Waqf: sustainable service providers for communities

Magda Ismail Abdel Mohsin () and Aishath Muneeza ()

Chapter 4 in Inclusive Finance, 2025, pp 52-70 from Edward Elgar Publishing

Abstract: The institution of waqf (Islamic endowment) has historically served as a cornerstone of socio-economic development and community welfare within Islamic civilisations. Rooted in principles of altruism and sustainability, waqf addresses a wide array of societal needs, including education, healthcare, and environmental preservation. This chapter provides an in-depth exploration of the waqf system, detailing its definition, significance, and types based on purpose and asset nature. It traces the historical evolution of waqf, examines its historical and contemporary roles, and evaluates its governance across various countries. By highlighting waqf's enduring relevance and adaptability, this chapter underscores its potential as a sustainable model for community service and social welfare, ensuring resilience and prosperity for future generations.

Keywords: Waqf; Islamic Endowment; Sustainable Development; Social Welfare; Community Service; Socio-Economic Development; Historical and Contemporary Roles; Governance of Waqf (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035348763
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