The Importance of a Waqf
Yasir Qadhi
Muslim Central
4.8 • 1.2K Ratings
🗓️ 13 October 2021
⏱️ 9 minutes
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| 0:00.0 | This audio is brought to you by MuslimCentral.com |
| 0:31.0 | Peace be upon you all. |
| 0:34.0 | When I first got accepted to my PSU program |
| 0:37.0 | at EL 16 years ago, they gave us a tour of the campus |
| 0:42.0 | and they asked us, do you know why this campus is named? |
| 0:46.0 | The name that it is? Obviously none of us knew. |
| 0:49.0 | They said back in 1723, when we first opened our doors, |
| 0:54.0 | we announced we're going to have an endowment. |
| 0:57.0 | And Mr. Elihu Yehl gave the largest amount |
| 1:01.0 | of staggering $500. |
| 1:05.0 | As a gratitude to him, they named the university what it is named. |
| 1:09.0 | That $500, can anybody guess what is the value |
| 1:15.0 | of Yehl's endowment right now? |
| 1:18.0 | 30 billion dollars. |
| 1:25.0 | This is what you call visionary planning. |
| 1:29.0 | This is why these institutes are the way that they are. |
| 1:33.0 | Long-term planning. |
| 1:35.0 | And as I was listening to this tour and what not, |
| 1:38.0 | from 500, you know, back then it was 1718. |
| 1:42.0 | Now it is 30 billion. Today I just checked 30 billion dollars. |
| 1:45.0 | It is one of the largest endowments in the world. |
| 1:49.0 | 30 billion dollars. |
... |
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