Definitions for "Waqf"
(pl. awqaf), pious endowment or 'foundation' of certain incomes (commonly rents or land revenues) for the upkeep of a mosque, a hospital, etc. Sometimes the main purpose of such endowment was to provide entailed and unconfiscatable income for one's descendants.
an endowment, an irrevocable grant of the income of property set aside in perpetuity for a religious or charitable purpose. [in Turkish, vakif].
Endowment, a charitable trust in the name of Allah.