It is therefore necessary that absolute interest in the dedicated property must be vested in the waqf.
Whether a person has right to constitute a waqf or not depends on the fact whether the dedicator has a legal right to transfer the ownership of the property on not.
A valid waqf may, there fore, be made only of immovable property, but also of movables, such as shares in joint stock companies government promissory notes and even money.
The property dedicated by way of waqf must belong to the waqif (dedicator) at the time of dedication.
A lessee or a tenant has no right to make any waqf on the property under his possession because, he has no ownership, similarly a usufructrary mortgage has no right to constitute any waqf of the property in his no right to constitute any waqf of the property in his possession because he has no dominion over that property.