What does waqf stand for?

Published by Charlie Davidson on

What does waqf stand for?

A waqf (Arabic: وَقْف‎; [ˈwɑqf]), also known as hubous (حُبوس) or mortmain property is an inalienable charitable endowment under Islamic law. It typically involves donating a building, plot of land or other assets for Muslim religious or charitable purposes with no intention of reclaiming the assets.

What is the difference between waqf and trust?

(1) A waqf may be constituted only for those purposes which are recognized as religious, pious or charitable in Islam whereas, a trust may be constituted for any lawful object. (4) A waqf is generally perpetual and irrevocable, whereas, a trust need not be perpetual and may also be revoked under certain conditions.

Who owns waqf property?

The waqf is managed by a mutawali, who acts as a supervisor. It is similar to a trust established under the Indian Trusts Act, 1882, but trusts can be set up for a broader purpose than religious and charitable uses. A trust established can also be dissolved by the board unlike a waqf.

What is a wakf property?

(r) “wakf” means the permanent dedication by a person professing Islam, of any movable or immovable property for any purpose recognised by the Muslim law as pious, religious or charitable and includes—

What is private waqf?

Private Waqf- This type of Waqf is created for the settlor’s own family and his descendants and is also known as ‘Waqf-ulal-Aulad’. It is a kind of family settlement in the form of waqf.

Who is a mutawalli?

Mutawalli is manager of the waqf-property. The person, who supervises or takes over the management of a waqf, is called the mutawalli. He is superintendent of the property.

What is the difference between trust and bailment?

TRUST AND BAILMENT Bailment only applies to personal property i.e. chattels while trust applies to as all kinds of property. The bailee has only a special property or special ownership of the goods bailed, whilst the general property or general ownership remains in the bailor whereas, the trustee is the full owner.

Can a waqf be revoked?

Once a waqf has lawfully been constituted, it cannot be revoked. In the creation of waqf it is implied that since the ownership of the property is presumed to vest immediately in God, the settlement is irrevocable.

Will Muslims law?

A Will is a legal declaration of transfer of property by a person after his death. In Islamic law, a Will executed by a Muslim is known as ‘Wasiyat’. The person who executes the Will is called ‘legator’ or ‘testator’ and the person in whose favour the Will is made is known as ‘legatee’ or ‘testatrix’.

Who can challenge a Hiba?

A stranger cannot challenge the validity of a gift on the ground that the gift is bad as no delivery of possession has been made. A gift on this ground can be challenged only when the issue is raised between the donor or those claiming under him on one side and the done and those claiming under him on the other.

Who appoints mutawalli?

Primarily, the right to appoint a mutawalli is given to the waqif himself. Failing him, mutawalli may be appointed by the executor of the waqif if the waqif has no executor, the existing mutawalli may appoint his successor provided he is on his deathbed.

What is waqf ul Aulad?

‘Wakf’ means transferring the ownership of the property in the name of GOD for religious or charitable purposes. Deed of Wakf-alal-aulad is a type of deed where a person donates any kind of property for Muslim charitable purposes. The donated property/asset is held under the Charitable Trust.

Categories: Blog