Syed Faiz ullaah was the only owner of his property He started a weekly Baazaar and Nakhaasa in their property which is north of saithal This baazaar is open Wednesday, Friday and Sunday in a week This bazaar is more then 300 years old. Management of baazaar by the registered management committee no 682 ,
ROTATION OF BAZAAR. WAQF BAAZAAR & NAKHAASA AULAAD - E - SYED FAIZ - UL - LAAH
Compiled by SYED MARGHOOB HUSAIN ZAIDI S/O ABBAS HUSAIN ZAIDI AL WASITI
THE ROTATION OF BAZAAR IS BASED UPON ABOVE DISTRIBUTION AND COMPLETES IN 1680 WEEKS
EVERY SIXTH WEEKS IS OF MOH. PACH., UONCHA, CHAUDH., LAADPUR COMING SERIALLY
EVERY SIXTH WEEKS IS EITHER OF MOH. MAHAL. OR TAAR. COMING SERIALLY 1 TO 7
EVERY SIXTH WEEK IS EITHER OF MOH. NEEB. OR HAAKIM. COMING SERIALLY 1 TO 10
Waqf Bazaar & Nakhaasa Aulaad -e - Syed Faiz ullaah,
This waqf is waqf Alal Aulad Az Zakoor
The Property can neither be Sold,Hypothecated or Transferred by Will to other than the "Legal Heir", The Distribution will be in accordance with shia Personal law with following conditions.
1-Distribution will be among sons only.
2-If somebody does not have son Distribution shall be made among Daughters, but with certain limits. A-If she is married among aulaad e Syed Faiz ullaah. The property will be distributed to her Son/ Daughters as the case will be. B-If she married out side aulaad e Syed Faiz ullaah, She get the benefits from the property through out her life but will not inherit it,
3-Legal Heir ( male or female in accordance with condition 'A' or 'B' cited above ) of her father or mother from whom she has received the benefit,will inherit it.
4-Distribution will be among Shia Indian only.
5-la-walad widow will not inherit her husband's share but will get benefits throughout her life or up to she get re-married.The share will be distributed among male/ female heirs of her husband as the case be, in accordance with 1to 4 cited above.
(Besides above distribution,Provision for 10% of the income has been kept for light & maintenance of the Shia Jama Masjid and 1/6 of the ghalla received as tax kept for khidmatgaars of the Shia Jama Masjid and qabarustan Syed Faiz ullaah).