Mode of financing of idle waqf properties

In the case of idle waqf properties, majority of fuqaha' agrees on four modes of financing ir order to change the status to be productive.

• al-hikr
• the right is sold for a large lump sum, which is approximately equal to the value of the waqf property in advance and with a nominal periodic rent paid to trustee.
• al-ijaratian
• a long lease contract with a large lump sum to be paid in advance which is approximately equal to the value of the waqf property for a reconstruction and with a nominal periodical rent.
• al-istibdal (substitution)
• an exchange the waqf property with another property or for money in order to renovate the old ones.
• al-mursad
• an advanced lump sum is paid by the lessee to be credited by the waqf department toward the agreed upon periodical rent applicable after reconstruction.