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Types of Waqf

What is a cash Waqf?

  • Post author:Rizwan Rashid
  • Post published:3 July 2020
  • Post category:Types of Waqf
  • Post comments:0 Comments

A cash Waqf is where the underlying Waqf asset is cash. This is usually as seed capital and a holding mechanism.

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What is a corporate Waqf?

  • Post author:Rizwan Rashid
  • Post published:3 July 2020
  • Post category:Types of Waqf
  • Post comments:0 Comments

A contemporary type of Waqf where Waqf assets are in the form of corporate shares of company that are issued and managed by a corporate body such as Islamic banks, takaful companies, Shariah-compliant investment companies, etc.

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What is a property Waqf?

  • Post author:Rizwan Rashid
  • Post published:3 July 2020
  • Post category:Types of Waqf
  • Post comments:0 Comments

A property Waqf refers to all Waqf where the underlying assets are physical assets such as mosques, plots of land, houses, hospitals, offices, buildings, and other properties that can benefit the community.

Continue ReadingWhat is a property Waqf?
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