfare, and equilibrium. Through this initiative, we strive to
create a lasting and sustainable social impact on a global scale.
Strategic Vision
Global Impact:
Position the Foundation as a leading global platform for waqf endowments, connecting donors and stakeholders to support large-scale, long-term initiatives.
Modern Asset Management:
Leverage contemporary asset management practices while ensuring Shari’ah compliance to optimize waqf assets for maximum social returns
Message from our Founder / Chief
The Ihsan International Waqf Labuan Foundation (IIWF) is dedicated to modernize the Waqf system to address contemporary challenges through five essential pillars: Shariah-Centric Governance, Asset Optimization, Transparency, Sustainable Development, and Digital Innovation.
Guided by AAOIFI governance standard 13 and with embedded robust KYC and AML policies, IIWF incorporates digital innovations to boost operational efficiency in managing waqf assets. This initiative aims to enhance transparency, governance, and predictive analytics within Islamic philanthropy and Waqf management.
The foundation prioritizes social, economic, and environmental development in alignment with Islamic values and sustainability objectives, targeting issues such as poverty, education, and healthcare.
IIWF is committed to enhance Islamic benevolance by revitalizing the Waqf system.
We appreciate your support.
AMINNURLLAH MUSTAPAH
Founder / Chief
The Five Necessities
The Foundation’s approach is rooted in the principles of Maqasid al-Shariah, safeguarding the following five key areas:
1. Protection of Wealth (Hifz al-Mal):
- Secure the lawful ownership and management of
property. - Protect assets from theft, exploitation, and
ensure fairness in financial transactions
- Guarantee the freedom to practice Islam.
- Preserve the faith through the promotion of
beliefs, worship, and moral conduct.
3. Protection of Intellect (Hifz al-‘Aql):
- Safeguard the ability to think and reason.
- Encourage mental development while prohibiting
practices that impair cognitive function.
4. Protective on of Life (Hifz al-Nafs):
- Preserve human life by ensuring safety, security, and
protection from harm.
5. Protection of Progeny (Hifz al-Nasl):
- Support the family unit and future generations by
promoting marriage, maintaining lineage, and upholding
moral upbringing
Visionary leaders who established the Foundation, setting the framework for sustainable, socially impactful waqf initiatives
Mision
"To empower communities worldwide by pioneering a sustainable, Shari’ahcompliant waqf ecosystem, leveraging
innovative asset management practices to amplify social impact and connect global donors with transformative, longterm initiatives."
Our Objectives
Our organization is engaged in the:
REVITALIZE THE WAQF SYSTEM:
- UPDATE TRADITIONAL WAQF PRACTICES TO ADDRESS CONTEMPORARY SOCIAL INFRASTRUCTURE DEMANDS.
TACKLE GLOBAL SOCIAL FINANCE CHALLENGES:
- FOSTER EQUITABLE DISTRIBUTION OF
ECONOMIC RESOURCES - IMPROVE ACCESS TO HEALTHCARE
AND PUBLIC INFRASTRUCTURE - ENHANCE FORMAL EDUCATION ON A
GLOBAL SCALE
ALIGN WITH MAQASID AL-SHARIAH:
- UPHOLD THE CORE OBJECTIVES OF
PRESERVING ESSENTIAL HUMAN
INTERESTS FOR SOCIETAL WELL-BEING
Founders
WAQIF
Founders / Chief
Aminnurllah Mustapah
Co-Founders
Rizal Ismail
ihsan International Waqf Labuan Foundation (“IIWF”) - COUNCIL ORGANISATION CHART
BOARD OF COUNCIL MEMBERS
Esteemed professionals and community leaders who provide strategic guidance and ensure our initiatives align with global socio-economic needs.
Dr Mohammad Mahbubi Ali
INDONESIA
Dr. Mohammad Mahbubi Ali, an Indonesian expert in Islamic Finance, holds a PhD from IIUM. He is an Islamic Finance Expert at the Brunei Darussalam Central Bank and serves on several boards and committees. He actively contributes to Islamic finance research and education, authoring numerous academic papers and articles
Shaykh Ibrahim
UNITED KINGDOM
Dr Omar Farooq Kalair
CANADA
Dr. Omar Farooq Kalair, a pioneer in Islamic
finance in Canada, founded United Muslim
(UM) in 1999. He helped over 1,000
households secure halal mortgages, launched
Canada’s first halal mortgage and term
deposit, and actively shares his expertise
through conferences, research, and
community events.
