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Islamic Finance

  Islamic Finance   |   Terms
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  • November 6, 2021
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Al-Waqf al-Ahli

A type of al-waqf (endowment) in which a person (waqf initiator/ donor) designates oneself or some specified individuals as the beneficiaries of the endowment’s revenues or proceeds. However, sometimes the endowment ends up being designated for a charitable purpose. For example, a man may designate some property for himself and then for his offspring and then for a charitable purpose. This type of waqf is considered permissible by the majority of scholars (jumhur), and the stipulations of the waqf initiator are also in line with shari’a and must be duly observed.

Waqf ahli (also al-waqf al-zhurri) is an Arabic term (الوقف الأهلي) that translates as private endowment (family endowment).


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