English: This diagram illustrates the basic structure and components of an Islamic Waqf (Endowment), a charitable trust in Islamic law established for religious, educational, or social welfare purposes. The Waqf structure typically includes the following elements:
Founder (Waqif): The individual or entity that establishes the Waqf by dedicating assets or property. Waqf Property (Mawl al-Waqf): The assets or property dedicated to the Waqf. This can include land, buildings, cash, or other resources. Beneficiaries (Mustahiqeen): Those who benefit from the Waqf, such as the poor, students, or institutions. Trustees (Mutawalli): Individuals or organizations responsible for managing the Waqf and ensuring its proper functioning. Supervisory Body: In some cases, a supervisory body oversees the Waqf's administration to ensure compliance with its objectives and Shariah principles. The Waqf serves as a sustainable model for funding social and religious initiatives, contributing to long-term community welfare.
References:
The Holy Quran, Surah Al-Baqarah (2:261): "The example of those who spend their wealth in the way of Allah is like a seed..." Sahih al-Bukhari, Book of Waqf: Traditions on the establishment and management of endowments. Islamic Jurisprudence, discussions on the legal principles governing Waqf.
Encyclopedia of Islam, Waqf entries detailing its historical and modern applications.