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An Introduction to Waqf

Gain essential finance skills on this beginner’s guide to Waqf as you discover its importance in Islamic Social Finance.

An Introduction to Waqf

  • 3 weeks

  • 1 hour per week

  • Digital certificate when eligible

  • Introductory level

Find out more about how to join this course

Understand how Waqf can contribute to the growth of Islamic finance

Historically, Waqf has been instrumental in providing education, healthcare, and public utilities. It has also been identified as a key driver for the future growth of Islamic finance.

On this three-week course, you’ll gain a solid understanding of Waqf and its potential to contribute to Islamic finance.

By the end, you’ll know how Waqf is similar to an endowment, its significance in Islamic society, and what the future of Waqf may look like.

Learn the concept and conditions of creating Waqf

You’ll delve into the concept, conditions, and classifications of Waqf to help you understand what classifies as a Waqf asset.

Next, you’ll learn the ten stipulations for the creation of Waqf to understand its key restrictions.

Discover the differences between Sadaqah and Sadaqah Jariyah

Delving into the history of Waqf, you’ll explore its creation during the time of the Prophet as well as the historical development of the Institution of Waqf.

With this strong foundation of knowledge, you’ll then explore the differences between Sadaqah and Sadaqah Jariyah to gain a deeper understanding of Waqf.

Learn from the experts at INCEIF University

Using your knowledge of the history of Waqf, you’ll discover why it has been declining within the past century before exploring the recent call for its revival.

Guided by Dr. Magda Ismail Abdel Mohsin from INCEIF, a world-renowned Islamic finance higher institute, you’ll finish the course with a firm understanding of Waqf and its importance in the future of Islamic Finance.

Syllabus

  • Week 1

    Concept, Conditions and Classifications

    • Welcome to the Course!

      Welcome to the Institution of Waqf course!

    • Concept of Waqf and Conditions of creating Waqf

      In this topic, you will learn briefly about the concept of Waqf and the FIVE conditions when creating Waqf.

    • Classification of Waqf Assets

      In this section, you will learn about the classifications of Waqf assets.

    • Summary and Reflection for Week 1

      This is your opportunity to pause and reflect on what you learned during this week.

  • Week 2

    Restrictions, Stipulations and Difference

    • Key Restrictions of Waqf

      In this topic, you will learn about the THREE key restrictions of Waqf.

    • Ten Stipulations for the creation of Waqf

      In this topic, you will learn about the Ten Stipulations for the creation of Waqf.

    • Difference between Sadaqah and Sadaqah Jariah

      In this topic, you will learn about the difference between Sadaqah and Sadaqah Jariah.

    • Summary and Reflection for Week 2

      This is your opportunity to pause and reflect on what you learned during this week.

  • Week 3

    Past-Present-Future of Waqf

    • Creation of Waqf during the time of the Prophet

      In this topic, you will learn about the creation of Waqf during the time of the Prophet.

    • Historical Development of the Institution of Waqf

      In this topic, you will learn about the historical Development of the Institution of Waqf

    • When and Why Waqf Role has been declined within the past century?

      You will learn briefly when and why Waqf Role has been declined within the past century.

    • Final Summary and Reflection

      Congratulations on finishing the course!

    • What's Next?

      Congratulations, you are almost done with the course! Next, in order to obtain the certificate of completion, you are required to take the course assessment. Details of the course assessment are provided in the next page.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

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Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Identify the concept of Waqf and its significance in Islamic society.
  • Explain the key conditions required for creating a Waqf asset.
  • Classify the different types of assets that can be designated as Waqf.
  • Describe the ten stipulations for the creation of Waqf.
  • Compare between Sadaqah and Sadaqah Jariah.

Who is the course for?

This course is designed for anyone interested in gaining a basic understanding of Waqf and its principles and practices.

It is particularly designed for those who are new to the concept of Waqf and want to know more about Islamic Social Finance.

Who will you learn with?

I am Associate Professor of Islamic Economics and Finance at INCEIF University, specializing in Islamic Economics, Islamic Finance and Islamic Social Finance (Qard Hassan, Zakat &Waqf).

Who developed the course?

INCEIF

INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$349.99 for one year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$109/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Printed and digital certificate when you’re eligible

Limited access

Free

Sample the course materials

  • Access expires 6 Jul 2024

Find out more about certificates, Unlimited or buying a course (Upgrades)

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