Understanding Waqf: A Pillar of Islamic Phi...

Understanding Waqf: A Pillar of Islamic Philanthropy and Law

Author Name : Sheela Kumari

ABSTRACT Waqf, an Islamic endowment of property for religious or charitable purposes, is an essential component of Islamic law (Sharia). This article aims to explore the concept of waqf, its legal foundations, and its role in socio economic development within Muslim communities. By examining various forms of waqf, legal interpretations, and their contemporary applications, we shed light on the importance of this institution in fostering social justice, community empowerment, and sustainable development. This article provides a comprehensive overview of waqf while addressing its legal and social implications, aiming to inform readers of its historical and contemporary relevance. By embracing the new framework outlined in the new Waqf Act, stakeholders can harness the full potential of waqf properties, transforming them into vital resources for community upliftment and developmental initiatives.