Wasiyyah

Literally: wasiyyah: to link one thing with another; to instruct or advise; a promise taken from someone to do something on behalf of the principal during his life or after his death; to assign wealth to another. Technically: a charitable transfer of wealth, either tangible property or usufruct, to be effective after the death of the donor. Some said: instruction for power of attorney or a donation of wealth after death. It is legal and established by evidence in the Qur’an and Sunnah and by ijma’ (consensus). It can be either restricted or unrestricted. Unrestricted: to say: “I have made a bequest of such-and-such to so-and-so. Restricted: to say: “If I die from this illness, or in this town, or on this journey, then so-and-so will have such-and-such.” For further details see ISRA Compendium.


فتح حساب مشترك بالتضامن بين طرفين تجمعهم علاقة نسب
Hibah In The Takaful Industry
If a Person Makes a Bequest to Set Up a Waqf for the Needy, Are His Children Eligible if They Become Needy?

Islamic Financial System ©

 

 


I-FIKR Sponsors