Waqf is a Voluntary,permanent,irrevocable dedication of a portion of ones wealth-in cash or kind- to ALLAH.Once a waqf,it never gets gifted,inherited,or sold.It belongs to ALLAH and the corpus of the waqf always remains intact.The fruits of the waqf may be utilised for any shari'ah compliant purpose.
"Grants", including mushrut-ul-khidmat for any purpose recognised by the Muslim law as pious, religious or charitable and
A wakf-alal-aulad to the extent to which the property is dedicated for any purpose recognised by Muslim law as pious, religious or charitable. And "Wakif" means any person making such dedication.