Possibility of Using Waqf in Commercialization of Knowledge and Technology and A Proposal Model

Waqf is one of the charritable acts in Islamic law. According to Islamic jurisprudence rules, it is possible to land owner that endow his prpperty with intention and purpose of commercialization from knowledge and technology; as in the past people used waqf for advancing and progressing knowledge with different ways and forms of waqf. Using waqf in commercialization of knowledge and technology has very affirmative and positive effects in economy and advancement of knowledge in society. Social cooperation and social justice are it’s results. We must try to culturalize this kind of waqf by informing the public and encouraging well-whishers.