لَن تَنَالُواْ الْبِرَّ حَتَّى تُنفِقُواْ مِمَّا تُحِبُّونَ وَمَا تُنفِقُواْ مِن شَيْءٍ فَإِنَّ اللّهَ بِهِ عَلِيمٌ
Ye will not attain unto piety until ye spend of that which ye love . And whatsoever ye spend , Allah is aware thereof .
What is Waqf?
Waqf (Arabic for endowment) is a special kind of philanthropic deed in perpetuity. It involves donating a fixed asset which can produce a financial return or provide a benefit.
The revenue or benefit generated then serves specific categories of beneficiaries. Muslims giving waqf typically donate a building, land or cash with no intention of reclaiming the value gained from them.
إذا مات ابن آدم انقطع عمله إلا من ثلاث: صدقة جارية ،أو علم ينتفع به، أو ولد صالح يدعو له
When a man dies, his deeds come to an end except for three things: Sadaqah Jariyah (ceaseless charity); a knowledge which is beneficial, or a virtuous descendant who prays for him (for the deceased).
Reputable Fund Managers
The purpose of this initiative is to purchase five (5) units of condominium/apartment for transit homes in support of low income families with cancer stricken children undergoing treatment at Hospital Kuala Lumpur. KIWF aims to allocate RM 2,500,000 to purchase these units to be identified as waqf assets.