Abstract
Waqf means:- Straitening the origin and facilitating benefit, which has been legitimized by Islam and deputized it so that the employment of the means of production toward the waqf achieve the purposes of the Islamic law, particularly in the context of keeping money and entails a number of economic effects which reflect on the members of the community positively. The most important of these effects: its impact in contributing for receiving wages, profits and redistributing income (concerning beneficiary group), as well as satisfying the needs and achieving sufficiency and increasing exploiting resource, allocating and protecting human element and contributing in making successful economic development in general and particularly in sustainable development and then reaching the most important objectives of Islamic financial planning and managing it efficiently.
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