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Le Waqf consiste à immobiliser un bien rentable et consacrer son usufruit pour l’agrément d’Allah le Très-Haut. Par capital, on entend tout ce dont on peut tirer un profit tout en gardant son entité tel les maisons, les boutiques les jardins etc. Par usufruit, on entend le bénéfice généré par ce capital comme les fruits, le loyer et l’occupation d’une maison, etc. Le verdict du Waqf : C’est une œuvre pie fortement recommandée en Islam. Cela s’atteste dans ce hadith ... If this land on which he wants to build a private shop is land that was given as a waqf (endowment) for the mosque – meaning that it is part of the mosque that was built for prayer, or it is part of its environs – then it is not permissible to use it for private enterprises and personal matters under any circumstances. I would like to know what is waqf and the differences between islamic waqf and endowment or trust fund used in the west. to what extent can waqf benefit the non-muslims. for example can we give scholarships using waqf fund on them? do you think waqf can be part of economic system or alternative to help muslim countries for their economic growth? in your expert opinion, what are the potential problems or hurdles that should be considered in developing waqf ? Waqf is an act of worship which is recommended in Islam (mustahabb). The one who establishes the waqf should be one who has the authority to dispose of this wealth. The property given as waqf should be something from which ongoing benefit may be derived whilst its original essence remains. It is obligatory to act in accordance with the wishes of the one who set up the waqf so long as it does not go against the Shari`ah.
