Legality of Waqf : is Waqf legally recognized in America

Fatawa Question

Aslam Alaykum. Dear Dr. Monzer, I am doing research on Islamic Waqf on the East African Island of Zanzibar. Zanzibar was ruled by Arabs and later become a British protectorate in 1890. Consequently, the British transformed the traditional Waqf practice in the Island. According to the correspondence of British Waqf commission, investing Waqf funds in stock exchange is accepted by Islamic laws. Kindly, as I am not familiar with the law, I would like to ask your favor to clarify this matter. I will appreciate if you could varnish some Qur'anic and or Hadith evidence. Many thanks. Salaam, Khalfan Amour

Fatwa

Click hereto view more

Publication Date

2010-10-29

Main Subjects

Economics & Business Administration
Islamic Studies

Topics

• Islamic jurisprudence
• United States
• Waqf

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-728367

• APA
• MLA
• AMA