What is Social Security Waqf

Waqf is a Sadaqah Jariyyah, a Capital Gift to Allah which is useful for Sustainable development and beneficial to Muslim, Poor, Marginalised, and disadvantaged communities. The important thing is waqf properties must be used for the benefit of needy. It can be achieved through investing the waqf in infrastructure development through the generation of profits from waqf infrastructure and utilization of Waqf property by common and needy public. The proper management of waqf properties through modern techniques of risk and asset management so that maximum benefits can be achieved through any Waqf property is the need of time. The history of Waqf is very old in Madhya Pradesh and this research is undertaken to study the methods used to commercially develop Waqf lands which are regulated by waqf board of MP located in the state of MP. The researcher is trying to find out the potential of economic development through waqf properties in MP and the welfare which can be achieved of poor and marginalized classes in this chapter.