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.