Washington Supports an Islamic-Compliant 529 Offering
Washington Supports an Islamic-Compliant 529 Offering
(Signatories at the bottom)
(Signatories at the bottom)
Embedded Files
Dear Members of the WA529 Committee,
We, the undersigned, respectfully request your support in instituting an Islamic-Compliant 529 College Savings Plan Offering in Washington state.
On behalf of the 8+ members that make up the Washington Muslim Coalition, we write to express our strong support for the state’s effort to develop and offer an Islamic-compliant 529 college savings option. Such a plan would be historic, as the first Islamic-compliant 529 option in the country.
As you are aware, Washington is home to a vibrant and diverse Muslim community, including thousands of families committed to saving for their children’s education while also adhering to the ethical principles of their faith. At present, these families are excluded—functionally, if not formally—from accessing the benefits of 529 plans due to the structure of conventional investment products, which typically involve interest-bearing instruments and companies whose practices conflict with Islamic ethical standards.
Islamic ethics require that investments avoid:
Riba (interest or usury): Any guaranteed or interest-based return on money is strictly prohibited.
Gharar (excessive uncertainty): Speculative transactions must be avoided.
Haram industries: Investments must exclude sectors such as alcohol, gambling, pork products, tobacco, and certain entertainment industries.
Ethical profit-sharing: Permissible investments typically involve asset-backed, risk-sharing structures such as Ijara (leasing), Mudarabah (profit-sharing), and Sukuk (Islamic bonds).
The introduction of a 529 plan aligned with these principles would not only be a matter of financial inclusion, but also of equity and religious accommodation—core values of Washington’s state government. As public servants, you have a powerful opportunity to ensure that all Washingtonians, regardless of faith, can equitably participate in long-term financial planning for higher education.
We believe that demand for such a plan would be significant. If the plan were made available to non-residents, Muslim families from across the country would enroll in it. Many families in our community are eager to save for college but have refrained from participating in current offerings due to religious concerns. An Islamic-compliant option would not only empower these families, but would also strengthen the reach, relevance, and participation in WA529 overall.
Offering an Islamic-compliant 529 would place Washington at the forefront of inclusive financial innovation, modeling a forward-looking approach that centers equity, respect for religious diversity, and access to opportunity for all. We thank the Committee for considering this deeply important issue, and we would welcome the opportunity to provide community feedback or assist with outreach and education as this initiative moves forward.
Sincerely,
CAIR-Washington + Washington Muslim Coalition
[scroll down to read signatories]
Signatories
Signatories
Current total: 5 Organizations, 330 individuals.
Parents
Parents
Theresa Crecelius
Sarah Karim
Khan hasan
