WAQFWAQF · FONDACIONI MIRENJOHJA · 2026
Investment Waqf Project
Al-Irfan Bil-Ma’ruf Foundation
A lasting charity and sustainable investment serving people and community
A real-estate waqf in Tirana designed to create sustainable income for orphans, education, outreach, knowledge and charitable work.
32Waqf apartments
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WAQF / 2009-2026
Al-Irfan Bil-Ma’ruf Foundation
Since 2009 - more than 16 years of field work in Albania
Direct contactDirect contact
Reach the Foundation directly for official information, bank-transfer support and donor documentation.
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PROJECT DATA
Project at a glance
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ARCHITECTURE
Architectural vision
A clean contemporary design serving the waqf and the community with clarity.
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FOUNDATION HQ
Foundation headquarters
First floor - a permanent administrative home for future generations
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LEGAL STATUS
Legal & administrative status
Completed
✓
Completion of study and review stages with the competent authorities
✓
Approval of the general project plan
✓
Plan signed by the Prime Minister
✓
Architectural and executive project completed, with official fees and taxes paid
✓
Final construction permit obtained on 21.10.2026
Remaining
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Final cost review and receipt of contractor offers before construction begins
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Notify the Territorial Development Agency 15 days before construction starts
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FINANCIAL POSITION
Current financial position
Support from a previous donation: land value €730,000 (15.4%)
Project land fully acquired
Land registered to the Foundation as waqf - €730,000
The Foundation currently pays rent
The permanent first-floor HQ will eliminate this cost
Studies, designs and approvals completed
Planning, engineering and licensing stages are complete
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FULL TRANSPARENCY
Detailed use of funding
Full transparency - how every euro of requested funding is allocated
Full construction works79.8%€3,191,682
Fees, taxes & permits10.7%€427,093
Studies, designs & approvals3.4%€135,225
Infrastructure & contingency2.5%€100,000
Cost escalation risk (24 months)1.9%€75,700
Registration & mortgage1.4%€55,616
Waqf/HQ fit-out & operations0.4%€14,684
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24 MONTHS
Implementation timeline
Total duration: 24 months
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SUSTAINABLE INCOME
Expected annual returns
Parking spaces€13,989
Commercial units€18,010
Residential apartments (32 units)€110,862
Net annual income€142,861
Expected gross annual revenue
Expected net annual revenue after taxes and expenses
Waqf proceeds will support orphan care, education, outreach, knowledge and charitable work.
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TRUST & ACCOUNTABILITY
Governance, transparency & accountability
The waqf is independently managed under its rules and the Foundation’s system, with full transparency to supporters.
Recognition in donor’s name
A lasting charity in the donor’s name or for whomever they choose, without administrative rights.
Annual independent audit
Accounts audited by an independent office and an annual impact report.
Independent Sharia oversight
Periodic Sharia review ensures compliance with the waqf purpose and allocations.
Independent waqf governance
Managed through an independent board of trustees of 3 to 5 members.
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CAMPAIGN
Funding campaign progress
0.0%Funding campaign progress
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DONOR RESOURCES
Donor resources
Download the complete project dossier or contact the Foundation for official documentation and information.
PDF
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Invitation to participate
We invite benefactors and supporting institutions to help complete this blessed project
A sustainable waqf whose benefit will return to orphans, education and Albanian society as a whole.