National Waqf Development Corporation Limited

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National Waqf Development Corporation Limited is an Indian government agency under Ministry of Minority Affairs . This will undertake development of Waqf properties for the community welfare particularly for Muslims in India. The prime minister Man Mohan Singh unveiled it on 28 January 2014. [1] It has been established as a follow up of the recommendations of Sachar committee report. It work in a joint venture with the States and UT's waqf boards and the Mutawallis. It will have the status of Central Public Sector Enterprises.

Contents


Issue

In 2007 there were reports from Kerala indicating many irregularities in transferring of Waqf land or properties to private parties. This resulted in a huge loss to the Indian exchequer amounting to 2 lakh crore rupees. To look into the issue government of India formed Sachar Committee.

Sachar Committee recommendations

Some major points of the report: [2] [3]

Waqf concepts

Waqf means a permanent dedication of a person professing Islam of any movable or immovable property for any purpose recognized by Muslim law as - auspicious, religious or charitable.

Wakif is a person donating property. Once the property is donated the donor loses all the rights over the property and such property cannot be transferred, mortgaged, or alienated without permission of the Waqf board.

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References

  1. "Manmohan unveils agency to develop Waqf property". Business Standard India. 30 January 2014.
  2. "Archived copy" (PDF). Archived from the original (PDF) on 21 October 2012. Retrieved 18 August 2012.{{cite web}}: CS1 maint: archived copy as title (link)
  3. "Prime Minister to Launch National Waqf Development Corporation Tomorrow".