Money endowment and its role in financing little establishments

Abstract

The aim of the study is to show the efficient role that WAKF (stay) plays in economical development and the development of societies though its identification from the relegious or legal point of view Algerian legislation also legitimacy proves and juristic adaptation of WAKF.

The study has focused on the monetary system of ‘WAKF’ that didn’t sufficient share of vennacular research and this because of the difference between exegetes in its judgment.

Some of them saw that it’s not allowed religiously because money is part of consomable things and that the goal of ‘WAKF’ is the profit from the suspended object while remaining. Others allowed it ‘WAKF’ and both of them have got their evidences. Especially because that the relegious judgments of ‘WAKF’ is diligence. So, the first point of view is likely to dominate and so it allowed monetary ‘WAKF’ (stay)according to contemporary novelties because of general profit .this study is to reveal the reality of money Wakf and its importance in modern time and its ability to develop moslim societies and revitalize its economy. Also open the field of charitable volunteering for all the categories of society ,that help developing moslims and their progress .Also it’s a main goal and others in this study ,to identify the WAKF culture  for moslims in its absence and its limit only on mosques, cimetries , Zaowias, and coranic schools.

And this through modern pratical application of monetary ‘WAKF’ and its role in financing process of small businesses and that shows what is it and its meaning according to the global studies that researchers did,then this study evoked images and sorts of monetary WAKF and its financing ways fir this small businesses in the way that it assues the continuity and competition of these businesses.