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What is a waqf?

What is a waqf? Here are some definitions.

Noun
  1. An endowment of land, in certain Islamic countries, given over for religious or charitable purposes.
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Examples
One of the most important funding mechanisms for public services was a private one, the waqf.
This fostered serious debates over cash, the line sometimes being drawn between cash being expended and cash being invested, the latter permitted as waqf property.
Once a building or land is declared a masjid, it falls under the category of waqf and may not be moved, sold or treated otherwise.
It is under Megawati's regime, however, that an attempt to regulate waqf finds its momentous time.
In Arabic, a waqf implies a religious endowment fund, which renders a property unalienable, incapable of being surrendered or transferred.
The demolished houses were occupied by those who were regular tenants of waqf and had paid rent of June and July too.

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