Incorporated waqf is a type of waqf that has full incorporated status and is larger than a certain size in terms of the value of assets earmarked as endowment, and where the waqf foundation is necessarily subject to regulatory oversight.

Incorporated waqf comes in three distinct types (umbrella waqf, private waqf, and corporate waqf):

• Umbrella waqf: a waqf that is incorporated to provide administrative and legal support to an unincorporated waqf that is less than a specific size (in terms of waqf assets).
• Private waqf: a waqf whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travelers, expats, etc.
• Corporate waqf: a type of waqf where waqf assets are in the form of shares of company that are issued and managed by a corporate body.