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Definitions
An Introduction to Waqf: A Primer

Waqf played a major role in the development of Muslim societies. Waqf, which was not a practice known to the Arabs in the pre-Islamic era, gained its legitimacy through the emergence of Islam. Since then, the waqf concept has been used for various economic and social developments. Currently, the Islamic finance industry and the Muslim society at large are looking at reviving the waqf concept after realizing its importance and its relevance to establishing a developed and stable society. 

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