بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيمِ
الرَّحْمَـٰنِ
الرَّحِيمِ
الْمَلِكِ
الْقُدُّوسِ
السَّلَامِ
1446 - شَوَّال الْمُكَرَّم
الْمُؤْمِنِ
الْمُهَيْمِنِ
الْعَزِيزِ
الْجَبَّارُ
الْمُتَكَبِّرُ
L
O
A
D
I
N
G
Fajr
05:30 AM
✓
Asr
06:30 PM
Maghrib
07:56 PM
Isha
09:45 PM
Jumu'ah
02:00 PM
Waqf Al-Nuqud
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Waqf al-Nuqud (Cash Endowment) represents an innovative form of Islamic charitable endowment that emerged in the medieval Islamic world as a complement to traditional real estate waqf. Unlike conventional waqf involving land or buildings, cash waqf involves donating a sum of money into a fund where the principal is invested or lent (through Shariah-compliant modes) and the profits generated are used for charitable purposes. This form of waqf was particularly developed in the Ottoman Empire, where it became a widespread institution supporting education, healthcare, public works, and social welfare. The cash waqf operates on the principle that the principal amount remains intact and inviolable, while only the income generated is expended. The cash might be invested in commercial partnerships (mudaraba), leased as capital for trade, or provided as interest-free loans (qard hasan). The returns are then directed to beneficiaries specified by the founder, such as students, scholars, the poor, or specific institutions like mosques, schools, and hospitals. Cash waqf offered several advantages over real estate waqf: it was more flexible, required less administrative overhead, could be established with smaller amounts, and could support activities where real estate was impractical. In the Ottoman Empire, cash waqfs funded public fountains, soup kitchens, and even the salaries of mosque personnel. They also provided microfinance to small traders and craftsmen, stimulating economic activity while earning charitable reward. Cash waqf continues to be developed in contemporary Islamic finance, with modern forms including corporate waqf, share waqf, and Islamic microfinance institutions. For Muslims, cash waqf represents the creative application of Islamic principles to meet evolving social and economic needs, demonstrating the flexibility of Islamic law in addressing new circumstances. It embodies the spirit of sadaqah jariyah (ongoing charity), allowing believers to invest their wealth in ways that continue to generate reward and community benefit long after their passing.
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