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The only significant distinction between the Islamic waqf and English trust was "the express or implied reversion of the waqf to charitable purposes when its specific object has ceased to exist", [55] though this difference only applied to the waqf ahli (Islamic family trust) rather than the waqf khairi (devoted to a charitable purpose from its ...
The Evacuee Trust Property Board, (Urdu: ہیئت تولیتیی املاکِ متروکہ) a statutory board of the Government of Pakistan, is a key government department which administers evacuee properties, including educational, charitable or religious trusts left behind by Hindus and Sikhs who migrated to India after partition. It also ...
Charitable lead trusts are the opposite of charitable remainder trusts and make payments to charity for the term of the trust. Similar to a charitable remainder trust, payments may be either a fixed amount (charitable lead annuity trust) or a percentage of trust principal (charitable lead unitrust). At the end of the trust term, the remainder ...
A charitable lead trust is a form of charitable trust that first distributes assets to the named charities. Once the assets have been distributed to the charities as specified in the trust, the ...
The word zakah (meaning the obligatory zakah) occurs 30 times in the Quran—27 times linked with prayer, three times not so-linked. [Quran 41:7] The word sadaqah (non-obligatory charity) and its plural (sadaqat) occur 13 times in the Qur'an. [9] " Sadaqat" is used in the Quran to cover all kinds of charity.
Under the Anatolian Seljuk, Zengid, Ayyubid, and Mamluk dynasties (11th-16th centuries) in the Middle East, many of the ruling elite founded madrasas through a religious endowment and charitable trust known as a waqf. [29] [22] [6] [30] The first documented madrasa created in Syria was the Madrasa of Kumushtakin, added to a mosque in Bosra in 1136.
Fauji Foundation was established as a charitable trust in 1954 under the Charitable Endowments Act of 1889. [5] It was established for the welfare of the Pakistan Armed Forces' three branches—Pakistan Navy, Pakistan Army, and Pakistan Air Force—and thus came under the management of the Ministry of Defence. [5]
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