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Home » Breaking News / Latest News » In a 2-hour Webinar, Jaiz Foundation CEO discusses Zakah and Waqf: Between Theory and Practice – Reports  Kamal Ololade Ahmed
In a 2-hour Webinar, Jaiz Foundation CEO discusses Zakah and Waqf: Between Theory and Practice – Reports  Kamal Ololade Ahmed

In a 2-hour Webinar, Jaiz Foundation CEO discusses Zakah and Waqf: Between Theory and Practice – Reports  Kamal Ololade Ahmed

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The Lagos State chapter of the University of Lagos Muslim Alumni gave the bow to the archer in its Webinar hosted today, Thursday, May 21, 2020 on Zoom titled, Zakah and Waqf: Between Theory and Practice.

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The guest lecturer, Dr. Abdullahi Shuaib who is the CEO of Jaiz Zakah & Waqf Foundation did not only bring his experience to bear on the topic as an old hand in Zakah and Waqf management but also demonstrated the topic is perfectly down his alley.

Dr. Abdullahi Shuaib began his lecture which lasted for about 2 hours by creating textual foundation for the topic through references in the Qur’an and tradition of the Prophet. He quoted Qur’an 3:92 where Allah says, “Never will you attain the good [reward] until you spend [in the way of Allah] from that which you love.”

He explained that it would be found in the commentary of the Quran that the verse was revealed about a companion of the Prophet who gave out is garden as waqf (endowment) to benefit the poor and needy.

He supported the Quran verse with the hadith that says “When a man dies his deeds come to an end except for three things: “Sadaqah Jariyah (a ceaseless charity), a knowledge which is beneficial, or a virtuous descendant who prays from him (the deceased).

He ended the introductory remarks citing the earliest examples of Waqf in the history of Islam which are still running till this present time. In that chronology, he pointed out the first being the mosque in Quba which is still visited by pilgrims today, the mosque of the prophet in Madinah and the well bought by Uthman, the third Caliph from the Jew who was exploiting the people through monopoly of water supply.

The guest lecturer, Dr. Abdullah Shuaib organized his perfect-pitch presentation into about 20 sections where he dwelt more on the concept, conditions, pillars, benefits, challenges, models, types of Waqf and the qualities of a Waqf administrator. He started with the caveat that using endowment as translation for Waqf does not really capture its meaning but it may be used for the sake of general understanding.

Waqf is one of the Islamic financial instruments whereby the owner of an asset, fixed or liquid give over its legal possession to Allah as charity with the condition that the original asset is preserved and not eaten up or inherited and the proceeds from it are used for the purpose for which it is institutionalized. He reiterated that the failure to understand that a Waqf once institutionalized has become the property of Allah is the reason the person giving the Waqf or his heir create issues around it at a later time.

He therefore emphasized the importance of Hujjatu-l Waqf, the deed of the endowment as the document backing the waqf. This document according to him must be taken to the Shariah court to give legal teeth to it.

On the legal and constitutional framework supporting Waqf, the lecturer quoted different sections of the Nigerian 1999 Constitution which recognized Waqf and allows each state to set up its own board for the management of this financial mechanism. Dr. Abdullahi Shuaib however decried the poor utilization of the opportunity afforded the Muslims by these provisions in the constitution especially in the Southern part of the country.

He noted that Waqf can be done by an individual, and encouraged the well to do in the society to take a leaf from a Sudanese philanthropist whose endowment was used to construct lodges for student in and outside his country. He added that having such in place can ease the plight of students who initially find it difficult to settle down in the Diaspora.

Another model is the Waqf done by a leader or king where he gave example of the King AbdulAzeez hotel opposite the Holy Sanctuary in Makkah whose proceeds according to him are used for charitable works and social interventions around the world. He further said that Waqf should not be limited to the rich.

In that vein, the Waqf Jamahiry (general crowd funded waqf) can be used through crowd funding Fintech to allow the poor to also participate in institutionalizing a Waqf to provide infrastructure for a community.

In practice, Dr. Abdullahi Shuaib cited some case scenarios with his Jaiz Charity and Development Foundation to drive home his point. He asserted that through Jaiz Takkaful Insurance, the Charity foundation has spent about 2.6 billion since 2016 on different Waqf projects and intervention.

He listed the benefits of Waqf to include: preventing property abandonment and waste, opportunity for joint ownership and synergy, a way of increasing a country’s GDP, and perpetual reward in this world and in the hereafter.

He contended that Waqf is the best way a person can immortalize himself before his death.
On the sides of the challenge, Dr. Abdullahi Shuaib decried poor awareness and understanding of Waqf among the Muslims, misconception such as restricting Waqf to only fixed assets, poor management which mostly arises from not employing competent Waqf administrator. He listed the qualities of a good Waqf administrator to include: competence, confidentiality, transparency and accountability. He noted that, “Many Waqf dies because of lack of accountability.”

He concluded his lecture by comparing and contrasting Zakah, Sadaqah and Waqf using certain parameters. The moderator, Dr. Khalid Adekoya of the Department of Cell Biology and Genetics, University of Lagos commended the lecturer for the superbly prepared and excellently delivered lecture. He accentuated the need to exploit the windows of opportunity in Waqf in the Southern part of Nigeria.

He hinted that the Secretary of the Muslim Ummah of South West Nigeria Prof. Muslih Yahya was also present at the Webinar and that the Unilag Muslim Alumni would be working with the organization to ensure that the instrument of Waqf is institutionalized.

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