Filter by Categories
Accounting
Banking

Islamic Finance




Usufruct Waqf


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.



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    Your email address will not be published.*