Structuring Investment Waqf Funds to Support Startups in Algeria: A Proposed Vision

Abstract

This study explores the emergence of "Venture Waqf Funds" as a sophisticated hybrid model that integrates the perpetual nature and philanthropic core of Islamic endowments (Waqf) with the high-stakes, high-impact dynamics of venture capital (VC). The research navigates the complex financial and legal architectures required to mobilize waqf capital toward startup ecosystems without compromising the sanctity of the principal asset.

By employing an analytical–synthetic methodology—drawing from Islamic jurisprudence, modern VC frameworks, and corporate governance literature—the paper proposes a series of practical structural models. Central to these is a two-tier governance framework designed to insulate waqf assets from direct exposure while enabling professional fund managers to pursue aggressive growth.