Finance
What Is the Difference Between Eurobonds and Foreign Bonds?
August 17, 2021
Islamic Finance
Waqf Ahli
August 17, 2021

Arabic (وقف الفضولي) for endowment by an uncommissioned donor or founder of waqf (waqif). The uncommissioned waqif unilaterally acts on behalf or in the name of the real waqif (the owner of mal mawqoof– the funds or assets assigned as waqf) without the latter’s consent ab initio. However, this endowment is not considered valid unless the owner’s approval is solicited and secured. In which case, the two become in a principal/ agent (muwakkel/ wakeel) relationship. Otherwise, the waqf is null and void (batil).

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts