Islam propagates the spending of ones wealth in the way of Allah and promises multifold reward in return such as waqf. Waqf have a potential to become one of the important mechanisms regarding the socioeconomics realms in Muslim societies that will benefit the communities as a whole. The landscape for the development of waqf has changed and one of the waqf innovations that attract the world’s attention is corporate waqf that was introduced by Johor Corporation Berhad (JCorp). This study examines the influence of corporate waqf activities by subsidiaries of JCorp in enhancing the company performance as one of the element of return from waqf activities. The methodology used is through an analysis of the financial ratio to evaluate the financial condition and performance of subsidiaries companies that contribute to corporate waqf activities. No doubt, in today’s financial world, ratio analysis is a very vital tool in identifying the financial soundness and cost effectiveness of the company by establishing relationship between the items of balance sheet and profit and loss account. The study accomplished that the Jcorp subsidiaries, which involves in corporate waqf activities are financially sound, where profits and returns generated are satisfactorily, which can attract other conglomerates to participate.

Background: Practitioners in the Islamic finance industry have been overlooked the potential of corporate waqf as a source of funding. Waqf is one of financial instruments which has been applied since the early islamic period in Madinah in addressing issues related to economic development in the community. This is because waqf has been successful in encouraging economic development through various aspects of welfare.Objective: Purpose of this article is to determine the uniqueness of corporate endowments featured by Maybank Islamic Berhad and to view its contribution to the economic development and community’s economic prosperity. Results: The general findings of this study indicate that systematic implementation of corporate endowments is very useful in developing the nation's economic prosperity. Conclusion: The innovation of 'ain corporate endowments that been introduced by Maybank Islamic Berhad is very suitable to be practiced as it was in line with the modernization of the today’s financial system. Keywords: ain’wakaf, corporate waqf, economic prosperity, Islamic finance.