Imam Abu Yusuf and Imam Muhammad Says: Waqf signifies the extinction of the waqf's ownership in the thing dedicated and detention of all the thing in the implied ownership of God, in such a manner that its profits may revert to or be applied "for the benefit of Mankind".
There is no direct injunction of the Quran regarding Waqf, but there is a hadith which says "Ibn Umar reported, Umer-Ibn-Al- Khitab got land in khyber, so he came to the prophet Muhammad Swl and asked him to advice him about it. The Prophet said, if you like, make the property inalienable, and give the profit from it to charity." Waqf means the permanent dedication by a Muslim of any property for any purpose recognized by the Muslim law as religious, pious or charitable.
As per Wakf Act 1954 (later Wakf Act 1993) enacted by Government of India, Wakfs are categorized as (a) Wakf by user such as Graveyards, ''Musafir Khanas'' (Sarai) and ''Chowltries'' etc., (b) Wakf under ''Mashrutul-khidmat'' (Service Inam) such as ''Khazi'' service, ''Nirkhi'' service, ''Pesh Imam'' service and ''Khateeb'' service etc., and (c) ''Wakf Alal-aulad'' is dedicated by the Donor (''Wakif'') for the benefit of their kith and kin and for any purpose recognised by Muslim law as pious, religious or charitable. After the enactment Wakf Act 1954, the Union government directed to all the states governments to implement the Act for administering the wakf institutions like Mosques, ''Dargah'', ''Ashurkhanas'', Graveyards, ''Takhiyas'', ''Iddgahs'', ''Imambara'', ''Anjuman''s and various religious and charitable institutions.
In India, the management of Wakf is undertaken by the Central Wakf Council, India, a statutory body under Government of India, which also oversees State Wakf Boards. In turn the State Wakf Boards work towards management, regulation and protect the Wakf properties by constituting District Wakf Committees, Mandal Wakf Committees and Committees for the individual Wakf Institutions. As per the report of Sachar Committee (2006) there are about 5 lakh registered Wakfs with 600,000 acres (2,400 km²) land in India, and Rs. 6,000 crore book value.
Category:Islamic terms Category:Islam in India Category:Philanthropy Category:Ottoman Empire
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