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Islamic Finance

  Islamic Finance   |   Terms
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  • March 21, 2023
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Waqf Mushtarak

Arabic (وقف مشترك) for joint waqf; a form of waqf (Islamic endowment) in which the assets (property) assigned as endowment are donated to family as well as charitable purposes (hence it combines both family waqf/ waqf zhurri and charitable waqf/ waqf khayri), and the income/ usufruct generated from the waqf assets/property is shared by the family/descendants and the public.

It is also known as shared waqf, mixed waqf, and combined waqf.


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