LessonsJuridical Person in Islamic Law: Waqf, Bait-ul-Mal and Joint StockQuiz

Once an institution can own property, other legal consequences become possible: it can buy, sell, owe money, be owed money and have claims administered in its name.

The Waqf precedent shows that assigning legal capacity to a non-human institution is not foreign to Islamic jurisprudence.

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What Waqf Teaches About Legal Personality

Juridical Person in Islamic Law: Waqf, Bait-ul-Mal and Joint Stock

Once an institution can own property, other legal consequences become possible: it can buy, sell, owe money, be owed money and have claims administered in its name.

The Waqf precedent shows that assigning legal capacity to a non-human institution is not foreign to Islamic jurisprudence.