The Ruling on Waqf and Whether Its Reward Reaches the One Who Established It

Question:
The Shaykh: The questioner says: I am asking about waqf (an endowment). What are the things that can be established as waqf in the life of a Muslim, and does this reward reach the one who established it?

Answer:
Without a doubt, waqf is among the best of deeds, for it is the ongoing charity, as the Messenger (peace and blessings be upon him) said: He began with ongoing charity, which is waqf, because its reward continues for him after his death. And there was no one among the Companions who had wealth except that he established a waqf.