Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 Waqf Khas – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]

Islamic Finance


[addtoany]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41

Waqf Khas


Arabic (وقف خاص) for private waqf; a type of waqf (specifically, incorporated waqf) whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travelers and wayfarers, expats, etc. In this sense, private waqf is a form of charitable waqf (waqf khayri) addressing the needs of a specific group of society.

Private waqf (waqf khas) may also refer to waqf which serves the interest of waqif‘s children and grandchildren (hence, it is also known as posterity waqf or waqf zhurri/ waqf dhurri).

The property given as endowment (mawqoof) will remain a waqf for perpetuity. That is, it cannot be disposed of either by the waqf donor/ founder (waqif) or beneficiaries.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

[pt_view id=d3cfcfcp7w]
[su_box title="Watch on Youtube" style="soft" box_color="#f5f5f5" title_color="#282828" radius="2" class="" id=""][su_row class=""][su_column size="1/1" center="yes" class=""] [/su_column][/su_row][/su_box]
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*