Maitreya, also known as the future Buddha, who has still to come, is now thought to be waiting in Tushita Heaven for the right time to come down to earth. Tushita heaven is one of the thirty-three heavens over Mount Meru and is considered the special field of Maitreya. Tibetans believe that if someone makes statues and thangkas of Maitreya Buddha and chants the mantra "The Promise of Maitreya Buddha," that person will be reborn in Tushita Heaven after death.
Shown with an extremely sweet and gentle countenance, he holds in his left hand, between the thumb and forefinger, the stem of a lotus flower. The bloom of this lotus supports a wheel. This is the Buddhist wheel of spiritual instruction. His right hand is held in the varada mudra (Tib. Mchog sbyin gyi phyag rgya) of generosity or boon granting, with the palm facing downwards and the fingers extended.
Surmounting his image is a parasol (Tib. Gdugs), the traditional symbol of both protection and royalty.
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