What is a family Waqf?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Family Waqf is the Waqf in which the income or usufruct is reserved for specifically described persons, usually family members and relatives. The income or usufruct of such Waqf goes to a charitable purpose when none of these persons exist. [AAOIFI Shariah Standards]
And Allah Alone Knows Best
Mufti Faraz Adam,
I Waqf Shariah Advisor