Filter by Categories
Accounting
Banking

Islamic Finance




Waqf Khayri


Arabic (وقف خيري) for charitable waqf; a type of waqf whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travelers and wayfarers, expats, the poor and the needy, etc. In this sense, waqf aims to address the needs of a specific group of society. Waqf khayri may also aim to serve public interest (maslahah a’amah), i.e., the interest of the public at large (not necessarily that of of specific group).

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.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
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    Your email address will not be published.*