All About Waqaf

 

In Islamic jurisprudence, a waqaf is the dedication of a specified asset
(mawquf ) by a settlor (waqif ) into the administration of a custodian
(mutawalli ) through a legal instrument (waqfiyyah ) such that the
income or usufruct of that asset benefits a beneficiary (mawquf alaih 
or is used for a stated purpose.

A waqaf is comparable to an endowment, trust or foundation except
that it must comply with the Shariah rules and principles.

Definition of Waqaf

 

Waqaf means to stop, contain or to preserve. In Shariah, a Waqaf (plural: awqaf) is a Sadaqah Jariyyah
(recurring/ongoing charity), a voluntary charitable endowment, from one’s personal belongings or wealth
in the form of cash/property for Shariah compliant causes. Once it is dedicated as a Waqaf, the ownership
of the asset is transferred to Allah s.w.t allowing a perpetual use for charity.

Waqif

Waqif

The party who contributes the asset.
Mauquf

Mauquf

The Waqaf asset.
Mauquf ‘alaih

Mauquf ‘alaih

The beneficiaries.
Sighah

Sighah

The forming of Waqaf.
Opportunity for you to perform Waqaf
Dana Wakaf Al-Bait

Dana Wakaf Al-Bait

An initiative under MyWakaf by Association of Islamic Banks Malaysia (AIBIM)

View Details
Wakaf Air

Wakaf Air

An initiative under Yayasan Waqaf Malaysia

View Details
Tabung Wakaf Masjid Hijau

Tabung Wakaf Masjid Hijau

An initiative under Yayasan Waqaf Malaysia

View Details
myWakaf

myWakaf

A collaboration between banks under Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and state Islamic Religious Councils.

View Details

Talk to us
Please share your details and we’ll get back to you. Or download our QMS app to make an
appointment at your preferred branch. Learn More.