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What is Wakaf?
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Literally Wakaf means to stop, contain or to preserve. In shariah, a Wakaf (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.
Its purposes must be:
1. Pious
2. Religious
3. Charitable
Once it is dedicated as a Wakaf, the ownership of the asset is transferred to Allah S.W.T. allowing a perpetual use for charity.
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