Controls for Investing Endowment Funds in Islamic Law

Abstract

Muslim scholars paid great attention to the endowment, as they studied all the issues related to it and established clear provisions for it derived from the basic Islamic sources. Everyone who undertakes the endowment is required to follow these provisions and rules, whether the matter is related to investment, supervision, or other transactions. This study aims to achieve the following objectives: 1) Understanding the concept of waqf in Islamic law. 2) Understanding the concept of investment. Identifying the legal controls and rules for investing endowment funds. To achieve the completion of the research, the researcher followed the historical descriptive research method. At the end of the research, the researcher reached the following results: Endowment in general is the reservation of the asset and the granting of the benefit to serve needy groups and achieve the interests of society. Investing some endowment funds is permissible in Islamic law for the benefit of the endowment and its recipient. Jurists have established specific controls and methods, governed by the rules of Islamic Sharia, to protect the endowment from the risks that may result from investing in it.