There is nothing wrong, as far as Islam is concerned, in investing specific amounts of money that is waqf, or endowment, with the intention of making profits in a halal business in order to help care for orphans or for other charitable causes.
Dr. Monzer Kahf, a prominent economist and counselor, states the following: It maybe better to put it with institutions such as Islamic banks or shareholding companies, and one should define the objective and the checks and balances on the managers of this waqf very clearly and in detail.
Investing Endowment Money to Help Orphans
Did you like this content?
Recommended
Creating a happy environment during Ramadan
Women Performing Itikaf
Intentional Breaking of Fasting Without Excuse
Tahajjud: Virtues and Way of Performance
Does masturbation break the Fast?
The Family and the Month of Ramadan
The Aged & Pregnant Woman Not Fasting in Ramadan
Do medical injections break fast?
Using Inhaler During Fasting
Cutting Nails While Fasting
Top Reading