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Islamic Endowment
Why Endowment?
The definition of Endowment in Language is: Solitary.
In usage is: Sole of origin and public utility
It can be permitted to endow any asset, which can be sold and purchased and donated. It includes the (real estate) such as properties and farms, etc., and (movables) such as cash and shares, and others.
Types of Endowment
It is divided into two parts:
Family Endowment: Related to one's family or offspring.
Charity Endowment: Utilized by all Muslim relatives.
The objectives of the Islamic Endowment
1 - compliance with the orders of Allah Almighty in giving and spending.
2 - To achieve the principle of solidarity among members of the nation and the social balance so that love and brotherhood and stability can be spread.
3 - To ensure the existence of money and the perpetuation of utilizing it and the revenue of the Endowment.
4 - To achieve the goals of community development in the areas of social, economic, educational, health and others.
5 - Link to the kinship and ensure the future of relatives not be dependent on others.
The legality of the Endowment
Endowment is legal and welcomed, and the Quran verses and the sayings of the Prophet, peace be upon him, have shown the evidence:
Allah Almighty says: (By no means shall ye attain righteousness unless ye give (freely) of that which ye love), and as Abu Talha heard this, may Allah please him, he took the initiative to endow the best of his property, which is a great palm grove named (Bayruhaa').
According to Al Mustafa (the Prophet) peace be upon him: "If the son of Adam dies, his work stops except for three: ongoing charity, or a useful science, or a good son who prays for him", and according to scholars, on-going charity is as endowment, the other handouts are not ongoing, but the alms taker can utilize and own it.
Ibin Omar, may Allah please him, narrated: that Omar owned a land in Khyber, said: "O Messenger of Allah: I've had a property in Khyber, I had never anything more precious, and so what do you order me to do? The prophet answered:« You are allowed to endow it or give it as charity , but its origin is not sold or purchased, not granted or inherited to the poor, and relatives and slaves and guest and traveler, and no harm if the alms taker eats from it and feeds others(narrated by the collection of scholars).
Othman, may Allah please him, says that the Prophet, peace be upon him, paid a visit to Medina which had no drinking water except the well of Roomah.The Prophet said: «Who buys the well of Roomah and puts his bucket with buckets of Muslims will have (something) better in heaven». Then I (Othman) purchased it with my own money. (Narrated by Al Nisaiy Al-Tirmidhi, a good saying).
What is stated in the verse and prophet sayings is apparent legality of the endowment and Prophet Muhammad, bless and peace be upon him, encouragement and urging his companions to do so.
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