The Waqf, a tool for social entrepreneurship

in About the waqf, Finance, News

The Islamic economic system is based on achieving the goals and intentions of Muslim jurisprudence rather than profit maximization. This system differs from all other existing economic systems by its “ethical factor.” This difference is fundamental because ethics embody the common values and determine the structural style of the members of such a society. The […]

The waqf and South Africa

in About the waqf, In the world, News

A little history…. The precise date of the advent of Islam in this country remains enigmatic. Recent studies indicate that its arrival from the north may have taken place as early as the 15th or 16th century when Arab Muslim traders reached Mozambique. During the Dutch occupation in the 17th century, the arrivals were political […]

Origins of waqf

in About the waqf, News

It is well known that charitable endowments have a much older history than Islam, and it is also very likely that earlier civilizations influenced Islam. Ancient Mesopotamia, Greece, Rome as well as the pre-Islamic Arabs were certainly familiar with charitable endowments. The extent to which the Islamic awqaf were influenced by these ancient institutions and […]

The corporate waqf

in About the waqf, Finance, News

Corporate waqf is a creative and innovative activity in the way it uses and applies the concept of waqf. It is about using the modern machinery of a company and its efficiency to optimize waqf’s objectives. Much like the conventional waqf, the corporate waqf can be established through voluntary and pious acts of charity, generosity, […]

The Mutawalli

in About the waqf, News

One of the key elements of the corporate waqf is the Mutawalli, the waqf manager, and his responsibility is to administer it in the best interests of the beneficiaries. The mutawalli appropriately monitors a waqf property to ensure its continued existence and allows beneficiaries to continue to benefit from said property. He may only be […]

The waqf, eradication of poverty

in About the waqf, News

The ethics of Muslim society is marked by a concept of well-being that encompasses the relationships between individuals and their influence with other communities (whether intra-confessional, inter-confessional, or any other), and finally in the relationship between individuals and Allah (Exalted be He). The Waqf is a determining means to achieve this end through all its […]

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The Waqf, a tool for social entrepreneurship

The waqf and South Africa

Origins of waqf

The corporate waqf

The Mutawalli

The waqf, eradication of poverty

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