Proposed models for unit trust waqf and the parameters for their application

Purpose – This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation. Design/methodology/approach – This paper starts with the conceptual exploration of the literature in the areas of waqf. The sources of the literature cover au...

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Main Authors:	Sulaiman, Syahnaz, Hasan, Aznan, Mohd Noor, Azman, Ismail, Muhd Issyam, Noordin, Nazrul Hazizi
Format:	Article
Language:	English English
Published:	Emerald Publishing Limited 2019
Subjects:	HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/1/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application.pdf http://irep.iium.edu.my/78930/2/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application%20-%20scopus.pdf

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spelling	iium-789302020-02-20T09:01:08Z http://irep.iium.edu.my/78930/ Proposed models for unit trust waqf and the parameters for their application Sulaiman, Syahnaz Hasan, Aznan Mohd Noor, Azman Ismail, Muhd Issyam Noordin, Nazrul Hazizi HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam Purpose – This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation. Design/methodology/approach – This paper starts with the conceptual exploration of the literature in the areas of waqf. The sources of the literature cover authentic sources of the Qurʾ�an and � hadīth, as well as secondary sources such as books, journal articles and online resources. Findings – This paper provides the conceptual framework of five models of unit trust waqf and their investment management parameters. Originality/value – The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf. It does so by introducing the conceptual models of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application proposed towards the end of the paper Emerald Publishing Limited 2019-06-17 Article PeerReviewed application/pdf en http://irep.iium.edu.my/78930/1/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application.pdf application/pdf en http://irep.iium.edu.my/78930/2/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application%20-%20scopus.pdf Sulaiman, Syahnaz and Hasan, Aznan and Mohd Noor, Azman and Ismail, Muhd Issyam and Noordin, Nazrul Hazizi (2019) Proposed models for unit trust waqf and the parameters for their application. ISRA International Journal of Islamic Finance, 11 (1). pp. 62-81. ISSN 2289-4365 https://www.emerald.com/insight/content/doi/10.1108/IJIF-02-2018-0019/full/html https://doi.org/10.1108/IJIF-02-2018-0019
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam
spellingShingle	HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam Sulaiman, Syahnaz Hasan, Aznan Mohd Noor, Azman Ismail, Muhd Issyam Noordin, Nazrul Hazizi Proposed models for unit trust waqf and the parameters for their application
description	Purpose – This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation. Design/methodology/approach – This paper starts with the conceptual exploration of the literature in the areas of waqf. The sources of the literature cover authentic sources of the Qurʾ�an and � hadīth, as well as secondary sources such as books, journal articles and online resources. Findings – This paper provides the conceptual framework of five models of unit trust waqf and their investment management parameters. Originality/value – The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf. It does so by introducing the conceptual models of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application proposed towards the end of the paper
format	Article
author	Sulaiman, Syahnaz Hasan, Aznan Mohd Noor, Azman Ismail, Muhd Issyam Noordin, Nazrul Hazizi
author_facet	Sulaiman, Syahnaz Hasan, Aznan Mohd Noor, Azman Ismail, Muhd Issyam Noordin, Nazrul Hazizi
author_sort	Sulaiman, Syahnaz
title	Proposed models for unit trust waqf and the parameters for their application
title_short	Proposed models for unit trust waqf and the parameters for their application
title_full	Proposed models for unit trust waqf and the parameters for their application
title_fullStr	Proposed models for unit trust waqf and the parameters for their application
title_full_unstemmed	Proposed models for unit trust waqf and the parameters for their application
title_sort	proposed models for unit trust waqf and the parameters for their application
publisher	Emerald Publishing Limited
publishDate	2019
url	http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/1/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application.pdf http://irep.iium.edu.my/78930/2/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application%20-%20scopus.pdf
first_indexed	2023-09-18T21:51:05Z
last_indexed	2023-09-18T21:51:05Z
_version_	1777413773943898112

Proposed models for unit trust waqf and the parameters for their application

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