Cash Waqf

By |2023-03-27T09:01:39+00:00September 1st, 2020|Fatwas, Waqf|

Scholars differ as to whether it is permissible to make a cash waqf or not. Their opinions are centred around three principles which they claim ensure the validity of a waqf: A waqf must be perpetual. A waqf must not deplete. A waqf must not be movable. According to the above principles, some scholars say [...]

Kafalah (Guarantee) for Shariah-compliant SMEs in the UK

By |2023-03-27T09:00:13+00:00July 2nd, 2020|Blog|

Kafalah (guarantee) is assurance, its original meaning relates to joining and commitment. Technically Muslim jurists differed about the definition of guarantee. The majority of Hanafis defined it as joining the debts or material assets. The second definition of theirs: joining the liability of the warrant or to the liability of the principal for a debt. 1 Guarantees [...]