Types of Waqf compared to trusts : Waqf compared to trust

Fatawa Question

Assalamu Alaykum I came across your website while doing research on how a Waqf concept can be applied in the US. I was found your site to be very informative and useful. Here in Minnesota, our donors want to protect our school through a Waqf , but want that to be a local arrangement and clearly do not want to deal with any national organization. I am trying to make sense of how to make these competing needs work. Can I ask for your advice ? What is the difference between a Waqf in the Islamic setting and a trust in the modern western setting ? Am I correct in thinking that in the old days, the Masjid or the school was not a Waqf ; rather agricultural land that produced revenue was placed in a Waqf to help support the Masjid or school ? If that is correct, why do people nowadays still want to put the Masjid or school in a Waqf ? As the foremost expert in this field, your advice would be appreciated. Sincerely, Asad

Fatwa

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Publication Date

2008-01-07

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Waqf
• Confidence

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-728359

• APA
• MLA
• AMA