Wakaf Services
Create a lasting spiritual legacy (Sadaqah Jariyah) that benefits the community and rewards you in the hereafter.
What is Wakaf?
Linguistically, Wakaf means "detention" or "holding." In Islamic legal terms, it refers to the permanent dedication of a property's corpus (the asset itself) for charitable purposes, while utilizing its usufruct (profits or benefits) for the good of the community.
It is an irrevocable gift made with the intention of seeking Allah SWT's pleasure. By establishing a Wakaf, you ensure that your wealth continues to generate rewards (Pahala) for you even after you have passed away, embodying the concept of Sadaqah Jariyah.
At Networth Solution, we guide you through the proper channels to ensure your Wakaf is legally recognized and spiritually fulfilling.
The Basis of Authority
'Umar (RA) acquired land in Khaibar and asked the Prophet (ﷺ), "O Allah's Messenger, I have acquired land which is the most valuable property I have ever owned."
The Prophet (ﷺ) replied: "If you wish, you may make the property an endowment and give its produce as Sadaqah."
So 'Umar (RA) gave the land as Sadaqah on the condition that it must not be sold, inherited, or given away. He dedicated its produce to the poor, relatives, the emancipation of slaves, Allah's Cause, travelers, and guests.
How to Establish a Wakaf
In Malaysia, the State Islamic Religious Council (MAIN) is the sole trustee for Wakaf. However, Networth Solution, through as-Salihin, facilitates the creation and management of these endowments via various instruments.
Wakaf via Wasiat
You can declare a portion of your estate (up to 1/3) to be endowed as Wakaf upon your demise. We structure this clause within your Wasiat document.
Wakaf via Pri-TI
Endow your Takaful or Insurance policy proceeds. By assigning the policy to a trust, the payout can be channeled directly to Wakaf purposes.
Living Trusts
Create an immediate (Munjaz) effect during your lifetime by placing assets into a Living Trust specifically designated for charitable endowment.
Why Let Others Determine the Distribution
of Your Assets When You Depart?
You have the right to choose the administrator of your estate and its plan of distribution upon your demise. Start your Sadaqah Jariyah today.