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.