What is a private Waqf?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
A type of Waqf (specifically, incorporated Waqf) whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travellers and wayfarers, expats, etc. In this sense, private Waqf is a form of charitable Waqf (Waqf khayri) addressing the needs of a specific group of society.
Private Waqf (Waqf khas) may also refer to Waqf which serves the interest of the Waqif’s children and grandchildren (hence, it is also known as posterity Waqf).
And Allah Alone Knows Best
Mufti Faraz Adam,
I Waqf Shariah Advisor