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Islamic Finance




Waqf ala al-Nafs


Arabic (وقف على النفس) for self-dedicated waqf; a form of waqf (Islamic endowment) in which the ghallah/ income/ usufruct of the assets (property) assigned as endowment is retained by waqif (the waqf donor) as long as he/ she is alive. Thereafter, the waqf revenues will go to charity (it may also become waqf khayri).



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The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
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