Towards providing the best Sharī'ah governance practices for Waqf based institutions

Waqf is the donation for the sake of Allah (s.w.t). Historically, it isproven that society can benefit from waqf assets. Waqf assets can beused for religious purposes like building mosques, public health,transportation and education and others. However, due to the limitedregulatory framework and con...

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Main Authors:	Hassan, Rusni, Syed Jaafar Alhabshi, Syed Musa, Yusoff, Adnan
Format:	Article
Language:	English English
Published:	IIUM Press, International Islamic University Malaysia 2017
Subjects:	HB126.4 Islamic Economics HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/63105/ http://irep.iium.edu.my/63105/ http://irep.iium.edu.my/63105/1/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah_scopus.pdf http://irep.iium.edu.my/63105/7/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah%20governance.pdf

id	iium-63105
recordtype	eprints
spelling	iium-631052018-04-20T09:32:15Z http://irep.iium.edu.my/63105/ Towards providing the best Sharī'ah governance practices for Waqf based institutions Hassan, Rusni Syed Jaafar Alhabshi, Syed Musa Yusoff, Adnan HB126.4 Islamic Economics HJ1438 Public Finance In Islam Waqf is the donation for the sake of Allah (s.w.t). Historically, it isproven that society can benefit from waqf assets. Waqf assets can beused for religious purposes like building mosques, public health,transportation and education and others. However, due to the limitedregulatory framework and control over waqf institutions, there aremany undesirable issues regarding the Waqf management authority.Most of the issues are due to inadequate management of waqf andtheir accountability towards the donors and beneficiaries. If theseissues continue, the waqf institutions will have a negative publicimage and undermine the objective of the waqf leading peoplehesitant to donate to waqf. Thus, this paper highlights the negativeissues in the waqf institutions and proposes the need for Shari’ahgovernance. This paper proposes that Sharī‘ah governance practicesfor waqf institutions should be based on trust, accountability, Godconsciousness, hisbah, and mutual consultation. It is believed thatthis paper will alert the respective authorities and waqf managementto issue a Sharī‘ah governance framework. IIUM Press, International Islamic University Malaysia 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/63105/1/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah_scopus.pdf application/pdf en http://irep.iium.edu.my/63105/7/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah%20governance.pdf Hassan, Rusni and Syed Jaafar Alhabshi, Syed Musa and Yusoff, Adnan (2017) Towards providing the best Sharī'ah governance practices for Waqf based institutions. Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC), 2017 (Special Issue Education). pp. 165-185. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/614
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HB126.4 Islamic Economics HJ1438 Public Finance In Islam
spellingShingle	HB126.4 Islamic Economics HJ1438 Public Finance In Islam Hassan, Rusni Syed Jaafar Alhabshi, Syed Musa Yusoff, Adnan Towards providing the best Sharī'ah governance practices for Waqf based institutions
description	Waqf is the donation for the sake of Allah (s.w.t). Historically, it isproven that society can benefit from waqf assets. Waqf assets can beused for religious purposes like building mosques, public health,transportation and education and others. However, due to the limitedregulatory framework and control over waqf institutions, there aremany undesirable issues regarding the Waqf management authority.Most of the issues are due to inadequate management of waqf andtheir accountability towards the donors and beneficiaries. If theseissues continue, the waqf institutions will have a negative publicimage and undermine the objective of the waqf leading peoplehesitant to donate to waqf. Thus, this paper highlights the negativeissues in the waqf institutions and proposes the need for Shari’ahgovernance. This paper proposes that Sharī‘ah governance practicesfor waqf institutions should be based on trust, accountability, Godconsciousness, hisbah, and mutual consultation. It is believed thatthis paper will alert the respective authorities and waqf managementto issue a Sharī‘ah governance framework.
format	Article
author	Hassan, Rusni Syed Jaafar Alhabshi, Syed Musa Yusoff, Adnan
author_facet	Hassan, Rusni Syed Jaafar Alhabshi, Syed Musa Yusoff, Adnan
author_sort	Hassan, Rusni
title	Towards providing the best Sharī'ah governance practices for Waqf based institutions
title_short	Towards providing the best Sharī'ah governance practices for Waqf based institutions
title_full	Towards providing the best Sharī'ah governance practices for Waqf based institutions
title_fullStr	Towards providing the best Sharī'ah governance practices for Waqf based institutions
title_full_unstemmed	Towards providing the best Sharī'ah governance practices for Waqf based institutions
title_sort	towards providing the best sharī'ah governance practices for waqf based institutions
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/63105/ http://irep.iium.edu.my/63105/ http://irep.iium.edu.my/63105/1/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah_scopus.pdf http://irep.iium.edu.my/63105/7/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah%20governance.pdf
first_indexed	2023-09-18T21:29:31Z
last_indexed	2023-09-18T21:29:31Z
_version_	1777412416973307904

Towards providing the best Sharī'ah governance practices for Waqf based institutions

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