Raquib Family Waqf Foundation
The International Waqf Fund is a Sharia-compliant charitable endowment established since 2000 that operates on the principle of Waqf - a sustainable, ongoing investment in good that generates returns reinvested into life-changing projects worldwide. Rather than traditional one-time donations, the organization collects capital into Sharia-compliant investments that generate 5-7% annual returns directed toward charitable initiatives across education, health, emergency relief, sustainable livelihoods, water and sanitation, orphan welfare, and Qurbani projects. Operating in over 25 countries, the organization is guided by Islamic values of Sincerity, Compassion, and Custodianship, aiming to help communities achieve self-sufficiency and lasting positive change.
Raquib Family Waqf Foundation at a glance
In short: Raquib Family Waqf Foundation gave $86K across 1 grant in 2023 (avg $86K), mostly in Alabama. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $86,000
- +43.3% vs 2022
- Grants made (2023)
- 1
- -80.0% vs 2022
- Average grant
- $86,000
- +616.7% vs 2022
- Median grant
- $86,000
- Total assets
- $758,796
- -6.7% vs 2022
- Primary geography
- Alabama (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Raquib Family Waqf Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Birmingam Islamic Society ($86K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 9 grants of 10 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
Cities
How Raquib Family Waqf Foundation gives
- Giving grew 132% from 2020 to 2023. Method
- In 2023 it paid out 244% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $37K (2020) to $86K (2023). In 2023 it made 1 grant totaling $86K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Birmingam Islamic Society Hoover, AL | Donation Towards the Islamic Center of Birmingham | $86,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $758,796 | $39,155 | $93,697 | $86,000 | 1 | $92,985 | $31,458 | $38,154 |
| 2022 | $813,338 | $14,481 | $68,302 | $60,000 | 5 | $67,642 | $6,179 | $42,773 |
| 2021 | $867,159 | $159,896 | $61,965 | $52,486 | 3 | $61,370 | $97,931 | $44,436 |
| 2020 | $769,228 | $102,297 | $45,730 | $37,000 | 1 | — | $56,567 | $38,984 |
Under IRS private-foundation payout rules, Raquib Family Waqf Foundation reported a distributable amount of $38K for 2023 — the minimum it must pay out in qualifying distributions.
About Raquib Family Waqf Foundation
Based on IRS filings
Raquib Family Waqf Foundation is a private foundation focused on Recreation & Sports, based in Birmingham, AL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $759K in total assets. In 2023, it awarded 1 grant totaling $86K. Net investment income was $31K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Raquib Family Waqf Foundation's 2023 filing lists 5 officers; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Aishah Raquib
Trustee
On filings since 2020
No compensation reported
Farouk Raquib
Settlor & Trustee
On filings since 2020
No compensation reported
Khadijah Raquib
Trustee
On filings since 2020
No compensation reported
Nasima Raquib
Trustee
On filings since 2020
No compensation reported
Riazul Raquib
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Raquib Family Waqf Foundation
How much does Raquib Family Waqf Foundation give each year?
Raquib Family Waqf Foundation gave $86K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $60K across 5 grants.
How large is Raquib Family Waqf Foundation?
Raquib Family Waqf Foundation reported $759K in total assets on its 2023 IRS Form 990-PF. It paid out $93K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets).
What is Raquib Family Waqf Foundation?
Raquib Family Waqf Foundation is a private foundation focused on Recreation & Sports, based in Birmingham, AL. It holds $759K in total assets as of 2023.
Where does Raquib Family Waqf Foundation operate?
Raquib Family Waqf Foundation has awarded grants in Alabama, District of Columbia, Georgia, Illinois, Maryland, Mississippi, Pennsylvania, Virginia.
What is Raquib Family Waqf Foundation's EIN?
Raquib Family Waqf Foundation's EIN (Employer Identification Number) is 46-3924396. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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