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Islamic Finance




Conditional Waqf


A type of waqf (Islamic endowment) whose initiation or dedication of its property (mawqoof) is conditional- i.e., subject to (fulfillment of) a condition set by the waqif (waqf maker/ donor/ initiator). Once the condition is met, the subject matter of waqf is assigned to (made ownership of) a specific beneficiary, including the waqif, per se.

For example, a waqif may set a condition that the property of waqf shall not be passed on to a grandson as long as the waqif’s son is alive. Another example is when a waqif limits the transfer of waqf to a well-to-do family or offspring, in which case it converts into waqf khairi, rather than waqf zhurri.

It also known as a waqf mashroot.



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