digiWAQF

Perpetual Islamic capital · for the tech founders of the ummah

Give once. Fund founders forever.

A waqf is an endowment that is never spent — its capital is preserved in perpetuity and only its investment income is given away. DigiWaqf turns Islamic giving into a permanent engine that funds Muslim tech founders, round after round, through non-repayable grants and interest-free loans.

Try the prototype See how it works
Corpus never spent — yield only Sukuk-backed, capital-safe Grants + Qard Hasan Transparent, community-signalled

Two separate worlds

A commercial company that exclusively serves a charitable endowment.

World 1 — commercial

Ummah 21st Century (U21C)

The management company. Where investors hold equity.
  • Builds and runs the platform; advises the fund on its conservative mandate.
  • Earns a service fee from the fund's income — never from the corpus, never a cut of donations, no carry.
  • Funded by a private SAFE round; to be incorporated in a common-law financial centre.
World 2 — charitable

The Waqf

The perpetual endowment. Where donors give.
  • Muslims and institutions donate irrevocably; the corpus is preserved forever.
  • Corpus invested in Shariah-compliant conservative securities (sukuk, Islamic funds).
  • Only the yield is distributed — to Muslim tech founders, decided under Shariah oversight.

Investors get no role in the charity. Donors get no equity. The two worlds never mix — by design.

The mechanism

How a donation becomes perpetual funding.

01

Endow

Donors give into the waqf corpus — irrevocably, as sadaqah. The principal is never spent.

02

Invest

The corpus is placed in conservative Shariah securities — sukuk, Islamic funds — earning a capital-safe yield.

03

Distribute

Only the income funds founders. Part is reinvested to grow the corpus against inflation.

04

Decide

Every 4 months a round opens. Donors signal by voting; a Shariah investment committee decides and publishes why.

The platform

One transparent system, a cabinet for every role.

Donorcontributes & signals
$1,250
Given (365 d)
Gold
Status
Votes this round
Clean Water Endowmentvoted
Al-Nour School Waqfopen
Founderapplies & reports
$80,000
Requested
Seed
Stage
Shariah screenpassed
Round statussemi-final
InstrumentHibah + Qard Hasan
Selection Committeedecides — binding
5
Finalists
$330k
Round budget
Community signaladvisory only
Halal vetoclear
Rationale publishedyes
Trustee · Mutawalliguards the corpus
$30.0M
Corpus
4.5%
Yield
Sukuk allocation90%
Reinvested to capital$600k
Available for grants$330k

The model

Investors back the company. The company grows with the corpus.

Corpus × 4.5% yield  →  −0.4% external manager  →  −1.0% U21C service fee  →  −2.0% reinvested to capital  →  ~1.1% to grants
CorpusIncome 4.5%U21C feeTo capitalGrantsFounders / yrU21C P&L
$10M$450k$100k$200k$110k1–2−$200k
$30M$1.35M$300k$600k$330k4–5break-even
$50M$2.25M$500k$1.0M$550k~7+$200k
$100M$4.5M$1.0M$2.0M$1.1M~15+$700k

The single monetisation point is a service fee on the fund's income — halal, disclosed, capped to real services. U21C breaks even at roughly a $30M corpus and turns a profit past $50M. That is why the whole strategy is a relationship-led drive toward institutional and family-office donors in the Gulf.

Roadmap · Abu Dhabi

The company is being built in Abu Dhabi.

ADGM

A common-law home

U21C incorporates in the Abu Dhabi Global Market — English common law, a deep Islamic-finance ecosystem, and the licensing to stand the structure up properly.

GULF

Where the corpus comes from

Abu Dhabi is the base for a relationship-led drive to the institutions and family offices that seed a real endowment — not a retail funnel.

RAILS

Partners & infrastructure

Regional financial institutions provide the payment and custody rails, and a path to corporate and CSR co-donors across the region.

TEAM

On the ground

A founder relocates to Abu Dhabi and builds the team locally — close to the donors, the regulator and the ecosystem.

People

The people behind it.

Oleksandr Kuguk
Founder & CEO — U21C
Leads strategy, the investor round and the product. Building the company that will manage the endowment.
alexander-kuguk
Vladimir Malenko
Islamic-finance adviser
Anchors the Islamic-finance structure and the boundary between the commercial and charitable layers.
vladimir-malenko
Mufti Ismail Desai
Shariah adviser — engagement in progress
CEO, Global Islamic Financial Services; Darul Iftaa. Advising on the structure; the formal fatwa is in preparation.
muftiismaildesai