Derivatives

Trinomial Tree

March 7, 2023
Islamic Finance

Usul al-Fiqh

March 7, 2023

Share

A waqf of the usufruct (manfa’ahmanafi’) of a rented property. It is a temporary waqf (waqf muaqqat) which only lasts for the duration of the lease contract (aqd al-ijarah). Temporary waqf is only considered a valid form of waqf by the Malakis (Malikite school of Shari’ah), while all other schools only deem perpetual waqf as valid.

Leave a Reply

Related Tags

All Topics in the Letter