PROJECT FUNDING STRATEGY


In the name of Allah, the most Gracious, the most Merciful, All praise is due to Allah
  
Alhamdulillah the Brisbane Islamic Centre (BIC) has commenced and completed initial works on it’s site at 161 Underwood Road, Eight Mile Plains. Brisbane.
These works included vegetation clearing and earthworks. 
Alhamdulillah the 10-acre land acquisition and above works have largely been funded by generous families and by community members to a total of approximately $3.5 million. The property has been donated (Waqf) and is held in a trust entity and is unencumbered.
The project is now entering its next phase Insha'Allah with actual construction of the building itself to commence by March 2019. The commencement date, progress and the success of the project is dependent on the Centre receiving financial support from our community.
In summary Insha'Allah the way forward is as follows:
  • The entire project (including land and earthworks) + building construction is estimated to be $22.5 million.
  • Construction of the building itself is estimated at $19 million. 
  • Estimated construction period to be 3 years. 
  • Funding required per year for each of the 3 years is $6.3 million. 
    Donations can be from $50 to $2000 per month to be committed over 12 months by way of a bank debit order.  During the initial 12-month period, should your financial circumstances change, you will be at liberty to opt out of the debit order arrangement at any time.
Donation Table The following table provides a recommendation only of how you can assist the project in achieving its target for the first year.
Donation formats are NOT limited to the above, they may be lesser or larger amounts OR made in 1 lump sum, OR donors may choose to make weekly payments.
Please feel free to discuss other Options that best suits you with any of our committee members. 
We also welcome donations in kind, such as building material, labor, expertise, etc,
Historical table below briefly outlines the project from inception through to construction commencement, Insha'Allah.
Building Construction Program over 3 years.

Towards the end of Year 1 construction, donors can make a choice to either continue on a similar basis as the previous year for a further 12 months OR to increase or decrease their donations OR for whatever reason to stop their contributions.