WAQF (endowment) is an important institution in the Islamic social framework that can harness the potential of selfless charitable giving for better economic impact in targeted segments of society.
Basically, waqf is similar to the endowment concept demonstrated by universities such as Cambridge, Harvard and Oxford, which were established under endowment programmes. Harvard Endowment, Harvard University’s largest financial asset, is made up of more than 13,000 individual funds invested as a single entity.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!