Waqf (Endowment)

Waqf (endowment) is a voluntary charitable commitment where an individual dedicates a property or assets for religious, educational, or social purposes. The property is usually transferred irrevocably to serve ongoing community needs, with the income generated used to support mosques, schools, or other beneficial projects. The principle ensures sustainable funding and long-term benefit, with the donor specifying the purpose. Waqf plays a vital role in supporting societal welfare, maintaining religious heritage, and fostering community development, functioning as a perpetual charity that benefits society beyond the donor's lifetime.