Real Estate Articles: Marginalized endowments. and lost rights

Hamza Essam Ghoneim

Every time a person who wants to preserve his property after his death comes to endow a property to his children to benefit them and charity in case it is an atomic or charitable endowment and not to sell the property and puts a condition in the endowment deed for the endowment such as "I have made the guardianship of this endowment for me during my life and after me it will be for my son so-and-so and then so-and-so", not knowing that so-and-so is not qualified for the guardianship or He does not know how to work to develop the endowment, benefit from it and benefit the beneficiaries of the endowment but only wants to be proud of the word (I am the caretaker), but some of the caretakers do not know anything and lose the right and the rights of the beneficiaries just because the endowment put a condition that he is the caretaker just because he is his son and when a lawsuit is filed by the beneficiaries not only to remove the caretaker.
But to request the existence of educational courses to manage the waqf for the caretakers and to take advantage of the endowments and develop them and the benefit returns to everyone such as institutions and companies as well as to create job opportunities for job seekers and to be recognized as a private enterprise and open bank accounts in the name of the endowment and update the instruments and register the endowment.

But unfortunately there are many Waqf whose benefits are disrupted and there is no benefit and has become a real estate that you cannot benefit from it due to lack of liquidity, ignorance of the caretaker and lack of investors and Waqf owners only own this endowment from their heritage and cannot take financing to build or develop this endowment because there are no facilities by banks.

In the event that the beneficiaries want to replace or sell the endowment to buy the most suitable one, he does not want to simply because he is the custodian of the endowment and the lack of sufficient knowledge and constant refusal, and no one from the beneficiaries can do this because they are beneficiaries only, and this procedure is the custodian's duty to obtain the best and beneficial for the endowment.

Note (the Nazir is responsible for managing the waqf).