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Source:
الوطن
Authority Specifies 8 Endowment Assets
The Supreme Waqf Office has identified eight types of assets that can be endowed, which include real estate, movable property, benefits, intangible rights, cash, companies, shares and stakes, and units in investment funds and portfolios. The guidance document aims to inform endowers about the advantages and conditions of each asset type, along with criteria for selecting the appropriate asset based on the purpose of the endowment, such as the duration of the endowment, the size of the endowment, the type of beneficiaries, and the asset’s potential for growth and sustainability. Real estate is considered more stable in terms of income and tends to appreciate in market value, while movable property is easier to transfer and manage. Intangible rights, cash, and shares offer the possibility of generating profits and regular income, but require specialized management to ensure sound investment. The Authority emphasizes that the guide is an informative and advisory resource, not an obligatory system, and that legal and Shariah consultations are necessary when preparing the endowment document.
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