WAQF

GOOD AT PROVIDING SUSTAINABLE FUNDING FOR PUBLIC GOODS

Good at

Creating sustainable public goods funding

Proper Management

Proper management, adherence to Islamic legal principles, and community support for its ongoing effectiveness.

TL;DR

INVENTED IN ISLAMIC FINANCE

A Waqf is an Islamic endowment of property or funds for religious, educational, or charitable purposes, where the assets are held in trust and managed to benefit the community perpetually. The Waqf assets cannot be sold or inherited, and the income generated is used for specific purposes defined by the founder, such as supporting mosques, schools, hospitals, or helping the poor. This system ensures long-term community support and preserves the donor’s legacy.

Like Endowments, Waqf’s can be based upon yield (not interest) for more stability. Yield is the returns from productive assets, whereas interest is an invented monetary phenomenon.