The waqf and endowment are centuries-old concepts in the Islamic world. It encompasses both charitable endowments and family or private trusts. It is important to note that while waqf shares some similarities with other concepts, such as faraidh (Islamic inheritance laws), wasiyyah (Islamic will), and raqabah (family trust), there are distinct differences between them.
Waqf, Faraidh, Wasiyyah, and Raqabah differences
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