Corporate Waqf: A Case of Hamdard (Waqf) Pakistan

Abstract

Waqf is known for centuries in the Islamic history. The waqf is in practice differently by different countries and have few types. Corporate waqf is not widely seen. The sacrifice and devotion required in the waqf made it difficult for many to adopt or use it lately. Pakistan has the good waqf example of Hamdard. Hamdard Waqf working in India and Bangladesh as well. This paper, attempt to highlight the concept of the waqf and specifically corporate waqf. Hamdard (Waqf) Pakistan is the one of its unique illustration of its character. 85% of the profits of the Hamdard set aside by the management for the welfare of the poor, health improvement, education and other humanitarian nature. This study unearths many best practices of the Hamdard to make other learn from the vision, talent and sacrifice of the Hakeem Mohammed Said. Management style and achievement for growth are the major factors for success of Hamdard (Waqf) Pakistan.

Keywords: Waqf, Pakistan, India, Education, Corporate Waqf, Health