Darul Iftaa Mahmudiyyah

Waqf Proposal

· 4 Jumada II 1434 AH1 min readFatwa 25180English

Question

Mr A wants to create a holding trust with a income earning property as its sole asset.

The following will be beneficiaries of the above holding trust.

XYZ Charitable trust – 60% ( this trust will receive 60% of the income and 100% of the capital on the termination of the above trust).

Mrs A – 40% (Mrs A will receive 40% of the income and nothing from the capital).

On Mrs A’s death, 100% of the income and capital will all accrue to the benefit of the charitable trust.

Please advice if this can be implemented from a Shariah prespective.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The Waqf proposal stated in the query is permissible.

And Allah Ta’āla Knows Best

Mufti Hussein Issa,
Mozambique

Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net

References (Arabic / Urdu sources)

شرطه لنفسه ما دام حيا، ثم لولده فلان ما عاش، ثم بعده للاعف الارشد من أولاده فالهاء تتصرف للابن لا للواقف، لان الكناية تنصرف لاقرب المكنيات بمقتضى الوضع

فتاوى الشامى – ج 4 - ص 460 – ايج ايم سعيد

Answered by
Mufti Hussein Issa
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/25180
Fatawa SA: https://fatawa.co.za/fatwa/askimam-25180

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