Mufti Online — Madrasah Ta'leemuddeen

Is establishing a family trust acceptable in Islam?

Published as Family trusts

· 25 Dhuʻl-Hijjah 1434 AH1 min readEnglish

Question

Is establishing a family trust acceptable in Islam? If so what are the conditions?

Answer

Presently the family trusts that are in vogue are done mainly for legal purposes and convenience. The waqf is a totally different thing and it has its own set of rules and conditions. The waqf can also be done for a family and the family may lay down the conditions of the trust. We will be in a better position to study the conditions and then see if they all conform with the Shari`ah.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/4235
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