Waqf unit trust as an alternate model to realize waqf sustainability

With poverty and unemployment is still the paramount concern across the globe, a study on Waqf and capital market integrations is certainly a timely call for sustainable socio-economic development. The aim of this paper is to revisit the literature on the issue of illiquidity of Waqf assets and erad...

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Main Authors:	Khaliq, Ahmad, Hussin, Nazimah, Mohammad, Mohammad Tahir Sabit
Format:	Article
Language:	English
Published:	Università degli Studi di Torino 2019
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/74516/ http://irep.iium.edu.my/74516/ http://irep.iium.edu.my/74516/ http://irep.iium.edu.my/74516/1/74516_Waqf%20unit%20trust%20as%20an%20alternate%20model.pdf

id	iium-74516
recordtype	eprints
spelling	iium-745162020-02-04T03:06:55Z http://irep.iium.edu.my/74516/ Waqf unit trust as an alternate model to realize waqf sustainability Khaliq, Ahmad Hussin, Nazimah Mohammad, Mohammad Tahir Sabit HG3368 Islamic Banking and Finance With poverty and unemployment is still the paramount concern across the globe, a study on Waqf and capital market integrations is certainly a timely call for sustainable socio-economic development. The aim of this paper is to revisit the literature on the issue of illiquidity of Waqf assets and eradicate the dependency on government provision. To ensure the sustainability of Waqf institutions, financing apparatus primarily designed for Waqf assets are explored. The study proposes a viable integration of Waqf and capital market apparatus of Unit Trust investments based on the Shariah-compliant standards ratified by the Security Commission of Malaysia (SCM) guidelines. The study opts for thematic analysis method of the existing literature on Waqf financing. The finding indicates that there is a need for a novel apparatus such Waqf unit trust instrument through cash Waqf and share Waqf to realizes greater Waqf funds accumulation, investment, and distribution. It is highly advocated that the income of investment be optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to pool Waqf fund via unit trust model as its sources and exhibit management undertakings of the model. Università degli Studi di Torino 2019 Article PeerReviewed application/pdf en http://irep.iium.edu.my/74516/1/74516_Waqf%20unit%20trust%20as%20an%20alternate%20model.pdf Khaliq, Ahmad and Hussin, Nazimah and Mohammad, Mohammad Tahir Sabit (2019) Waqf unit trust as an alternate model to realize waqf sustainability. European Journal of Islamic Finance (EJIF), 13 (August). pp. 1-8. ISSN 2421-2172 http://www.ojs.unito.it/index.php/EJIF/article/view/3623/pdf 10.13135/2421-2172/3623
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Khaliq, Ahmad Hussin, Nazimah Mohammad, Mohammad Tahir Sabit Waqf unit trust as an alternate model to realize waqf sustainability
description	With poverty and unemployment is still the paramount concern across the globe, a study on Waqf and capital market integrations is certainly a timely call for sustainable socio-economic development. The aim of this paper is to revisit the literature on the issue of illiquidity of Waqf assets and eradicate the dependency on government provision. To ensure the sustainability of Waqf institutions, financing apparatus primarily designed for Waqf assets are explored. The study proposes a viable integration of Waqf and capital market apparatus of Unit Trust investments based on the Shariah-compliant standards ratified by the Security Commission of Malaysia (SCM) guidelines. The study opts for thematic analysis method of the existing literature on Waqf financing. The finding indicates that there is a need for a novel apparatus such Waqf unit trust instrument through cash Waqf and share Waqf to realizes greater Waqf funds accumulation, investment, and distribution. It is highly advocated that the income of investment be optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to pool Waqf fund via unit trust model as its sources and exhibit management undertakings of the model.
format	Article
author	Khaliq, Ahmad Hussin, Nazimah Mohammad, Mohammad Tahir Sabit
author_facet	Khaliq, Ahmad Hussin, Nazimah Mohammad, Mohammad Tahir Sabit
author_sort	Khaliq, Ahmad
title	Waqf unit trust as an alternate model to realize waqf sustainability
title_short	Waqf unit trust as an alternate model to realize waqf sustainability
title_full	Waqf unit trust as an alternate model to realize waqf sustainability
title_fullStr	Waqf unit trust as an alternate model to realize waqf sustainability
title_full_unstemmed	Waqf unit trust as an alternate model to realize waqf sustainability
title_sort	waqf unit trust as an alternate model to realize waqf sustainability
publisher	Università degli Studi di Torino
publishDate	2019
url	http://irep.iium.edu.my/74516/ http://irep.iium.edu.my/74516/ http://irep.iium.edu.my/74516/ http://irep.iium.edu.my/74516/1/74516_Waqf%20unit%20trust%20as%20an%20alternate%20model.pdf
first_indexed	2023-09-18T21:45:30Z
last_indexed	2023-09-18T21:45:30Z
_version_	1777413422076395520

Waqf unit trust as an alternate model to realize waqf sustainability

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