Management of Waqf Funds in Libyan Law

Endowed funds require someone to preserve, care for, and manage their affairs in terms of exploitation, whether that is represented by construction, rent, or distributing the proceeds to those entitled to them, protecting them from others, preventing any aggression against them, and claiming all their rights, regardless of their hand and wherever they are found. All of this is in order for the endowment to continue for the purpose for which it was established. Therefore, it is inconceivable that an endowment could exist without a guardian. The person in charge of establishing the endowment is called the supervisor, the guardian, or the trustee. This research aims to identify and reveal the management of endowment funds through legal texts in Libyan law and sometimes compare them with other rules of Egyptian law or rules of Islamic jurisprudence in order to enable us to reveal the practical obstacles to these texts and strive to find sound practical texts that preserve endowment funds, protect them from danger and achieve sustainable development. Accordingly, I addressed the concept of endowment management in the first section and who has the authority to oversee the endowment, then to study the removal of the supervisor and his accountability. As for the second section, it was devoted to addressing the function of the supervisor, whether it was represented by renting, borrowing, or building and developing the endowment. Then the conclusion came guided by some results and recommendations to preserve endowment funds from tampering and loss.