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| | DAWN - Opinion; August 8, 2003 |
 | | The first wakf mentioned in the Islamic texts, which is also considered to be the basis of the law of wakfs, is that of Omar Ibn Al Khattab. |
 | | A valid wakf may, therefore, be created of shares in a joint stock company, money, etc. The validity of a wakf is determined by the possibility of everlasting benefit being derived from it by any form of dealing of which it is capable, or by converting it into something else. |
 | | The object of wakf must be recognised by the Islamic law as religious, pious, or charitable; 3. |
| www.dawn.com /2003/08/08/op.htm (4193 words) |
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