الاستثمار في الوقف: دراسة فقهية

Waqf or Awqaf is similar to an Islamic endowment fund. It refers to a voluntary instrument created to serve the interests of a society. It is a method to transfer one’s wealth to the beneficiaries whether it is general or specific beneficiaries. Once waqf is created, it cannot be inherited, sold or donated as a gift, because the waqf is only belongs to Allah. The types of waqf can be either movable asset or immovable asset. Therefore, this article aims to define endowments and the ruling of endowment investment from the Islamic perspective, which is based on the Quran, Sunnah, and the opinions of Islamic scholars. Researchers conducted a comparative analytical study of this issue through library research. Additionally, the researchers describe the concept of endowment investment and the legal rulings of investment from the scholars' perspective, which is among the research findings. In conclusion, waqf is an important instrument that considered as a contribution to the society.