What does Federal Law No. (5) of 2018 on WAQF (Endowment) Article (31) state about Waqf foundations?
Federal Law No. (5) of 2018 on WAQF (Endowment) Article (31) states that natural and legal persons are allowed to establish non-profit Waqf foundations to manage and utilize the proceeds generated from Waqf to fund the programs, initiatives, and activities designated for them.