Waqf
Is endowed money only given or utilized by Muslims?
It is permissible for the benefits of waqf to be given or utilized by non-Muslims as long as it does not violate Shariah law.
What assurance can be given that the endowed money will be distributed to eligible recipients?
All endowed funds will be transferred to MAIWP (Federal Territory Islamic Religious Council) and distributed for both General Waqf and Specific Waqf purposes as intended by the donor. The Zakat Collection Centre (PPZ) and MAIWP will undergo audits by ...
What are the differences between waqf and charity?
The differences between waqf and charity: Waqf: The dedication of assets for public use or specific purposes, cannot be revoked, the primary objective is long-term benefit for society or religious purposes. Charity: Voluntary giving to assist ...
Can waqf be withdrawn or revoked?
No, the endower cannot withdraw or revoke the possession that has been designated as waqf
Does the endower need to declare the source of the funds they want to waqf?
The endower does not need to disclose the source of the funds they wish to waqf.
Will the accumulated funds for waqf generate any earnings or interest?
The waqf funds are only collected or deposited in banks that comply with Sharia principles, hence no profit or interest is gained.
Can the profit from bank interest be used for Waqf?
The money obtained from the interest rate of conventional banks is classified as Non-Shariah-Compliant Funds, and it must be endowed according to the decision of the Special Federal Territories Sharia Legal Consultative Committee Meeting No. 2/2023
What is the definition of Waqf Khairi? Is it different from benevolent waqf?
Both terms denote a charitable endowment that is created with the intention of promoting social welfare, providing for the needy, supporting educational initiatives, or contributing to other beneficial causes in society. With such Waqf Khairi or ...
What is the purpose of Waqf?
The purpose of waqf, as stated by Imam Ahmad bin Hanbal in the definition of endowment according to Shariah, is to draw closer to Allah SWT. The act of waqf is also included in the concept of ongoing charity (sadaqah jariyah), which promises ...
What are the pillars of Waqf?
The pillars of Waqf consist of four main elements: 1. Endower (Wakif): An individual or entity who endows property or assets. 2. Endowed Property (Mauquf): Property or assets given as an endowment for public benefit or specified purposes. 3. ...