Ala Hassan
Raif Majeed
Sakina resmath
Kareem Moulana
Saima Moulana
Sumayyah Waheed
Swia
Nausheen Kasmani
Asim Mahmood
Baber Mohammad
Fauziya Mohamedali
Farhat Nisa
Amina Ashraf
Hân Trần
Hussain Aslam
Idris Yasin
Ahmed Botan
Nazma Dreyer
Shameena Islam
Farheen Ahmed
Omar A
Mustafa Mohamedali
Aisha Shafique
Amina Melody Pryor
John Pryor
Huthayfa Ateeli
Aysha Mohiuddin
Antonio Glenn
Matthew Miller
Chris Blauvelt
Azhar Kothawala
Mohamed Mattar
Ali Shafiq
Irfan Shuttari
Tauhid Awan
Mohammad ishaq
Jawad A. Khan
Khaled Taha
Asad Helal
Roy Martin
Sam Alkharrat
Syed Qadri
Mohomad Al-Sawah
Mike
Joe Bradford
Mahmoud Farrag
Talha Khan
Mudassir Qurashi
Imtiaz Ahmed
Mushtaq Hussain
Husam Hamed
Mohammad Abu Zaid
Usman khan
Raji Atari
Saqib Rashid
Jamal dodin
Rafi-uddin Shikoh
Mustafa ali
Firdos Fazal
Salman Shakeel
Yamaan Saadeh
Hazem Mahmoud
Abdul Hameed
Abdulkader Thomas
Nema Hussein
Mahmoud Charif
Hala
Laila Abu Zaid
Bashir Rawas
Ahmed Nazimuddin
Ahmad T. Sulaiman
Amr Matoq
Afshan Mohiuddin
Ahmad Anjak
Omar Mojaddedi
Mohamed Ibrahim
Adeel
Farrah karmally
Shafi Ahmed
Maisaa khalil
Mohammed Aslam
Farooq Khan
Malek Bendelhoum
Aamir Nooruddin
Seedy kinteh
Kamal
Lamin Janneh
Danish Farooq
Johan Abdul Razak
Ahmed Elkady
Ali
YB
Mosa sheikh
Muzammil Ahmed
Shehzad Jamil
SULEIMAN Saleh
Maram Khabbaz
Walid Mahran
Muhammed Kamal
Waleed Gabr
Ahmed Sid
Hesham Amr
Nisar Ahamed Doddamane
Haitham Al-Sayed
Amany Killawi
Aziz Ahmed
Amar din
ahmed khalil
Hiba Khan
Islam Abdallah
Nusreth Baig
numair mohammed
Asif Dada
Ifrah
Mevla Rama
Saba Koya
Maryam Bozai
Safeya Shah
Nahi
Zaina Ullah
Yehia Dajani
FAHAD SIDDIQUI
Baber Riaz
Usman Ahmed
Jamal
Zehra Qadri
Yusuf Hai
Nash Qureishi
AZEEZ MALLEY
Altijani Hussin
Sami
Moien Ahmed Malick
Iqbal ahmad
Saud Siddiqui
Mohammed abdul Muqeet khan
Hassan
Samir Abdo
Abdur-Rahman Taleb
Abrar anwar
Mohammad Ali
Inamullah Sharif
Mohammed Shukukani
Dr Nida Malik
Mohammad Omari
Isaac Sajjad
Farah Baig
Omar W
Umar Haque
Aman
Sharjeel Patoli
Adil Hussain
Iqra Kanwal
Khaja Mohsinuddin
MOHAMMED A. SALAM
Nadir Khan
Kashif
Ray Saf
Layale Khalaf
Parvez Ansari
Ahmed El-Bershawi
Basel Salam
Levi Zurbrugg
Harold Light III
Mian Khalid
Asif Farooqui
Boualam Amer
Ahmad Quqa
Sameer
Fatima Arif
Tarek Kudaimi
Mahmoud Zeitoon
Amira Hijazi
Qutub h.
Syed Shamim
Hossain Alamin
Maryam Haque
Nasser Nahshal
Adnan Javed
Nauman Afzal
Mohammed Quraishi
Fiaz Ahmed
Amaar
Imran Kasmani
Teizeen Mohamedali
Mohammad Alsalti
Safoora Soherwardi
Husna Khan
Haroon Mohammad
Daniel Kim
Saqib baig
Matt Curtis
Mostafa Habib
Rehana
Nushrat Patel
Syed M Abululla
Hina Qureishi
Abdul Hafiz
Fauziya Mohamedali
Kareem AbdurRahman
Usman Rashid
Patrick Drum
Nori Tauhidi
Sabak
Aasim Mohammed
Luke Robinson
Maajid Ekkiswala
Michelle Manson
Suleman Umar
imad aziz
Zaid Haque
Hira Niaz
Ahmad Elmahi
MW
Salma Khan
Marc Alim Muhammad
Yasin
Nadine D
Mohammed
Zeinab Abrahim
YOUSEF ABUMOSTAFA
Amr Mohamed
Abbas Tuli
Odera Eneugwu
Fraz Imam
I Imam
Hani Ramadan
Kashif
Adil Asaduddin
Kash Mier
Safia E.
Ahsun Dasti
Hunain Hassan
Lani
Rana Al-Sabawi
Javaid
Abdul Hyee Waqas
Robert W. Boyker
Taha Imam
Mimi Beekth
Taslima Choudhury
Bashir Mekki
Ghous
Ahmed Jimcale
Fahad Shahab
Nada Wafa
Walaa Sarsour
Alia mins
Amjad Syam
Abbes Mansour-Hafifi
maria j.
