abstract:A waqf, also spelled wakf, (, pronounced ; plural , awqāf; , Hisham Yaacob, 2006, Waqf Accounting in Malaysian State Islamic Religious Institutions: The Case of Federal Territory SIRC, unpublished Master dissertation, International Islamic University Malaysia.) is, under the context of 'sadaqah', an inalienable religious endowment in Islamic law, typically donating a building or plot of land or even cash for Muslim religious or charitable purposes.
The North American Islamic Trust (NAIT) is a waqf, the historical Islamic equivalent of an American trust or endowment, serving Muslims in the United Statesand their institutions.
But the world of Islam, in his view, has been held back by institutions like the waqf, a sort of Islamic charity which people sometimes use to create jobs for their families.
On October 7th, Nazareth's District Court ruled that the land in question did not belong to al-Waqf but to the state, and it was therefore up to the government to decide its fate.