‘Waqf’ is an essential element in the Islamic faith. It has contributed greatly to the development of Muslim world. The book studies the current situation of Endowments in the Islamic society. It offers an insight into the causes of the poor performance of ‘Waqf’ in the modern world. The book discusses the factors that hamper the growth of ‘Waqf’ and suggests the measures that could be taken to revive this institution. It’s an attempt to define, discuss, and analyze ‘Waqf’ so as to find plausible solutions and prescribe necessary steps to bring the institution back to the path of success.