Commitment to Waqf when used

Abstract EN

Waqf is the endowment of an asset by the owner for charitable purposes, and its benefits are permanently exploited when used for the concerned purposes.

The endowment of a property as waqf not only removes the Waqif or owner's right forever but also creates an independent legal entity that, like other individuals, benefits from independent object, title, and capital.

On the other hand, spiritual or intellectual (property) rights are credit and intangible assets endowed by the society under the law to the scientists who have their own ideas and initiatives, providing them an opportunity to take benefits from the short term and exclusive value of these credit rights.

Given the significance and development of these types of property, it is now of paramount importance to know whether or not these newly recognized or immaterial rights are subject to waqf.

In exploiting the object of the lease, the tenant is committed to act in a tenant like manner, observe the Waqf ethics (intellectual rights), cast no aspersions on the spiritual character and status of the waqif and the beneficiary of endowed property, refrain from change-of-use in the object of the lease, and submit the same tenancy to the lessor if the contract is terminated.

In general, a clarification of the scope of the commitments for the parties in a lease agreement makes the parties better observe each other's rights and urges the trustees of the endowments to maximize the use of the endowed properties and to obtain the required information in the shortest possible time, thereby increasing the productivity of the endowments across the country.