The Difference Between Waqf and Gift
Machine translationRead the Arabic original
Question:
The questioner from Ta'if, Abu Sahl, says: What is the difference between waqf (an endowment) and a gift, and is there zakah (the obligatory alms) on a waqf?
Answer:
A gift is a donation and the transfer of ownership of wealth that one gives to another during his lifetime; this is the donation and the gift. As for the waqf, it is the sequestration of the asset and the dedication of its benefit. The sequestration of the asset means it is not sold, not gifted, not inherited, and ownership is not transferred in it. Its proceeds are spent on acts of righteousness. This is what the one who established it stipulated. Yes. May Allah reward you and bless you.
The questioner from Ta'if, Abu Sahl, says: What is the difference between waqf (an endowment) and a gift, and is there zakah (the obligatory alms) on a waqf?
Answer:
A gift is a donation and the transfer of ownership of wealth that one gives to another during his lifetime; this is the donation and the gift. As for the waqf, it is the sequestration of the asset and the dedication of its benefit. The sequestration of the asset means it is not sold, not gifted, not inherited, and ownership is not transferred in it. Its proceeds are spent on acts of righteousness. This is what the one who established it stipulated. Yes. May Allah reward you and bless you.
Source
نور على الدرب - الفوزان - 03/219 — archive.org (8:15)
The Arabic text is a machine transcription of the audio recording.