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Islamic Endowment (Waqf)
What is an Islamic endowment (waqf)?
The Prophet (God bless him and give him peace) said: “When a human being dies, his work comes to an end, except for three things: ongoing charity, knowledge benefited from, or a pious son who prays for him.”(Muslim)

The establishment of an endowment (waqf) is a recommended act entailing that the owner of a property give up ownership interest in the property (for the sake of God, “to” God) while specifying how it is to be used after its disposition, whereby any financial benefit accruing from the given property be directed to a specified purpose as supervised by some designated manager.

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