Ma`rifat Eqtesadi

*Waqf* (Islamic endowment) has historically played a fundamental role in advancing the economic objectives of Islamic societies. Leveraging the potential of this Islamic institution to address contemporary economic challenges should be a priority for national policymakers. This study is an applied, qualitative research project that employs SWOT analysis to formulate optimal policy strategies for the *Waqf* sector. The central research question asks: What are the optimal operational governance strategies for the development of *Waqf*? The findings indicate that the current state of *Waqf* in Iran is "conservative"—characterized by weaknesses that outweigh strengths—though the available opportunities outnumber the threats. This reflects the status of a stable institution experiencing low growth. Based on the research findings, the primary recommended strategies for expanding *Waqf* within the framework of Islamic governance—derived from expert insights—include: reforming the management structure to ensure sound and robust administration of *Waqf* affairs; adopting modern, targeted, and awareness-raising communication methods; and optimizing the utilization of endowed assets by enhancing the productivity and efficiency of *Waqf* institutions.