The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman

Waqf is a medium of distributing wealth that has been practiced since the time of the Prophet s.a.w. This practice is demand in Islam because its benefit could be gained, not only in the world but in the hereafter as well. Waqf is also important in fostering a spirit of ukhuwah among individuals wit...

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Bibliographic Details
Main Author:	Mohd Rahman, Nur Sakinah Hayani
Format:	Student Project
Language:	English
Published:	Academy of Contemporary Islamic Studies (ACIS) 2016
Subjects:	Waqf. Awqāf. Charities. Endowments
Online Access:	http://ir.uitm.edu.my/id/eprint/23288/ http://ir.uitm.edu.my/id/eprint/23288/1/PPb_NUR%20SAKINAH%20HAYANI%20MOHD%20RAHMAN%20ACI%20B%2016_5.pdf

id	uitm-23288
recordtype	eprints
spelling	uitm-232882019-02-28T10:18:43Z http://ir.uitm.edu.my/id/eprint/23288/ The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman Mohd Rahman, Nur Sakinah Hayani Waqf. Awqāf. Charities. Endowments Waqf is a medium of distributing wealth that has been practiced since the time of the Prophet s.a.w. This practice is demand in Islam because its benefit could be gained, not only in the world but in the hereafter as well. Waqf is also important in fostering a spirit of ukhuwah among individuals without expecting anything in return. When someone has donated his property, individuals who use it do not have to replace or return it back to its original owner. So, the property remains as long as the benefits of the property ownership can still be used. Accordingly, there are numerous modern innovations have been implemented to waqf in Malaysia including the introduction of corporate endowment. Corporate endowment is the latest innovation in the world of Islamic finance. The practice of corporate waqf allows the contributors to donate not only by using fixed asset such as land and building but also by liquidity. Then, the liquidity will be invest by corporate waqf entity before distribute it to the beneficiaries. Furthermore, the practice of corporate endowments is in line with the Quran and Sunnah and do not conflict with the laws and regulations set by the sharia. This paper aims to explore the details regarding the concept of corporate waqf that have been establish in Malaysia since 2006, as well as the modus operandi of the practice of corporate waqf entity Academy of Contemporary Islamic Studies (ACIS) 2016 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/23288/1/PPb_NUR%20SAKINAH%20HAYANI%20MOHD%20RAHMAN%20ACI%20B%2016_5.pdf Mohd Rahman, Nur Sakinah Hayani (2016) The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Waqf. Awqāf. Charities. Endowments
spellingShingle	Waqf. Awqāf. Charities. Endowments Mohd Rahman, Nur Sakinah Hayani The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman
description	Waqf is a medium of distributing wealth that has been practiced since the time of the Prophet s.a.w. This practice is demand in Islam because its benefit could be gained, not only in the world but in the hereafter as well. Waqf is also important in fostering a spirit of ukhuwah among individuals without expecting anything in return. When someone has donated his property, individuals who use it do not have to replace or return it back to its original owner. So, the property remains as long as the benefits of the property ownership can still be used. Accordingly, there are numerous modern innovations have been implemented to waqf in Malaysia including the introduction of corporate endowment. Corporate endowment is the latest innovation in the world of Islamic finance. The practice of corporate waqf allows the contributors to donate not only by using fixed asset such as land and building but also by liquidity. Then, the liquidity will be invest by corporate waqf entity before distribute it to the beneficiaries. Furthermore, the practice of corporate endowments is in line with the Quran and Sunnah and do not conflict with the laws and regulations set by the sharia. This paper aims to explore the details regarding the concept of corporate waqf that have been establish in Malaysia since 2006, as well as the modus operandi of the practice of corporate waqf entity
format	Student Project
author	Mohd Rahman, Nur Sakinah Hayani
author_facet	Mohd Rahman, Nur Sakinah Hayani
author_sort	Mohd Rahman, Nur Sakinah Hayani
title	The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman
title_short	The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman
title_full	The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman
title_fullStr	The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman
title_full_unstemmed	The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman
title_sort	concept and application of corporate waqf in malaysia / nur sakinah hayani mohd rahman
publisher	Academy of Contemporary Islamic Studies (ACIS)
publishDate	2016
url	http://ir.uitm.edu.my/id/eprint/23288/ http://ir.uitm.edu.my/id/eprint/23288/1/PPb_NUR%20SAKINAH%20HAYANI%20MOHD%20RAHMAN%20ACI%20B%2016_5.pdf
first_indexed	2023-09-18T23:10:28Z
last_indexed	2023-09-18T23:10:28Z
_version_	1777418767703212032

The concept and application of corporate Waqf in Malaysia / Nur Sakinah Hayani Mohd Rahman

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