Mortmain property and the disbursement of its proceeds.
- Endowment: A term used to denote.
- Formula: A statement used to denote the will of the endowment.
- Endowment Property: A definition which describes the the property.
- Beneficiary: The beneficiary of the proceeds of an endowment, whether a person, an initiative, a project, or any other disbursement channel.
The founder of the endowment
The beneficiary of the proceeds of an endowment, whether a person, an initiative, a project or any other disbursement channel.
The formula specified by endowment funder regarding the endowment, its revenue, its disbursement, its supervisor, or the recipient
Words used to explain the conditions of the endowment funder.
Document issued by the competent court confirming the endowment or any amendment to it.
It is the yield resulting from the endowed asset, such as property rent, and it is called rent, yield, and revenue.
A conditional endowment on a specific descendant or relative, whether by person or description.
Such as: I have endowed this building to Allah, and made its yield to my descendant.
A conditional endowment on certain general aspects of righteousness, specifically or descriptively.
Such as: I have endowed this farm to Allah, and made its yield to the orphans.
The endowment whose condition includes the private and public endowment.
Such as: I have endowed this institution to Allah, and made its yields to my descendant and different beneficiary
It is the entity that disburses to it the proceeds of the endowment according to the endowment condition
The one who oversees the endowment, whether a natural or legal person.
The right to supervise and manage the affairs of the endowment, protect its assets and revenues, care for its interests, represent it, and implement the conditions of the endowment.
It is a joint investment method that aims to provide opportunities for its investors to collectively participate in the profits of the activity and is managed in exchange for specific fees or profit sharing.
An amount paid by a person called the trust creator to another who preserves and invests it called trustee for the benefit of a third party who benefits from the trust, and it may be temporary or permanent.
They are funds of indefinite duration. All of their units are suspended, non-circulating, and not available to the general public. Their proceeds go to the beneficiaries of the fund, and qualified non-profit entities benefit from them in accordance with the conditions and controls set by the General Authority of Awqaf.
Usually old documents with witnesses, and they may have to be authenticated by the town judge. All of them must be presented with a new one. If the procedures are over, a new, independent argument is extracted, and nothing is added to these documents because they are not considered valid.
1) Developmental endowment funds
2) Endowment investment funds
3) Endowment sukuk
4) Endowment investment portfolios.
1- That the interest of the endowment is achieved.
2- The accusation and favoritism in the replacement should be eliminated.
3- The consideration should not be less in value or less in revenue.
4- Take the initiative to purchase the replacement immediately.
5- The replacement must be with the approval of the competent authority or with a valid legal fatwa
It is what the endower mentions in his endowment document and makes it a priority over any other disburses, because maintenance is one of the reasons for the sustainability of the endowment.
Endowment: the transfer of money from the property of the endower to the property of Allah and the use of its benefit in some form of righteousness in order to seek reward from Allah.
Will: It is a person’s donation of money after his death.
Any specific endowments assets in which the endower's intention was to mortmain a specific asset, such as endowment of real estate, including endowment of benefits and endowment of moral rights.
They are endowments in which the donor’s intention was to make them an asset to be invested and developed through circulation and exploitation according to commercial requirements, not to confine them to their assets, but rather his goal is to sustain the endowment with these assets or their alternatives, such as money endowments and endowment companies.
Endowments whose total value of endowed assets is 200 million Saudi riyals or more.
Endowments whose total value of affiliated medium endowment assets ranges from 50 million Saudi riyals to less than 200 million Saudi riyals.
Endowments whose total value of endowment assets is less than 50 million Saudi riyals.
Revenues generated from operating, investing and developing the endowed asset.