Derivatives
Quadruple Witching Month
November 20, 2022
Derivatives
Quadruple Witching Week
November 20, 2022

A type of waqf (endowment) in which a person (waqf initiator/originator) designates oneself or some specified individuals as the beneficiaries of the endowment’s revenues or proceeds. However, sometimes the endowment ends up being designated for a charitable purpose. For example, a man may designate some property for himself and then for his offspring and then for a charitable purpose. This type of waqf is considered permissible by the majority of scholars (jumhur), and the stipulations of the waqf initiator are also in line with shari’a and must be duly observed.

Family waqf is also known as waqf ahli, waqf zhurri, or private endowment..

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