Types of Waqf

What is a corporate Waqf?

A contemporary type of Waqf where Waqf assets are in the form of corporate shares of company that are issued and managed by a corporate body such as Islamic banks, takaful companies, Shariah-compliant investment companies, etc.

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What is a property Waqf?

A property Waqf refers to all Waqf where the underlying assets are physical assets such as mosques, plots of land, houses, hospitals, offices, buildings, and other properties that can benefit the community.

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What is a private Waqf?

A type of Waqf (specifically, incorporated Waqf) whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travellers and wayfarers, expats, etc.

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What is a joint Waqf?

Joint Waqf refers to a Waqf having multiple types of beneficiaries such as family and charitable purposes. The income or usufruct here is shared accordingly.

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