Fiqh muasarah: dealing with cash waqf and mua’qat waqf

Slide presentation for "Fiqh muasarah: dealing with cash waqf and mua’qat waqf"

Issue 1: Cash waqf
Issue 2: Mu’aqat waqf

Fiqh Mu'asarah in the field of philanthropy refers to the application of the principles of contemporary Islamic fiqh in the practice of charity, donations, and social initiatives aimed at helping society in accordance with the current context, needs, and challenges. Waqf is an Islamic practice where someone donates a valuable asset like land or property for public benefit, such as building a mosque or school. The asset cannot be sold, inherited, or given away, and the reward for the donor continues as long as people benefit from it. Waqf comes from the Arabic word meaning "to stop" or "to withhold," and it is considered a form of continuous charity (sadaqah jāriyah) in Islam. (Zulkifli bin Mohamad al-Bakri, 2019) There are different types of waqf. Some are for specific purposes (Wakaf Khas), others are general and used wherever needed (Wakaf Am). Waqf can also be for family members before it benefits others. It can last forever (Wakaf Muabbad) or for a certain time (Wakaf Muaqqat). Today, waqf can also be in the form of money (Cash Waqf), education, or businesses to match modern needs. (JAWHAR, 2021)