Al-Marsad Right as a Mechanism for Developing and Investing in Urban Waqf Properties in Algerian Legislation

Abstract

The Al-Marsad (observatory) contract holds significant importance as a means for developing and investing in urban Waqf (endowment) lands. It serves as an exception when the endowment lacks the resources to independently develop the land. Under this right, private capital can be utilized, with the proceeds from construction benefiting the Waqf. The observatory owner can recover their construction expenses along with profits. Importantly, the investment value remains a debt secured by the Waqf. Unlike direct ownership, the observatory right is not a real property right stemming from Waqf ownership. Instead, it is a unique personal right that allows the owner to exploit the building, transfer it to others, and pass it on to heirs within the bounds of creditor rights. Although it intersects with provisions related to newly established exploitation contracts, its distinct nature makes it an effective method for developing and investing in Waqf properties, necessitating legislative regulation

Keywords

• Waqf exploitation
• the Right of Al- Marsad
• the Trustee of the Waqf
• the Owner of the Right of Al- Marsad

Al-Marsad Hakkı: Cezayir Mevzuatında Kentsel Vakıf Mülklerinin Geliştirilmesi ve Yatırımı İçin Bir Mekanizma

Abstract

Al-Marsad (gözlem) sözleşmesi, kentsel vakıf arazilerinin geliştirilmesi ve yatırım yapılması açısından büyük bir öneme sahiptir. Vakfın, araziyi bağımsız olarak geliştirebilecek kaynaklardan yoksun olduğu durumlarda bir istisna olarak kabul edilir. Bu hak sayesinde özel sermaye kullanılabilir ve inşaattan elde edilen gelirler vakfa fayda sağl ar. Gözlem sahibi, inşaat masraflarını ve kârını geri alabilir. Önemli olan, yatırım değerinin vakıf tarafından güvence altına alınmış bir borç olarak kalmasıdır. Al-Marsad hakkı, doğrudan mülkiyet hakkı değildir ve vakıf mülkiyetinden kaynaklanan bir ayni hak olarak kabul edilmez. Bunun yerine, sahibine yapıyı kullanma, başkalarına devretme ve miras yoluyla geçirme hakkı tanıyan özel bir şahsi haktır. Bu hak, alacak hakkı sınırları içinde varlığını sürdürebilir. Yeni kurulan istismar sözleşmeleriyle kesişmesine rağmen, kendine özgü yapısı onu vakıf mülklerinin geliştirilmesi ve yatırım yapılması için etkili bir yöntem haline getirir. Bu çalışmada, mevcut fıkıh çalışmaları tarafından belirlenen ilkelere uygun olarak hükümlerini tanımlayıp kontrol altına alacağız. Bu, Al-Marsad hakkının hükümlerini düzenlemeye yönelik yasal çabalara çerçeve ve katkı sağlamayı amaçlamaktadır.

Keywords

• Vakıf
• Vakıf İstismarı
• Marsad Hakkı
• Vakıf Mütevellisi
• Marsad Hakkı Sahibi

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