Can cash be given as Waqf?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Giving cash as Waqf was something of dispute among earlier jurists. Whilst some scholars viewed it as impermissible, others were in favour of cash Waqfs. Ibn Abidin mentions:
“In relation to Cash waqf, there is now customary practice in our lands of such a Waqf and therefore it is in line with Imam Muhammad’s opinion which is the Fatwa position of the Hanafi school which states that Waqf is permissible in any moveable asset which has customary practice.” (Hashiyah Ibn Abidin)
The Maliki school has also permitted giving cash as Waqf as explicitly stated in the Mukhtasar Khalil. Ibn Taymiyyah and other scholars also argued for the permissibility of cash Waqfs.
And Allah Alone Knows Best
Mufti Faraz Adam,
I Waqf Shariah Advisor