Waqf (endowment)
Linguistically, waqf means to hold or restrain. In Islamic jurisprudence it typically means dedicating an asset so its benefit is given in charity while the corpus remains. Waqf may include immovable assets such as land and farms as well as movable assets that remain after use. Unlike ordinary charity that is consumed, waqf preserves the underlying asset and channels ongoing benefit for good causes, even beyond the donor’s lifetime.
Supporting waqf from its inception, building it, and helping address its challenges has been a core objective. Waqf draws its legitimacy in Islam from:
The Qur'an: Allah says in His Book
You will never attain righteousness until you spend from that which you love, and whatever you spend—indeed, Allah is Knowing of it.
And the Sunnah and the sayings of Prophet Muhammad (peace be upon him)
When a person dies, their deeds come to an end except for three: ongoing charity, beneficial knowledge, or a righteous child who prays for them.
Consensus
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