Prof Dr Ismail Omar
MALAYSIA
Prof. Dr. Ismail Bin Omar, a distinguished Malaysian academic, holds a PhD in Land Economy from the University of Aberdeen. With 40+ years in property valuation, land economics, and consultancy, his contributions span academia and professional consultancy, focusing on land valuation, urban planning, and waqf land development
En Azlan Azizuddin
MALAYSIA
En Azlan Bin Azizuddin, Deputy CEO and Head of Business Development in Asset Management, boasts 30 years of financial industry experience. He has held leadership roles at KN Kenanga, Affin Bank, IEC, and AmanahRaya. As a former board trustee of Federal Territories Islamic Religious Council., he contributes significantly to
BOARD OF
SHARIAH COUNCIL
En Arham Merican
Arham Merican is a Registered Shariah Advisor, Managing Director of Sharlife Sdn Bhd, and Founder of Sampul Sdn Bhd. With nearly a decade in Islamic Finance, he has worked on diverse portfolios and notable projects like Bursa Gold Dinar. He holds advanced degrees in Development Economics and Islamic Finance. Arham is also a Certified Shariah Advisor listed with the Labuan Financial Services Authority (Labuan FSA).
ADVISOR /
LEGAL ADVISOR
Pn Apnizan Abdullah
SUPERVISORY PERSON /
COMPLIANCE OFFICER
En Izaiddin Joinnie
Strategic and results-driven financial executive with over 20 years of progressive experience in business development, compliance and investment management. proven track record of enhancing financial programme, driving revenue growth and ensuring regulatory compliance in high-stakes environments. Adept at leading cross-funtional teams and fostering relationships with key stakeholders
OPERATIONAL ORGANISATION CHART
Governance and Management of Ihsan International Waqf Labuan Foundation (“IIWF”)
Meet Our Team
Showcase the professionals managing the Foundation’s day-to-day
operations, highlighting their qualifications, experiences, and
commitment to the Foundation’s mission.
Hj Zaidi Adnan
Co-Founder/COO
Dr Firdaus Perdana
Head Researcher
Hj Mohd Azlan Alam
CFO
En Fairuz Yahya
CPDO
Mr Khalid Wachira
CTO
Financial Model
The Foundation’s financial sustainability is underpinned by a diversified revenue model:
- Securing philanthropic support from global donors
- Leveraging investment opportunities to grow the endowment
- Generating revenue from properties and businesses held in waqf, with all income reinvested to fund ongoing community benefits worldwide
- Governance and Structure
Framework Structure
Surah Al-Ĥadīd (57:18):
“Indeed, the men who practice charity and the women who
practice charity and [they who] have loaned Allah a goodly loan
– it will be multiplied for them, and they will have a noble
reward.”
Board of Trustees:
A globally representative board ensuring diverse regional perspectives.
Shari’ah Advisory Council
A dedicated council to ensure all operations and investments comply with Islamic principles
Professional Asset Management Team
Tasked with maximizing returns on waqf assets through strategic global investments. Outsourcing to professional & licensing with securities commission.
Operational Governance:
The Need for a Global Waqf Foundation
Global socio-economic inequality continues to rise, leaving millions without access to essential services such as healthcare, education, adequate housing, and public infrastructure. While conventional philanthropy has its merits, it often lacks the long-term sustainability required for enduring change. The waqf system, by its very nature, creates perpetual assets that generate continuous social benefits, providing a robust and sustainable solution to bridge this gap.
Future Outlook
The Global Waqf Foundation will channel its efforts into the following key areas
News
Ihsan International Waqf Foundation (L) Joins 7th Fernandez Challenge Cup as Co- ponsor for Team SJI85
Kuala Lumpur, 13 September 2025 – The much-anticipated 7th Fernandez Challenge Cup (FCC) will be held on Saturday, 13 September 2025, at TNB ILSAS, UNITEN- angi. Organized by the Johannian Sports & Recreation Club (JSC), this annual sporting event continues to uphold its tradition of fostering camaraderie, sportsmanship, and unity among alumni of St. John’s Institution (SJI), Kuala Lumpur.
This year, the Ihsan International Waqf Foundation (L) (IIWF) proudly participates as a co-sponsor for Team SJI85, further strengthening the spirit of brotherhood and community support that lies at the heart of the competition.
“The Fernandez Challenge Cup represents more than just a sporting contest. It embodies heritage, teamwork, and the values of contribution to society. At IIWF, we are honored to support Team SJI85 and be part of this meaningful tradition. Our involvement reflects our mission to integrate waqf initiatives with community- uilding and long-term legacy creation,” said CEO of IIWF. – Tn Hj Aminnurllah Mustapah.
The FCC, now in its 7th edition, has grown into a major alumni event, attractingparticipants and supporters from across the nation. This year’s tournament is also supported by official sponsors Mamam Place Cendol Durian and Carabao Energy Drink, with venue support from TNB ILSAS.
As the countdown begins, anticipation builds for a day filled with competitive spirit, fellowship, and celebration of the Johannian legacy.
FCC
© Copyright 2025, All Rights Reserved,
IHSAN INTERNATIONAL WAQF LABUAN FOUNDATION