Mortgage of endowment instruments

Al-Hazza, Iyas Ibrahim Muhammad

Mortgage of endowment instruments

Document Type : Original Article

Author

Iyas Ibrahim Muhammad Al-Hazza

Associate Professor in the Department of Jurisprudence at the College of Sharia at Imam Muhammad bin Saud Islamic University

Abstract

This research aims to clarify the ruling on mortgaging endowment instruments, and I concluded that the ruling on issuing endowment instruments is related to two issues: the ruling on endowment of money and the ruling on timing endowment, and that the most correct opinion, and God knows best, is the view that it is permissible to endow money; Because all the purposes and rulings for which the endowment was prescribed are achieved in endowment of money, and in some cases it is even better than endowment of fixed assets, and the most correct view, and God knows best, is the view that it is permissible to postpone the endowment; Because it opens the doors of goodness, whether for the donor or the recipient, without causing any mortgaged assets, thus losing the endowment,Among the legal alternatives to mortgaging endowment sukuk: for the beholder to mortgage the newly created building or crops and the like that are connected to the endowment and are not originally a waqf. Likewise, among the legal alternatives to mortgaging endowment sukuk: that the mortgage contract be based on the benefits of the assets represented by the endowment sukuk, as well as their future revenues or yields, and not Be on the verge of stopping.

Keywords

Main Subjects

الفقه العام

References

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