What is the difference between waqf (an endowment) and sadaqah (voluntary charity)?
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Question:
May Allah reward you, Your Eminence, father. The questioner asks: Is there a difference between waqf (an endowment) and sadaqah (voluntary charity)?
Answer:
Sadaqah, yes. Waqf means holding the principal and registering the benefit; it is not sold, not gifted, and not inherited, and its benefit is utilized in avenues of good. As for sadaqah, it is not a holding; rather, it is a transfer of ownership. If you give a person money, you have made it his property; he disposes of it as he wishes, selling it, buying with it, or leaving it as an inheritance, and so on. Yes. As for waqf, no, waqf remains held. Yes.
May Allah reward you, Your Eminence, father. The questioner asks: Is there a difference between waqf (an endowment) and sadaqah (voluntary charity)?
Answer:
Sadaqah, yes. Waqf means holding the principal and registering the benefit; it is not sold, not gifted, and not inherited, and its benefit is utilized in avenues of good. As for sadaqah, it is not a holding; rather, it is a transfer of ownership. If you give a person money, you have made it his property; he disposes of it as he wishes, selling it, buying with it, or leaving it as an inheritance, and so on. Yes. As for waqf, no, waqf remains held. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2142- 4717] ما الفرق بين الوقف والصدقة؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.