The ICI Oasis Project by ICI WAQF
The ICI Oasis Mixed-Use contract for Phase 3 – Building Structure, Finish Out & Parking Lot was awarded to TriArc Construction LLC. for $12,299,091on 6/27/2024. The project is expected to be completed by August 2025
The ICI Oasis Project by ICI WAQF
Alhamdulliah, the ICI Oasis Mixed Use 62,000 Sqft Commerial/28 Apartments project was awarded to TriArc Construction LLC for $12,299,091.00 on 6/27/2024. The Project Completion date is June 2025.
CONSTRUCTION STATUS
PHASE 01
Foundation completed 2021
PHASE 02
Fire lanes & underground utilities completed 2023
PHASE 03
Contract signed 6/27/24 for vertical structure, parking lot and fire lane. Construction mobilization 7/8/24. Expected completion August 2025

ICI WAQF
- IC WAQF is a 501-C-3 endowment organization
- Established for the purpose of supporting the Islamic Center of Irving
ICI OASIS MIXED USE PROJECT
ICI OASIS is a 62,000 Sq. ft Project with 28 Apartments and 26,000 Sq. ft of Retail/Commercial space. InshaAllah, the annual rental revenue is expected to be $1.5 – 1.8M. All profits from the rental income will be disbursed to Islamic Center of Irving for its Programs and maintenance.
PROJECT FINANCIALS
* Total Project cost $12.3M
* Islamic Development Bank has approved $7M loan
* Community share is $5.3M
HOW CAN YOU HELP?
* Give Qard-e-Hasan for 2 Years
* $10K, $25K, 550K or any amount you can afford
* ICI WAQF will pay back in full and will not ask to donate from this loan
* In case of Emergency, the Qard-e-Hasan will be returned in full within 2-3 weeks


ISLAMIC CENTER OF IRVING
* 92,000 Sq.ft of building, 13 acres land
* 8000+ pray Eid, 4000+ Jumuah
* 900+ Students in ISI, Tanzeel, Sunday School; Multipurpose Hall & Gym
* 500 plus accepted Islam; Successful Outreach & Prison Dawah program
* $350,000 Sadaqah & Zakat Distributed and Annually
* 32,000 Ibs of Food Distributed Monthly