What is a Waqf?

Waqf is a financial charitable institution established by withholding one's property to eternally spend its revenue on fulfilling certain needs depending on the choice and conditions made by the 'waqef' or the person who owns the property. 

Simply a Waqf is where assets such as money or business holding or real estate are put aside for the benefit of the others and the future. 

More details coming soon