Esaale Sawaab: “Esaale Sawaab” or “Isaal-uth-thawaab” means to transfer or dedicate the thawaab /reward of particular good actions or charitable deeds to another person – living or deceased.
Ibadat: (ibadah) an act of worship in obedience to Allah, for the pleasure of Allah. Any action, thought, or feeling that in essence pleases Allah is an act of Ibadat.
Maal: Wealth; any form of wealth ie house, money, shares, business, farms, works of art, gold coins, investments etc
Mutawallee: (f: mutawalliyyah) The person appointed by the waqif/ waqifah
as custodian and manager of the waqf.
Nukud: Money, cash
Sadaqah: generally an inclusive term referring to all forms of charity and benevolence; includes money, goods, a good deed, a smile, a courteous approach, contribution to reconciliation; aiding the cause of justice or making a just decision etc.
Sadaqah Jariyyah: Ongoing, perpetual, or recurring charity. A Waqf is a sadaqah jariyyah
Thawaab: blessings and spiritual reward; a reward from our Creator for doing good, for being obedient to His commands. (see also esaale sawaab)
Thawaab Jariyyah: Ongoing, perpetual, or recurring blessings and spiritual reward.
Tijarah: Trade and commerce
Waqf: (pl Awqaf or waqfs or hubous) literal meaning: to contain, to stop, to preserve; shari’ah meaning: to transfer the ownership of a portion of ones wealth, in cash or kind, to Allah as a dedication for any shari’ah compliant purpose. Closest English term for a waqf is a philanthropic or charitable endowment. Another term often used is “trust fund” or “trust property”. The corpus of the waqf always remains intact. i.e. if it is in the form of a capital asset, the said asset is neither sold (save to improve the corpus), gifted, or inherited.
Waqf-ahli : (syn: waqf-lilawlaad / waqf thurri) A waqf dedicated to family or ones children for a time period which reverts to waqflillah.
Waqf-khaiyri: A waqf dedicated to public charitable purposes and causes.
Waqf-Mushtarak: A combination of Waqf Ahli/Thurri and Waqf Khaiyry. A percentage may be dedicated to family/progeny and a percentage for public charitable purposes and causes.
Waqf-lillah: All waqfs are in the way of Allah. .. whether ahli/ lilawlaad/thurri, khaiyri, or mushtarak.
Waqf capital: the corpus of the waqf; waqf by its nature is a capital asset. Waqf capital is pooled into a waqf fund.
Waqf Fund: the pooled waqf capital that is donated by donors.
Waqf investments: waqf capital is generally invested in either social/religious assets such as schools, madressahs, water wells, masajid, clinics etc economic assets such as shops; apartments; houses; factories etc. Awqaf SA generally invests waqf capital into economic assets in order to produce a waqf revenue or income stream.
Waqf revenue/income: the income derived from waqf investments.
Waqfs: (syn: awqaf)the plural for waqf in English.
Waqif: (f: waqifah) The person making a waqf i.e the donor of funds or assets in the form of waqf.
Waqifoon: The plural for waqif (f: waqifah)
Waqfiyyah: A written deed, document, or charter setting out in detail the waqf that has been made, its purpose and the terms and conditions governing its use and management thereof.
Wasiyyah: The portion of your estate over which you have freedom of testation.The Islamic will is divided into fixed portions and flexible portions. Regarding the fixed portion (66 2/3%), the testator submits to the shares as stipulated and fixed in the Qur’an. Regarding the flexible portion, the testator may determine beneficiaries (other than the Qur’anic heirs) up to a maximum of 33 1/3%.A waqf may only be made from the flexible portion.