A Waqf can be established to serve any noble cause such as education, medical treatment or environmental protection.
It is permissible to stipulate students and scholars as beneficiaries of a Waqf.
Any institution can be designated as the beneficiary of Waqf proceeds. One may select a hospital as the beneficiary of Waqf.
Any institution can be designated as the beneficiary of Waqf proceeds. One may select a Masjid as the beneficiary of Waqf.
If the Waqf beneficiaries are individuals who have all passed away, the Waqf proceeds should be distributed to the poor and needy.
According to the Hanafi and Maliki schools, it is permissible to stipulate non-existent beneficiaries as future beneficiaries of the Waqf.
According to the AAOIFI Sharia Standards, a beneficiary does not have to accept the Waqf proceeds to be entitled to the Waqf. This is also the classical view of the Hanbali school.
Waqf does not operate based on potential inheritance shares. If children are stipulated as the beneficiaries of the Waqf proceeds, unless one has stipulated a difference in the distribution, all the children will benefit equally from the Waqf proceeds.
It is permissible to stipulate one’s spouse as a beneficiary of the Waqf. This falls under what scholars term al-Waqf al-Ahli.
Zakat is a pillar of Islam with a specific objective and framework. It is an obligatory payment which functions as a faith tax for the development of the faithful and their faith.
Islam has made charitable actions and deeds very flexible and accommodating to encourage people to do such actions more.
The following conditions are pertinent when stipulating the beneficiaries of a Waqf…
The jurists have identified different types of Waqf such as family Waqf, charitable Waqf and joint Waqf. A family Waqf is one which is initially setup solely to serve one’s family. A charitable Waqf is one which is setup to serve the public interest and a charitable avenue from the outset.