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.
An initiative under MyWakaf by Association of Islamic Banks Malaysia (AIBIM)
A collaboration between banks under Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and state Islamic Religious Councils.
An initiative under MyWakaf by Association of Islamic Banks Malaysia (AIBIM)
 |
Name:
Account number: |
|
|
|
||
 |
Name:
Biller Code: |
An initiative under Yayasan Waqaf Malaysia
| |
Name:
Account number: |
An initiative under Yayasan Waqaf Malaysia
| |
Name:
Account number: |
An initiative under Yayasan Waqaf Malaysia
|
Name: Association of Islamic Banking and Financial Institutions Malaysia (AIBIM)
Account number: |
|
|
|
||
 |
Name: MYWAKAF-AIBIM
Biller Code: |
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.
PIDM Membership Representation