Magreth Mushi
Hiba Abbasi
Serena Zainal
Ahmed Abdel Aziz
Elena Rumiantseva
Abdelrady Tantawy
Edil jeite
Mohamed jeite
Jamaal Rehman
Uzma Kothawala
Syed Hussain
Hiba absi
Usman
Ahmad
Nausheen Kasmani
Abdul Hyee Waqas
Zhihong Chen
Saba Khalid
Rabeea Ayesha
Bilal Syed
Ashar Khan
Teizeen Mohamedali
Haroon Ghaznavi
Syed Bukhari
Mustafa Mohamedali
Muddassar Mahboob
Sana Hasan
Muzz Imam
muzz.imam@gmail.com
Concerned Parent
shatha ahmad
Mohammed Al-Sadawi
Mohammad Aldiabat
Ebrima ceesay
Maryam
Shireen
Washington Residents
Washington Residents
Nadeem Zafar
Yahya Malik
Nora
Meryem
Suha Mahi Eldin
Faizah Zuberi
Kathryn Grubbd
Michelle Ryder
Alex Gaziano
Nisreen Ghussein
Jenifer Elwanger
Iman Khalaf
Tarik
Shanza Riaz
Salma J.
Yazan Kader
Aftab Farooqi
Luqmaan
Sloane Kreiger
Shahbaz Nadir
Jawad Shafi
Umme Mahbuba
Mohammed Alrahbi
Monem A Salam
Serene Salam
Aisha Sander
Mehran Mohammed
Dr. Hani El-Omrani
Rayyan Salam
Elfahmy
Owais K
Murtaza junejo
Saikou manneh
Abbas Mohamed
Hisham Abdus-Salam
Saleem Shafi
Nick Vitalis-Troupe
Abdulaziz YA
Jaber Hussaini
Moiz Nizamuddin
Abdallah Salam
Haris Mohammad
Patrick Topor-Madry
Zan Siddiqui
Maya Williams
Kevin Herrington
Jordan von Matt
Gabby Peters
Rochelle Wolber
Kalen Hanna
Michael Lewis
Gus G
Max Kaiser
Jack H
Sophie Martensmeier
Pierce McCrerey
Dani A
Yuliya
Raj Ravishankar
Leesa Parker
Zahir Faruqi
Nadeem Zafar
Yahya Malik
Nora
Meryem
Suha Mahi Eldin
Faizah Zuberi
Kathryn Grubbd
Michelle Ryder
Alex Gaziano
Nisreen Ghussein
Jenifer Elwanger
Iman Khalaf
Tarik
Shanza Riaz
Salma J.
Yazan Kader
Aftab Farooqi
Luqmaan
Sloane Kreiger
Shahbaz Nadir
Jawad Shafi
Umme Mahbuba
Mohammed Alrahbi
Monem A Salam
Serene Salam
Aisha Sander
Mehran Mohammed
Dr. Hani El-Omrani
Rayyan Salam
Elfahmy
Owais K
Murtaza junejo
Saikou manneh
Abbas Mohamed
Hisham Abdus-Salam
Saleem Shafi
Nick Vitalis-Troupe
Abdulaziz YA
Jaber Hussaini
Moiz Nizamuddin
Abdallah Salam
Haris Mohammad
Patrick Topor-Madry
Zan Siddiqui
Maya Williams
Kevin Herrington
Jordan von Matt
Gabby Peters
Rochelle Wolber
Kalen Hanna
Michael Lewis
Gus G
Max Kaiser
Jack H
Sophie Martensmeier
Pierce McCrerey
Dani A
Yuliya
Raj Ravishankar
Leesa Parker
Zahir Faruqi
Jade Nelson
Cate Carlson
Safia Hassan
Cate Carlson
Seth Bentz
Kaela Lee
Justin Daniels
Kelli
Jacob Stewart
Ellen Oman
Adam C
jane carten
Megan Lewis
Amira Alsalami
Allama Hossain
Martha B. Lindley
Eman H
Sadeen Al Ziyad
LA
AA
Kasim Zubair
JT
Naima Aden
Suad Farole
Amal
NS
Jenifer Elwanger
Alaa Alshaibani
Meryem
