Let’s look at this scenario.
Ibrahim, Adam, Jamiu, and Idris were close friends that did things together during their under-graduate years.
One day, Idris visited a mosque to observe his Salatul Zuhr. After the prayer, the imam that led them in prayer stood up to give a short nasihah or reminder on the importance of giving sadaqah and waqf.
Ibrahim just learnt about waqf and was so fascinated by the idea of waqf.
He learnt that waqf is an Islamic endowment which can be in the form land, building, estate, cash etc and that are donated or bequeathed by individuals, organisations, business etc and are held in perpetual trust to be managed by trustees or waqf institutions. The proceeds from these endowments are then used for or to support charitable activities like scholarship for students, support for widows, orphans, the poor and the needy, e.t.c.
After the sermon, he went back to his room. He met Adam and told him about what he had learnt about waqf. Adam became interested. And asked Ibrahim that he is a student that doesn’t have much and can he donate cash as waqf, Ibrahim responded yes.
While they were still talking about waqf, the other friends, Jamiu and Idris entered the room.
They were informed about what they had just learnt about waqf. They too became interested also.
But they have problems of different purposes they want their waqf to support. Ibrahim wanted to use his own money to support Almajiri, Adam wanted to use his to help the needy and the poor, Jamiu wanted to use his as a scholarship for students.
Idris then told them they can all contribute their money together and invest it in a shariah-compliant, legitimate business or financial service like Jaiz Premium Savings Account (JAPSA) or Jaiz Termed Deposit form Jaiz bank. These are services that yield profits.
Idris added also that they can choose a waqf institution like Almubarak Waqf Foundation to manage their waqf on their behalf during their lifetime and beyond.
Jamiu then asked how they are going to use the profits to support the different charitable purposes they all have in mind.
Idris said that they are going to share the profits based on the ratio of their initial capital they contributed into the business. And so each partner in the business can now take their shares of the profits therefrom to support the charitable purposes they have in mind.
And that they will continue to use the profits of the business or investment like these as long as the business or financial service continue to exist.
Everyone in the room agreed to Idris’s explanation and they went ahead to make cash contributions to do their waqf.
In conclusion, this scenario is meant to teach and make waqf a practice or culture to be embraced by all our youths. I hope you all will embrace this idea and share it with your friends and relatives.
Don’t forget to share with your social media networks as well.
Thank you for reading.
Start your cash waqf today and choose Almubarak Waqf Foundation to help you: visit ⇒ donation page