Title: The concept of waqf and it impact to economic development and growth

Based on the slide below give more explanation on each of the point below.

. . INTRODUCTION: The History of Waqf The practice of waqf has been known since long before the present of Endowments have a long history since the beginning of the development Islam brought by the Prophet Muhammad, although with different name of islam. and terms. The Prophet had practiced it before the law of endowments Many places of worship are maintained and taken care, has emerged. then the profit is to finance of them and to honor 01 02 the preachers. tarted simultaneously with the commencement of Place of worship: Masjid al-Haram and masjid The appliance Waqf in the the prophet Muhammad in Medina. al-Aqsa As mention in the Quran, that endowment of waqf Era of Followed by Uthman Bin Affan who purchased has been run since the prophetic Ibrahim. before islam Rasulullah wells and waqf to the interersts of the muslim SAW waqf affairs is the Ministry of Religious There's a lot of dynasties that controlled 04 03 Affairs. The type of want in Malaysia is various regions in the world. divided into two called waqf 'am and -Umayyad, Abbasid, Mamalik, ottoman Waqf in the Waqf In khash. Waqf 'am is a treasure for the Turks and others. Era of Islam Malaysia benefit and socio-economic At the time of the Umayyad and Abbasid many development for Muslims. Wakif is not Dynasties requiring a certain thing on the waqf property, people are flocking to apply waqt rules. but it is the nazhir who responsible on its waqf. Not only for poor, but also for the development of educational While waqf khash is waqf that included a certain conditions institutions, libraries, and payment of the salaries of workers and by the wakif. As an example, the person who is donating a special teachers, evenmore the endowment for scholarship for students. treasure to school, mosque or other means. Definition Characterictis Waqf = Hold, Confide, Prohibit, Detain, Prevent or Restrain. Perpetuity To protect something by preventing it from becoming the property of a third person. Irrevocability Holding a maal (an asset) and preventing its consumption for the purpose of repeatedly extraccing its usufruct for the benefit of an objective representing righteousness of Inalienability philanthropy