- To revive waqf institutions through better legal regulation and management efficiency.

- To become part and parcel of a global effort to revive awqaf institution so that these may once again occupy their past status of being the most frequently used mode of Muslim philanthropy.

- To explore the possibility of a model Waqf Law which may identify certain core issues like survey, audit, management policies and organization structure, etc. which every waqf legislation should strive to have.

- To promote networking among the experts in waqf laws, Islamic and management of various countries.

- To exchange information regarding waqf laws and management in various countries with a view of bench marking the best practices.

- To promote and fund more researches on waqf issues, particularly in the areas of law and Islamic management.