Waqf and its role in the Islamic economic system
Philanthropic foundations are known in the Islamic world as waqf or habs. Whereas the latter term is used in North Africa and has also entered into the French language, the former is known, with slight variations, in the rest of the Islamic world and has entered into English. The word waqf (pl. awqaf) is derived from the Arabic root verb waqafa, which means to cause a thing to stop and stand still.
Waqf , Islamic economic system
Cizakca, Murat. (2009). Waqf and its role in the Islamic economic system. In Monzer Kahf (Ed.), Encyclopaedia of Islamic economics, volume II, Islamic economic system (pp. 107-113). London: Encyclopaedia of Islamic Economics.
Encyclopaedia of Islamic Economics