Real Estate Endowment

Short Definition

Converting property to endowment by official decree, benefiting specified beneficiaries or charitable work, managed by cautious investment.

Arabic

وقف عقاري

تحويل عقار لوقف بمرسوم رسمي، يستفيد منه المستفيدون المحددون أو الأعمال الخيرية، يدار باستثمار حذر.

English

Real Estate Endowment

Converting property to endowment by official decree, benefiting specified beneficiaries or charitable work, managed by cautious investment.

Turkish

Emlak Vakfı

Resmi kararnameyle mülkü vakfa dönüştürme; belirli yararlanıcılar veya hayır işlerine fayda sağlar, dikkatli yatırımla yönetilir.

Endowing property forever for charitable works, not sold or inherited, managed by Awqaf Authority, common in Saudi Arabia for mosques and schools.

Saudi entity responsible for managing public endowments, overseeing investment of endowed properties for charitable work.