It was founded by Malkoçoğlu İbrahim Bey in 1572 and was known as "Aşağı Vakıf" ("lower waqf", i.e. Islamic endowment in Turkish). Donji Vakuf is the Bosnian translation of "Aşağı Vakıf".
From 1929 to 1941, Donji Vakuf was part of the Vrbas Banovina of the Kingdom of Yugoslavia. From April 1993 to 14 September 1995 the town's name was Srbobran (as it was occupied by Serb paramilitary forces). During that time the majority of Bosniaks were exiled to the neighboring town of Bugojno, and on 14 September 1995 Donji Vakuf was liberated by the Bosnian Army. The town then changed its name back to Donji Vakuf.
Demographics
Population
Population of settlements – Donji Vakuf municipality
The village of Prusac lies just outside Donji Vakuf. Bosniaks make a pilgrimage to the nearby holy site of Ajvatovica in June. It is one of the biggest events in Bosnia and Herzegovina.