death compensation of Takaful because the submission of Waqf to a religious institution differs from one company to another. Therefore, this research will develop a Waqf-Takaful framework from the distribution of death compensation which is part of the innovation in exploring the potential of empowerable assets for as many participants as possible which has a broader Islamic value toward Maqasiq Shariah, so that the goal of the nation to share the Tabarru fund in form of Waqf fund for Takaful compensation benefits the socio-economy of the ummah as long as its management is governed by a trusted, effective and productive party. This study is done through a mixed-method where the quantitative research aims to deeply understand the phenomena related to research questions and the checklist of Takaful company documentations and the qualitative approach is to explore professional opinion and focus group discussion by interviewing 20 Shariah / Muamalat experts, 20 Shariah panels and 10 industry players who expert in Takaful industry whose very well verses with Waqf-Takaful framework or model in Malaysia. The data will be analyzed in descriptive statistics analysis and a T-test using SPSS. The findings of this study will offer an overview of the proposed Model of Waqf-Takaful operations in the Takaful industry in Malaysia and which will emphasize the issues of the framework, "SOP", challenges, opportunities, and recommendations. It also creates an element of distribution of death compensation in the form of Waqf to religious institutions and makes Waqf in Takaful product as part of the economic network has great potential to give strength to religious institutions that support the development of Islam in Malaysia