ABSTRACT
This chapter presents the revival of waqf in both its forms – immovable and movable – to demonstrate the potential of waqf in order to integrate it with contemporary fintech innovations like crowdfunding and blockchain. With reference to blockchain technology, which is a decentralised public ledger, it has been used for different applications, from security, shipping, to commercial transactions. WaqfCoin, using modern technology, which integrates crowdfunding and blockchain, will promote charitable endowment. In Malaysia using one of the ten stipulations which is istibdal, an old waqf school was converted into a college known as Al-Mashoor Maahad in Penang. There has been huge support for different schemes through online waqf donation based on the waqf shares model. The practice of creating waqf shares in Muslim-majority as well as Muslim-minority countries provides successful cases in raising funds to meet the different needs of various communities.
