The Majlis Archive

Finance - Banking - Business The Majlis Vol 26 No 12, p.6

A property was made waqf for an Islamic institution.

Question

A property was made waqf for an Islamic institution. The rental income is to be used for the Madrasah. After a couple of years, the Institution wants to sell the property. The money will be used for the Madrasah. Is it permissible to sell the property?

Answer

It is not permissible to sell the Waqf property even if the funds will be used for the Madrasah. The property remains Waqf for all time and the income has to be incumbently used for the Madrasah.

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Published in
The Majlis Vol 26 No 12
PDF page
6

Appears under ‘DIGITAL PICTURES (approximate).

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