A type of waqf whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travelers and wayfarers, expats, the poor and the needy, etc. In this sense, waqf aims to address the needs of a specific group of society. Philanthropic waqf may also aim to serve public interest (maslahah a’amah), i.e., the interest of the public at large (not necessarily that of of specific group).

The property given as endowment (mawqoof) will remain a waqf for perpetuity. That is, it cannot be disposed of either by the waqf donor/founder (waqif) or beneficiaries.

Philanthropic waqf is also referred to as charitable waqf or waqf khairi/waqf khayri.