Solidarity-based financing for sustainable development Waqf & Zakat

ISLAMIC DEVELOPMENT BANK
Waqf is a Voluntary donation: a
running charity
Waqf literally means tying up of
an asset (Real estate, cash,
etc…) for some specific sharia
compliant objective in such a
way that :
• the Asl أصل)Principle) remains
intact
• and only its Re’a ريع
(usufruct) is spent on the
named objectives
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