Waqf for Qurbani : creating a Waqf for Qurbani

Fatawa Question

Assalamu Alaykum, I pray this message reaches you in good heath and in a high state of Iman. You may recall I have contacted you in the past with questions relating to Waqf and legacies and you have kindly provided detailed responses to these enquires. I pray you will be able to assist me further. From our previous communications, you will be familiar with Islamic reliefs Waqf programme. Donors are asked to make a one-off donation which is then invested. The annual profits derived from this capital are then used towards project implementation. This ensures the continuity of the Waqf investment year on year. The price of each Waqf share is calculated with Qurbani Waqf in mind u i.e., the annual profits derived from each share should at least be equal or exceed the amount required to perform a Qurbani. I wonder if you can advise what the majority ruling is regarding Qurbani Waqf. I.e., if a person is to invest in a Qurbani Waqf share does this absolve them of the responsibility of performing a Qurbani in the month of Dhul Hajj each year. We know already that the majority opinion is that zakat funds cannot be used to make payment for Waqf so does this also apply to Qurbani? Obviously there may be times where Islamic relief may not be able to fulfill its obligation in performing a Waqf Qurbani in the months of Dhul Hajj. Such as the case in 2006 where two months of Dhul Hajj fell in one Gregorian calendar year. Waqf profits were not sufficient to cover two Qurbanis. In such cases Islamic relief would inform the donor of its inability to perform a Waqf Qurbani and give them the option instead on performing a regular Qurbani for that particular year. Your feedback would be much appreciated and I look forward in anticipation to your response. Jazakallah Khair With Warmest Wishes Wassalam

Fatwa

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Publication Date

2007-07-12

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

3

Data Type

Fatawa

Language

English

Record ID

BIM-784659

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