Question Summary:
Waqf Proposal

Question Detail:

 
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.
 
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
 
And Allah Ta’āla Knows Best 
Mufti Hussein Issa,
Mozambique
 
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net