Subject : Establishing a Waqf from Zakaat Money is Impermissible
Fatwa Number : 3026
Date : 22-12-2014
Classified : Zakat (Alms)
Fatwa Type : Search Fatawaa

Question :

Is it permissible to establish an Islamic bank whose revenues are dedicated to educating the poor through using a sum from the Zakaat money as a Waqf (an endowment)?

The Answer :

All perfect praise be to Allah. Blessings and peace be upon Prophet Mohammad.

Waqf is a blessed channel of charity for which Almighty Allah Has Dedicated an abundant and a constant reward. In a narration, the Hanafite and the Hanbalite jurists allowed using money as a Waqf to be spent in different channels of charity.

Al-Mardawi reported in his book [Al-Insaaf, vol.7/pp.11]: “Imam Ahmad allowed using money as a Waqf. “ And for further details in this regard, kindly refer to [Rd-Al-Muhtar vol.6/pp.434].

However, it isn`t allowed to use Zakaat money as a Waqf because Zakaat must be put into the possession of the poor. In addition, it isn`t permissible to delay the payment of Zakaat beyond its due time.

Accordingly, it is permissible to use non-Zakaat money as a Waqf dedicated for educational purposes; whereas, using Zakaat money for such an end is impermissible . And Allah The Almighty Knows Best.



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