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Islamic Finance

  Islamic Finance   |   Terms
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  • August 17, 2021
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Waqf al-Fuduli

Arabic (وقف الفضولي) for endowment by an uncommissioned donor or founder of waqf (waqif). The uncommissioned waqif unilaterally acts on behalf or in the name of the real waqif (the owner of mal mawqoof– the funds or assets assigned as waqf) without the latter’s consent ab initio. However, this endowment is not considered valid unless the owner’s approval is solicited and secured. In which case, the two become in a principal/ agent (muwakkel/ wakeel) relationship. Otherwise, the waqf is null and void (batil).


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