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Waqf, Endowment, or Trust concept under Islamic traditions

The Waqf or Endowment concept has a long history in Islamic tradition going back to the time of Prophet Muhammad (Sallallahu Alayhi Wasallam) and the early Muslim community. Waqf is an Arabic term that refers to the permanent dedication of an asset, such as property, money, or other resources, to be used for a charitable or religious purpose.

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