Introduction Waqf is the one of the Islamic product that government used to make the management of many things that related to muslim people, either giving them or build something that every muslim people can used. For example, someone give their land to build mosque. To understand more about waqf, we need to know its definition. For literally knowledge, waqf can be known as to stop, contain or to preserve. In shariah perspective, waqf means is to voluntary, permanent, irrevocable dedication of a portion of one’s wealth –in cash or kind- to Allah. The origin of waqf understanding is form Ibn Umar, which is the reporter said that, “Umar acquired land in Khaibar”. He came to Allah’s Apostle (SAW) and sought his advice in regard to it. He …show more content…
This waqf can divided into different stages of period time. There are pre-colonial, colonization and post-independence. This stage explains about how the development of waqf happens in Malaysia. There was not much information about the waqf during the pre-colonial. However, in Pahang have law stated the Law Enacted in 1590 CE which is the first codified laws practices to waqf in the country. Besides the Shariah Principle, the law also recognise two types of waqf assets which is immoveable and moveable. In colonization stages, the waqf continue for more than 400 years. This is because the practices of using waqf became wider during the British occupation which is implementation of the secular policies by the British forced the muslim to securities their religious rites. This time the ‘ pondok ‘ education had been created by the Muslim people. On the third stages of waqf development, which is in post- independence era of Malaysia, this waqf practices had been encouraging by the State Islam Religious Council (SRIC). SRIC had empowered the trustee of waqf properties, by appoint any individual or communities acting as the representative and also use waqf asset. Nowadays, many types of step that government and private companies takes to analysis and stimulating waqf development in country. This waqf establish in 2004 named as Department of Waqf, Hajj and …show more content…
Waqf from the perspective of its purpose divided into four categories, which are waqf ahli or waqf zhuri is the proceeds of waqf are designed for the waqf founder children and their off-spring. However, these advantages cannot sell or dispose of the property subject-matter of waqf. Other than that, waqf khayri is the process of waqf are earmarked to charity and philanthropy. This waqf usually used to finance mosques, shelters and many more. Besides that, waqf al-sabil is a waqf which give benefits to general public. And the last is about waqf al-awaridh is held in reserve, so it can be used when emerging happen. However, categories of waqf from the perspective of its output nature divided into two categories, which is waqf istihmari or investment waqf is the waqf asset that intention for investment. For example, the assets are managed to produce income that will be used in construction and reconstructing waqf properties. The second one is waqf mubashar is the waqf assets that used to generate services to the benefits of some charity