What are the pillars of Waqf?
The
pillars of Waqf consist of four main elements:
1. Endower (Wakif): An individual or entity who endows property or assets.
2. Endowed Property (Mauquf): Property or assets given as an endowment for public benefit or specified purposes.
3. Endownment Beneficiary (Mauquf Alaihi): The recipient of the endownment, referring to individuals, organizations or entities entrusted with receiving benefits of managing the endowed assets for speficic purposes.
4. Declaration of Endownment (Sighah): The expression of statement indicating the intention of endowment, which can be oral, written or through gestures.