Waqaf
ALL ABOUT WAQAF
ALL ABOUT WAQAF
What is Waqaf?
In Shariah, the term Waqaf means a voluntary charitable endowment by a Wakif (a donor) of any property held from any arrangement of sales or purchase, inheritance, grant or bequest, from one's personal belongings or wealth in the form of property or cash for Shariah compliant causes.
The benefits of these endowed properties are meant for general welfare or specific (set) with the intent to be closer to Allah SWT. Once it is dedicated as a Waqaf, the ownership of the asset is transferred to Allah SWT to allow a perpetual usage for charity.
PILLARS OF WAQAF
PILLARS OF WAQAF
THE DONOR
A person who is independent, reached puberty (baligh), equipped with intellect understanding and is willingly pleased (redha) to Waqaf his/her property or properties.
Must fully possess the Waqaf property, meaning it is free to grant the property to whomever he/she wishes. Voluntary will and is not forced.
THE WAQAF PROPERTY
The property must be something that can be used for beneficial purpose. The Waqaf property has a value (Mutaqawwin).
The Waqaf property is the property of the donor (Wakif). The use of Waqaf property must be for good purpose and permitted by Islamic law.
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BENEFICIARIES OF THE WAQAF
Whether a specific recipient or more. For non-specific recipients i.e. endowed to specific groups such as the poor.
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STATEMENT OF WAQAF
Akad is required to confirm the Waqaf, made in the form that can be understood or written for a particular purpose of Waqaf.
Through the utterance of either Soreh (a clear pronouncement with specific meanings such as "I intend to Waqaf my house for the poor") or Kinayah (a pronouncement that brings many purposes such as, "My assets are for charity to the poor").
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WHAT IS CASH WAQAF?
WHAT IS CASH WAQAF?
Cash Waqaf are Waqaf received in the form of cash from the public.
The benefits of the Cash Waqaf will be used for the welfare and development of the ummah, as well as channeled and be used for various initiatives for the benefit of the religious and socio-economic development of the ummah such as the construction of schools, mosques, surau and so on.
This method is accessible for everyone and requires no big capital, therefore opening the opportunity to the public to contribute to Waqaf.
FEATURES & BENEFITS
FEATURES & BENEFITS
Purification of wealth
Impactful contribution to the community
Convenience of making Waqaf donations online 24/7 via Hong Leong Connect
MORE INFORMATION
Q: What is Waqaf?
A: In Shariah, the term Waqaf means a voluntary charitable endowment by a Wakif (a donor) of any property held from any arrangement of sales or purchase, inheritance, grant or bequest, from ones’ personal belongings or wealth in the form of property or cash for Shariah compliant causes.
Q: Who can contribute to Waqaf?
A: Everyone can contribute towards any participating Waqaf via Hong Leong Connect with a minimum contribution of just RM10.
Q: Why should we contribute to Waqaf?
A: It is a continuous reward for the Wakif, as long as the Waqaf exists, as the benefits from the Waqaf will still accrue to the person even after his or her death. It is an investment for the Hereafter.
Through centuries, Waqaf has been one of the foundations of the Islamic economic system. It provided, amongst others, education, health services, clinics and hospitals, mosques, madrasahs, universities, and several other public utilities.
Q: What is Hong Leong Islamic Bank’s role in the Waqaf contribution?
A: The Bank provides the online payment gateway for our customers to contribute to Waqaf.
Q: How do I contribute to Waqaf via Hong Leong Connect?
A: You may contribute via JomPAY. For your easy reference, the following are the list of Biller Codes of Waqaf Authorities via JomPAY (as at 30th August 2021).
| No | Biller Code | Waqaf Authority |
|---|---|---|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 |
10488 20461 30452 31823 34116 44024 5090 51318 51672 52829 5314 53868 58974 59873 61952 6700 71266 80580 80804 81679 8581 15511 2964 29892 89342 53199 58438 |
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