Explanation:

Only statements 1&3 are correct.

• Statement 2 is incorrect: Waqf properties are not protected under article 300A of the Indian Constitution as they are not classified as private property.

About Waqf

• Under the Waqf Act of 1954, a Waqf refers to a property dedicated in the name of God for religiousand charitable purposes. 

• Legally, it is the permanent dedication by a Muslimof any movable or immovable property for purposes recognised by Muslim law as pious, religious, or charitable.

• Once a propertyis designated as a Waqf, it becomes non-transferable and is detained perpetually as a charitable act toward God, essentially transferring ownership to God.

How is a Waqf governed? 

• Waqfs in India are regulated by the Waqf Act, 1995.

• A survey commissioner listsall properties declared as Waqf by conducting local investigations, summoning witnesses, and requisitioning public documents. 

• The Waqf is managed by a mutawali.

What is a Waqf Board?

• A Waqf board is a legal entity capable of acquiring, holding, and transferring property.

• It can sue and be sued in court.

• Each state has a Waqf Boardled by a chairperson, including nominees from the state government, Muslim legislators, parliamentarians, members of the state Bar Council, Islamic scholars, and mutawalis (managers) of Waqfs.

Hence option 3rd is correct.