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Islamic Finance


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Usufruct Waqf


A waqf of the usufruct (manfa’ahmanafi’) of a rented property. It is a temporary waqf (waqf muaqqat) which only lasts for the duration of the lease contract (aqd al-ijarah). Temporary waqf is only considered a valid form of waqf by the Malakis (Malikite school of Shari’ah), while all other schools only deem perpetual waqf as valid.


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