Waqf: (Pl: Awqaf/waqfs)
Literally waqf means to stop, contain, or to preserve. In shari’ah, a Waqf is a voluntary, permanent, irrevocable dedication of a portion of ones wealth – in cash or kind – to Allah. (Also referred to as Sadaqah Jariyyah — perpetual charity). Once an asset is a waqf, it never gets gifted, inherited, or sold. It belongs to Allah and the corpus of the waqf always remains intact. The fruits or usufruct of the waqf may be utilised for any shari’ah compliant purpose in perpetuity, forever. Your eternal fountain of reward / thawaab. A real blessing from Allah.