What are the conditions of a cash Waqf?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
A cash Waqf is another type of underlying Waqf asset. The pre-requisites and conditions which apply to other Waqf assets apply to cash Waqfs too. Since cash is only of benefit when used or spent, it differs from fixed assets such as land and property where the Waqf asset remains. Thus, the jurists state that the value of the initial Waqf capital is what will be the Waqf capital as opposed to any specific note or coin. The initial cash Waqf value will be regarded as the Waqf element. [al-Mawsu’ah al-Fiqhiyyah al-Kuwaitiyyah]
And Allah Alone Knows Best
Mufti Faraz Adam,
I Waqf Shariah Advisor