Sharia legal aspects of cash investment waqf
DOI:
https://doi.org/10.26340/muallim.v26i102.2165Keywords:
cash investment waqf, waqf, Ottoman state, Hanefi mazhabAbstract
UDK
28-74:061.27:336.74(560)“14“
Waqf endowment, as an act of donating property or wealth for public use, has been present in Muslim societies since the first decades of Islam. The institution of waqf has, within its original principles, adapted to the circumstances of time and regions wherein it was founded. It is believed that cash investment in waqfs became widely used around the 9th century after Hijra, that is, the 15th century according to the Gregorian calendar. After that period, it took another one hundred years for the Ottoman state, Hanefi school legislators to adopt this principle in their fatwas and legal procedures in which cash investment income is used for the needs of a Muslim society and its deprived categories, esteemed as eligible to use these benefits for free. Cash investment waqf is one of the most significant contributions of the Ottoman period to the Islamic civilisation. This article presents some legal viewpoints and the instruments used in the Ottoman state in its application, concerning published and unpublished sources.
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