Peyton Stever
Amirah Ziada
Zahraa
Mohamed
Basel Salam
Hassan hatem
Aishat Sadik
Sabeeh Ahmad
Organizations
Organizations
Indus Venture
MPN - Muslim Professional Network Of Finland
Muslim Aid USA
Clearoute
WA State Muslim- Democratic Caucus
Islamic Association of- Raleigh
Crescent Private Wealth
Supporters from Outside of Washington / Other Role
Supporters from Outside of Washington / Other Role
Ali Ahsan Ali
Sadaf H
Faiz Uddin
Zahid Siddique
Mohammad Alamour
Heba Qatrani
Luqman Thayol
Umair Khan
Zeshaan Mallhi
Zaki Azedani
Khaja Yahya
Ausaf Mohi
Naveed mallick
Muhammad Naufal
Nawaar Salam
Shafiq Gyagenda
Taleb Alsafi
Hena Rahman
Tooryalai
Nadeem Siddiqi
Sherif Elbasiouny
Fadey Samhan
Humza Ansari
Rizwan Ahmed
Khalid Almuti
Blawal Asghar
Mousa Refai
Rasheed Ahmed
Shayan Farooqi
Isam Marawi
Mona Amiri
Suri Mohamed
Wael M
Michael White
Asem Jundi
Haslina Othman
Mustafa Aydemir
Abdulwahid
Basit zafar
SQ
Alaa Mansour
Abdul Wahab Malik
Shariq Iqbal
Muhammad Taha Karimi
Ayman Taleb
Kashif Siddiqi
Haseeb Ilias Basha
Junaid Dadabhoy
JAS
Yusuf Sidique
Sabiha
Khalid Puthawala
Tariq Ausaf
Aishah
Mazen Syed
Ryan Gannon
Miles Davis
Yousuf
Shamael Haque
Sondos Elbershawi
Asifh
Mousa Refai
Rasheed Ahmed
Abid Malik
Mehwish Ahmed
Kashif Shabir
Omar Abdalla
Khadija Moiz
Ashar Wasi
S. Umar
Eldin Feratovic
Fatimah J
Yasser
Marybeth S
Zainab Ezzeddine
PI
Drukeenu Nolan
Bilal
Danial Waseem
Khadijah Thomas
Farrah S. Khan
Sahar Adnan
Owaiz Dadabhoy
Ali Zelmat
Hamid Nazim
Shanavas H
Ramy Nasr
Ameer Ali
Hasna Salam
Fiyyaz Jaat
Uzair Munshey
Marcus Lambert
Assim Mohammad
N N Unus
Nabeel Alauddin
KS
Omar hisham Altalib
Nora Shamma
Dr. Freda Shamma
Dr. Freda Shamma
Yusuf
Daniel Lambert
Carolyn garcia
Giovanni Chacon
Nasryn
Uzair Siddiwui
Khalid
Khadijat Bankole
Tolani Bankole
TOLA ODUNADE
Motolani Odunade
Riyad Shamma
Maysa
Samia Yosef
Amr Albitawi
Imran Ali
Arslan Zaidi
Aisha Shoman
Naveed Mallick
Hassan Imam
Sarah Amador
Aimen abbasi
John Russell
Ihsan
Fahad Hossain
Umar
Faisal Khanfar
Rachel S
Yousuf
Samreen Sultana
Huda
S
Hira Raja
Samra Malik
Mohammed Alhassan
Abdullah Hassan
Zainab A
Maimuna Mahdi
Ayesha Rajudeen
RK
Kawtar
Lisa Kahler
Aftab Butt
Umar Farooq
Sandal Abid
Awa Sanneh
Mohammad Saffouri
Talha Khan
Amjad Minhas
Hani Rustom
Tayaba A
Syed Abdul Hameed
Habib
Danial Khan
Ferhan Aziz
Zuhair Mohammed
Khalid Syed
Hassan B
Dee Daval
Rewan A
Fahmida Zaman
Maryam
Maria Khan
Rameesha
Sammy Alsadek
Ahmad Elkhouly
Ali A
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