How Waqf Endowments Built The Foundation of Muslim Society with Maulana Tahir Talati

The Waqf, or endowments, is an age-old Islamic method of supplying public services. Throughout Islamic history, this third space enabled entrepreneurs and the monied to donate to causes that would multiply their reward. Many of the key services from health to education in history were funded by this method and it became a model of giving, emulated by many Westerners. Oxford University, it is said, built its endowment structure on the Waqf model.But what is a Waqf, and why do many call for its reintroduction today? My guest believes in this forgotten sunnah, and has set up an organisation the National Waqf. Maulana Tahir Talati heads the National Waqf, an organisation looking to revive the practice of Awqaf.Let me remind all viewers that to help us continue to engage critical thought at this time, Please consider becoming a member:https://www.thinkingmuslim.com/membershipYou can also support The Thinking Muslim through a one-time donation: https://www.thinkingmuslim.com/DonateListen to the audio version of the podcast:Spotify: https://open.spotify.com/show/7vXiAjVFnhNI3T9Gkw636aApple Podcasts: https://podcasts.apple.com/gb/podcast/the-thinking-muslim/id1471798762Sign up to Muhammad Jalal's newsletter: https://jalalayn.substack.comPurchase our Thinking Muslim mug: https://www.thinkingmuslim.com/merchFind us on:Squarespace: https://www.thinkingmuslim.com/membershipTwitter: https://twitter.com/thinking_muslimFacebook: https://www.facebook.com/The-Thinking-Muslim-Podcast-105790781361490Instagram: https://www.instagram.com/thinkingmuslimpodcast/Telegram: https://t.me/thinkingmuslimBlueSky: https://bsky.app/profile/thinkingmuslim.bsky.socialHost: https://twitter.com/jalalaynWebsite Archive: https://www.thinkingmuslim.comTimestamps0:00 – Introduction2:08 – What is Waqf?3:41 – Purpose of Waqf5:04 – Waqf vs Zakat7:19 - Different Waqfs20:19 – Role of state28:01– Reliance on Waqf29:47 – Islamic economists and Waqf31:10 – Generating funds37:10 – Waqf Political fund47:08 - National Waqf org51:43 – National Waqf structure Hosted on Acast. See acast.com/privacy for more information.