Complexities of waqf development in Bangladesh

Bangladesh is coping with the problem of poverty since its independence. Recent success stories of the country in alleviating poverty have been the outcome of the efforts of several public and private initiatives. As a Muslim majority country, Bangladesh is yet to incorporate Islamic vehicles of pov...

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Main Authors:	Hasan, Rashedul, Siraj, Siti Alawiah
Format:	Article
Language:	English
Published:	Faculty of Business and Management, Universiti Teknologi MARA 2016
Subjects:	BP170.2 Benevolent work. Social work. Welfare work, etc
Online Access:	http://irep.iium.edu.my/53383/ http://irep.iium.edu.my/53383/ http://irep.iium.edu.my/53383/1/Publication_JEIR_2016.pdf

id	iium-53383
recordtype	eprints
spelling	iium-533832016-12-19T02:33:49Z http://irep.iium.edu.my/53383/ Complexities of waqf development in Bangladesh Hasan, Rashedul Siraj, Siti Alawiah BP170.2 Benevolent work. Social work. Welfare work, etc Bangladesh is coping with the problem of poverty since its independence. Recent success stories of the country in alleviating poverty have been the outcome of the efforts of several public and private initiatives. As a Muslim majority country, Bangladesh is yet to incorporate Islamic vehicles of poverty reduction in the national development strategies. Waqf has been sidelined as a mere charity even though it has historical success in producing continuous income and thus reducing poverty levels in the Muslim countries. This paper is divided into three sections. In the first part, it provides a historical overview of Waqf in Bangladesh followed by a brief description of Waqf institutions that are responsible for managing Waqf in Bangladesh. The final section discusses contemporary issues that are affecting the efficient management of Waqf funds towards making its mark in alleviating poverty from Bangladesh. In describing various problems, issues concerning governance and information disclosure were addressed that provide significant insight for different stakeholders. Information gathered through systematic literature review process indicated that Waqf institutions in Bangladesh are lacking appropriate governance mechanisms that are resulting in information asymmetry. Future research on the governance mechanisms applied by Waqf institutions and their impact on the extent and quality of information disclosure will provide further insight for the need of reform in this voluntary sector to ensure their sustainable future and contribution towards economic development in Bangladesh. Faculty of Business and Management, Universiti Teknologi MARA 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/53383/1/Publication_JEIR_2016.pdf Hasan, Rashedul and Siraj, Siti Alawiah (2016) Complexities of waqf development in Bangladesh. Journal of Emerging Economics and Islamic Research, 4 (3). pp. 17-26. E-ISSN 2289-2259 http://www.jeeir.com/v2/images/Vol4No32016/3_Hasan.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	BP170.2 Benevolent work. Social work. Welfare work, etc
spellingShingle	BP170.2 Benevolent work. Social work. Welfare work, etc Hasan, Rashedul Siraj, Siti Alawiah Complexities of waqf development in Bangladesh
description	Bangladesh is coping with the problem of poverty since its independence. Recent success stories of the country in alleviating poverty have been the outcome of the efforts of several public and private initiatives. As a Muslim majority country, Bangladesh is yet to incorporate Islamic vehicles of poverty reduction in the national development strategies. Waqf has been sidelined as a mere charity even though it has historical success in producing continuous income and thus reducing poverty levels in the Muslim countries. This paper is divided into three sections. In the first part, it provides a historical overview of Waqf in Bangladesh followed by a brief description of Waqf institutions that are responsible for managing Waqf in Bangladesh. The final section discusses contemporary issues that are affecting the efficient management of Waqf funds towards making its mark in alleviating poverty from Bangladesh. In describing various problems, issues concerning governance and information disclosure were addressed that provide significant insight for different stakeholders. Information gathered through systematic literature review process indicated that Waqf institutions in Bangladesh are lacking appropriate governance mechanisms that are resulting in information asymmetry. Future research on the governance mechanisms applied by Waqf institutions and their impact on the extent and quality of information disclosure will provide further insight for the need of reform in this voluntary sector to ensure their sustainable future and contribution towards economic development in Bangladesh.
format	Article
author	Hasan, Rashedul Siraj, Siti Alawiah
author_facet	Hasan, Rashedul Siraj, Siti Alawiah
author_sort	Hasan, Rashedul
title	Complexities of waqf development in Bangladesh
title_short	Complexities of waqf development in Bangladesh
title_full	Complexities of waqf development in Bangladesh
title_fullStr	Complexities of waqf development in Bangladesh
title_full_unstemmed	Complexities of waqf development in Bangladesh
title_sort	complexities of waqf development in bangladesh
publisher	Faculty of Business and Management, Universiti Teknologi MARA
publishDate	2016
url	http://irep.iium.edu.my/53383/ http://irep.iium.edu.my/53383/ http://irep.iium.edu.my/53383/1/Publication_JEIR_2016.pdf
first_indexed	2023-09-18T21:15:32Z
last_indexed	2023-09-18T21:15:32Z
_version_	1777411536890888192

Complexities of waqf development in Bangladesh

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