Is it permissible to endow a specific amount for investment such that the capital remains, and the profits are distributed to the poor?
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Question:
Honorable Shaykh, may Allah grant you success. The questioner says: Is it permissible to endow a specific amount for investment such that its principal, i.e., the capital, remains, and the profits are distributed to the poor?
Answer:
No, movable property is not valid for endowment, but one may donate it, and there is no harm in that. The door of donation is wider than that of endowment. One may give it as charity, and there is no harm in that. Yes.
Honorable Shaykh, may Allah grant you success. The questioner says: Is it permissible to endow a specific amount for investment such that its principal, i.e., the capital, remains, and the profits are distributed to the poor?
Answer:
No, movable property is not valid for endowment, but one may donate it, and there is no harm in that. The door of donation is wider than that of endowment. One may give it as charity, and there is no harm in that. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1972 -3022] هل يجوز وقف مبلغٍ معين للاستثمار بحيث يبقى رأس المال، وتوزع الأرباح على الفقراء؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.