diff --git a/CMakeLists.txt b/CMakeLists.txt
index fcea2d054eb..f9246ace5b5 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -712,9 +712,12 @@ foreach(zephyr_lib ${ZEPHYR_LIBS_PROPERTY})
     if(NOT source_list
        AND NOT ${lib_imported}
     )
-      message(WARNING
-        "No SOURCES given to Zephyr library: ${zephyr_lib}\nExcluding target from build."
-      )
+      get_property(allow_empty TARGET ${zephyr_lib} PROPERTY ALLOW_EMPTY)
+      if(NOT "${allow_empty}")
+        message(WARNING
+          "No SOURCES given to Zephyr library: ${zephyr_lib}\nExcluding target from build."
+        )
+      endif()
       target_sources(${zephyr_lib} PRIVATE ${ZEPHYR_BASE}/misc/empty_file.c)
       set_property(TARGET ${zephyr_lib} PROPERTY EXCLUDE_FROM_ALL TRUE)
       list(REMOVE_ITEM ZEPHYR_LIBS_PROPERTY ${zephyr_lib})
diff --git a/cmake/extensions.cmake b/cmake/extensions.cmake
index eaf768478e3..452749c502c 100644
--- a/cmake/extensions.cmake
+++ b/cmake/extensions.cmake
@@ -565,6 +565,31 @@ function(zephyr_library_app_memory partition)
                "-l" $<TARGET_FILE_NAME:${ZEPHYR_CURRENT_LIBRARY}> "${partition}")
 endfunction()
 
+# Configure a Zephyr library specific property.
+#
+# Usage:
+#   zephyr_library_property(<property> <value>)
+#
+# Current Zephyr library specific properties that are supported:
+# ALLOW_EMPTY <TRUE:FALSE>: Allow a Zephyr library to be empty.
+#                           An empty Zephyr library will generate a CMake
+#                           configure time warning unless `ALLOW_EMPTY` is TRUE.
+function(zephyr_library_property)
+  set(single_args "ALLOW_EMPTY")
+  cmake_parse_arguments(LIB_PROP "" "${single_args}" "" ${ARGN})
+  target_compile_definitions(${ZEPHYR_CURRENT_LIBRARY} PRIVATE ${item} ${ARGN})
+
+  if(LIB_PROP_UNPARSED_ARGUMENTS)
+      message(FATAL_ERROR "zephyr_library_property(${ARGV0} ...) given unknown arguments: ${FILE_UNPARSED_ARGUMENTS}")
+  endif()
+
+  foreach(arg ${single_args})
+    if(DEFINED LIB_PROP_${arg})
+      set_property(TARGET ${ZEPHYR_CURRENT_LIBRARY} PROPERTY ${arg} ${LIB_PROP_${arg}})
+    endif()
+  endforeach()
+endfunction()
+
 # 1.2.1 zephyr_interface_library_*
 #
 # A Zephyr interface library is a thin wrapper over a CMake INTERFACE