Waqf is an Islamic socio-economy institution which functions as a source of funding to and catalyst for community and student development. It has demonstrated diverse and remarkable roles throughout the history of Islamic civilization. Both waqf and endowment are permanent funds with their own specified restriction based on agreement or trust deeds and the principal of which is preserved. The funds are invested and the dividen are used for purposes stipulated by the giver.

There are 2 types of Waqf:
i. General Waqf
General Waqf which is refers to an asset given by a donor (Al-Waqif) without any specific objectives on how it should be used. The asset can be freely managed by a Mutawalli (sole trustee) in accordance with syariah.

ii. Specific waqf,
Specific Waqf with specific objective how it should be used based on agreement or trust deeds. The asset must be managed by a Mutawalli which is Majlis Agama Negeri, in accordance to the specific objectives of the donor and syariah.

Hence, we focused on Specific Waqf which is the beneficiary only for students development and good insfrustructure and provided in the University.

In UniMAP, there is Waqf purposely for Mosque and Complex of the Islamic Centre, Student Apartment, Student Endowment Fund, Academic Waqf Fund and Student Entrepreneurship Funds.