A waqf (Arabic: وقف, plural awqaf or habous) is one of the most powerful institutions in Islamic civilisation. An asset — land, money, property — is dedicated in perpetuity to a public-benefit cause. It can no longer be sold, inherited or alienated. Its revenues serve the community forever.
Frequently asked questions about waqf
What is the difference between a waqf and a donation?
A donation permanently transfers an asset to a beneficiary who can freely dispose of it. A waqf preserves the capital: only the revenues are distributed. The asset is permanently removed from commercial circulation.
Is waqf legally recognised in France and the UK?
In France, there is no specific waqf framework yet. In the UK, a waqf can be structured as a charitable trust. Yufeed works with Islamic finance legal specialists.
What is habous? Is it the same as waqf?
Yes. Habous is the term used in North Africa (Morocco, Algeria, Tunisia) for exactly the same Islamic legal mechanism. Both terms are legally interchangeable.
How do I create a collective waqf with Yufeed?
It's automatic. With each purchase made through your Yufeed account, a percentage is extracted and contributed to the collective waqf.
What is a Sukuk Ijara?
A sukuk is an Islamic financial instrument backed by a real asset. Ijara is a lease contract: investors receive rental income, not interest. AAOIFI Standard 17 certified.
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