Finances
Finances of WAQF Board
Source of Income:
- The main source of Income is collection of
- Waqf fund
- Rents and Leases
- Sale of Marriage
- booklets
- Issue of Certificates
- Copying fee, Sale of various forms, and Installations of Hoardings at Waqf property
Apart from this there are (6) Big Institutions which are under direct control and supervision of the Board whose offerings are put to auction every year by the Board. Out of the net income, the Board is collecting 7% of Waqf Fund and 10% to 25% of Haq-e-Intezam per annum from these institutions to cover-up the administrative charges. The annual income of the Board is Rs.6.00 Crores
Out of the above income 1% is being sent the Central Waqf Council as its share remaining 6% is utilized for payment of salaries to officers and staff and its other expenditures
The present Board has sanctioned Rs.50.00 Lakhs to each Waqf institutions which are under direct control of Board for providing basic amenities to the devotees and Zaireens they are like construction of sheds, laying of roads at Dargah and construction of toilet blocks, construction of overhead tanks for water supply and renovation of Dargahs
The Waqf Board is also running an I.T.I. at Mahaboobnagar with a strength of 50 students with (3) Trades with the funds of Dargah Hzt. Jahangeer Peeran
There is one School at Nizamabad is also running by the State Waqf Board. Further in number of Mosques morning shift Schools are being run so as to enable the Muslim students to get acquainted with the Islamic studies
Finances of WAQF Institutions
Finances of Waqf institutions are maintained by board