Innovative financing of equity crowdfunding: Application on waqf land

Over the centuries including during the era of Islamic civilization, Waqf land has played a significant role towards enhancing the social and economic status of the Muslim societies. However, in the contemporary times, Waqf land is facing the problem of underdevelopment particularly in the context o...

Full description

Bibliographic Details
Main Authors:	Mohd Thas Thaker, Mohamed Asmy, Mohd Thas Thaker, Hassanudin
Format:	Conference or Workshop Item
Language:	English
Published:	2017
Subjects:	BP170.2 Benevolent work. Social work. Welfare work, etc H Social Sciences (General) HG Finance
Online Access:	http://irep.iium.edu.my/56827/ http://irep.iium.edu.my/56827/15/56827.pdf

id	iium-56827
recordtype	eprints
spelling	iium-568272017-05-16T06:40:33Z http://irep.iium.edu.my/56827/ Innovative financing of equity crowdfunding: Application on waqf land Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin BP170.2 Benevolent work. Social work. Welfare work, etc H Social Sciences (General) HG Finance Over the centuries including during the era of Islamic civilization, Waqf land has played a significant role towards enhancing the social and economic status of the Muslim societies. However, in the contemporary times, Waqf land is facing the problem of underdevelopment particularly in the context of Malaysia. Currently, there are around 11,091.82 hectares of Waqf land in Malaysia that is worth about RM 4 billion or equivalent to US$0.9 billion (Ali et al., 2015). Though, State Islamic Religious Councils (SIRCs) have a huge number of potential Waqf land, most of the lands are however still lying idle and remained undeveloped, mainly due to liquidity constraints or shortage of financial resources by SIRCs. Liquidity constraints have been considered as a main factor that hindered the execution of the various development plans of Waqf land in Malaysia. This thus calls for more innovative financing mechanism that can help to harness the potential of Waqf land. With this initiative, the research is developing a sustainable source of financing by integrating elements of Crowdfunding and Waqf. The proposed model is known as Islamic Equity Crowdfunding-Waqf Model (IECWM). The proposed model will assist Waqf institution in identifying sustainable financing source to develop Waqf land in Malaysia. Through this, Malaysia will play a leading role among the OIC member states with the noble idea of Islamic crowdfunding and Waqf land development. 2017 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/56827/15/56827.pdf Mohd Thas Thaker, Mohamed Asmy and Mohd Thas Thaker, Hassanudin (2017) Innovative financing of equity crowdfunding: Application on waqf land. In: International Islamic Fund And Wealth Management Forum (IIFWMF), 2nd-3rd May 2017, Kuala Lumpur. (Unpublished)
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 H Social Sciences (General) HG Finance
spellingShingle	BP170.2 Benevolent work. Social work. Welfare work, etc H Social Sciences (General) HG Finance Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Innovative financing of equity crowdfunding: Application on waqf land
description	Over the centuries including during the era of Islamic civilization, Waqf land has played a significant role towards enhancing the social and economic status of the Muslim societies. However, in the contemporary times, Waqf land is facing the problem of underdevelopment particularly in the context of Malaysia. Currently, there are around 11,091.82 hectares of Waqf land in Malaysia that is worth about RM 4 billion or equivalent to US$0.9 billion (Ali et al., 2015). Though, State Islamic Religious Councils (SIRCs) have a huge number of potential Waqf land, most of the lands are however still lying idle and remained undeveloped, mainly due to liquidity constraints or shortage of financial resources by SIRCs. Liquidity constraints have been considered as a main factor that hindered the execution of the various development plans of Waqf land in Malaysia. This thus calls for more innovative financing mechanism that can help to harness the potential of Waqf land. With this initiative, the research is developing a sustainable source of financing by integrating elements of Crowdfunding and Waqf. The proposed model is known as Islamic Equity Crowdfunding-Waqf Model (IECWM). The proposed model will assist Waqf institution in identifying sustainable financing source to develop Waqf land in Malaysia. Through this, Malaysia will play a leading role among the OIC member states with the noble idea of Islamic crowdfunding and Waqf land development.
format	Conference or Workshop Item
author	Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin
author_facet	Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin
author_sort	Mohd Thas Thaker, Mohamed Asmy
title	Innovative financing of equity crowdfunding: Application on waqf land
title_short	Innovative financing of equity crowdfunding: Application on waqf land
title_full	Innovative financing of equity crowdfunding: Application on waqf land
title_fullStr	Innovative financing of equity crowdfunding: Application on waqf land
title_full_unstemmed	Innovative financing of equity crowdfunding: Application on waqf land
title_sort	innovative financing of equity crowdfunding: application on waqf land
publishDate	2017
url	http://irep.iium.edu.my/56827/ http://irep.iium.edu.my/56827/15/56827.pdf
first_indexed	2023-09-18T21:20:13Z
last_indexed	2023-09-18T21:20:13Z
_version_	1777411831808131072

Innovative financing of equity crowdfunding: Application on waqf land

Similar Items