Author(s): Helza Nova Lita
Waqf (endowment) is one of philanthropy in Islamic teachings that has a social dimension to provide broad benefits for improving the economic welfare of the community. It is interesting to study further how the implementation of waqf in order to create economic justice in society, especially in efforts to alleviate poverty. The virtue of waqf can be seen from two different sides. For recipients of the results (mauquf 'alaih), endowments will spread goodness to those who obtain waqf results and people who need help, such as the poor, orphans, disaster victims, people who have no business. Waqf also provide great benefits for the advancement of science, such as assistance for instructors and students, as well as various services for the benefit of other people. As for the apostle (wakif), endowments are good deeds that will never end. Because the items that are represented remain intact at any time.
Besides the whole item, it must be managed so that it is useful for the public interest.