Economic, Jurisprudential and Legal feasibility of Endowing Money and Stocks
Saturday, 13 February 2021 19:24 waqf IAIF endowment 484
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The IAIF held a specialized session on the economic, jurisprudential and legal feasibility of endowing money and stocks on 14 Feb. 2021.

Dr. Khamoushi, Head of the Endowments and Charity Affairs Organization, regarding the feasibility of endowment of money in terms of Islamic jurisprudence said in the discussion of endowment of money, we talk about the confinement of property and the use of profit. If we pay attention to human behavior, in different societies, especially in Iran, over time, waqf has found a higher status. In the early days of Islam, the Muslim became acquainted with the tradition of waqf and the continuation of the action based on this tradition has systematized waqf in terms of legal, organizational, administrative and organizational duties.

If an endowment is out of profit, we can sell it and turn it into capital.

Expanding the endowment of money and securities requires a jurisprudential search and jurisprudential inference. Those who believe that the endowment of money is not correct, their reason for the inaccuracy of the endowment of money is the lack of the condition of the ability to survive the same endowment.

Second view: The accuracy of endowing money is conditional upon having a benefit.

Third view: The accuracy of endowing money is valid according to the survival of its nature. That is, whenever we assume that the survival of the nature of money is imagined from this time on, its endowment is valid.

In waqf, the permanence of the benefit is conditional not the permanence of the endowment property. In other words, another form of endowment of money is based on its nature.

He stated that in my opinion one of these two conditions is necessary in endowment:

1- The same endowment should be preserved and its income should be used.

2- The nature of the endowment is preserved, that is, it is not transferred to anyone, and although the endowment of money is not the same as protected, its nature is absolutely protected because it is neither sold nor inherited, but handed over to use its benefits.

If one dedicates money and spends its benefits on good deeds, it is a permanent benefit. For example, If someone says that I will put 100 million tomans in a bank so that the bank can use the money in construction projects and any amount of the profit of this money is distributed among the needy, it is not in conflict with endowment.

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