3. Where will the $10 Million PIOUS WAQF Funds be invested?
The PIOUS WAQF recognizes several starting opportunities for Internet Technologies developments, they are as follows:
1. PW hopes to acquire HajjMabrur.net portal for which the pioneer founder Samer Ramadan owned 51%, unfortunately now, non-Muslim Creditors are about to take ownership of this Islamic service because no financing is available, this after successfully testing HajjMabrur.net during the 2011 Hajj season. We hope with your help we can re-acquire it from them if enough people pledge to support this project.
2. If acquisition possible and completed, find and hire a trusted organization to manage the HajjMabrur.net operations and begin making revenues for the PIOUS WAQF. HajjMabrur.net will generate revenues by saving Tour Operators between $70-$100 per pilgrim in management and requesting in return each operator pays $5 per person managed. Revenues are expected to start in 2014-2015.
3. Search and hire a trusted software development company to create Masajiduna.net, a global portal for Shari’A Compliant Social Networking that will save Masajid over $300 Million in web presence costs annually. Masajiduna.net is expected to sustain itself and generate substantial ad revenues to the PIOUS WAQF in 6 years, by 2018.
4. Search and hire a trusted software development company to create Zakatuna.net, a global portal to help organizations manage collection and distribution of Zakat and encourage givers to perform this pillar. Zakatuna.net is expected to result in potential additional contributions form Zakat of up to $1.5 Billion or more annually. Zakatuna.net will be self-sustained from commissions on Zakat. Revenues expected to start in 2016.
5. Search and hire a trusted software development company to create TourIslam.net, a global portal to encourage and manage Islamic and Halal Tourism. With revenues to start by 2016.
6. Search and hire a trusted software development company to create PiousVillage.com, to build and support virtual pious communities for every city or region from around the Islamic world and encouraging Pious Muslim Professionals and Organizations to participate in and encourage all Muslims to do business with them. Revenues will be from Advertising and subscriptions.
There are several additional projects that will require approval by the Board of Trustees. Additional well-studied ideas and projects with feasibility studies are welcomed. We will go one project at a time unless we have a large volunteer force capable of taking on more of those projects.
