Accounting software for a Waqf (endowment) foundation
A waqf foundation manages permanently dedicated assets -- leased real estate or invested funds -- and distributes only their net returns, never the underlying principal, to the beneficiaries named in the endowment deed, whether orphans, students, or the upkeep of a specific mosque. That means keeping each endowment's accounts strictly separate and tracking income and expense continuously for regulators such as the General Authority for Awqaf.
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How a Waqf (endowment) foundation runs on Artos
From collecting rent on endowed properties and issuing each tenant's e-invoice, to recording every endowment's income separately through Projects so it matches the distribution shares set out in its deed, each waqf's accounts stay cleanly apart from the others. Maintenance and restoration costs run through Expenses and staff salaries through HR, so nothing from one endowment bleeds into another. The result is an automatic net return ready for distribution to each deed's beneficiaries, and a financial report ready to hand the General Authority for Awqaf on request.
Collecting Endowment Income
Every rent payment or return on an endowed asset is invoiced electronically the moment it comes in, so each property's income is documented automatically with no collection gaps or delayed entries.
Keeping Each Endowment Separate
Income and expenses for every endowment are recorded under its own Project, so funds from an orphan-care waqf, for instance, never mix with those of a separate mosque endowment the same foundation manages -- each deed keeps its own budget and report.
Distributing Returns to Beneficiaries
After operating costs are deducted, the net distributable return is calculated according to the shares each endowment deed sets out for its approved beneficiaries, whether that's needy families, charitable bodies, or a religious facility.
Regulatory Reporting and Compliance
Detailed financial reports on each endowment's income and expenses are ready to submit to the General Authority for Awqaf or any other regulator, with no need to manually reassemble data from scattered records.
What Artos adds for your business
Departments switched on automatically on top of Sales, Customers and Financials — the core three every business gets anyway — to cover what a Waqf (endowment) foundation specifically needs.
Project Management
Projects, contracts & progress billing, subcontractors, site logs, and budget control
Invoice fields built for your business
Not a generic invoice template — a Waqf (endowment) foundation invoice carries the fields you actually need.
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The same Artos departments, with fields and screens tuned to how each one works.
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