Waqf Assets Management: Harnessing Tool for Muslims’ Welfare
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 11
Abstract
This article discusses the potential of waqf in harnessing the Muslims’ welfare. A professional and effective administration of waqf is seen essential and regarded as a basic tool for a highly impact economic instrument in Islam. The varieties of waqf’s objectives at the same time provide support for wide spreading religious and philanthropic activities. The potential of waqf institution strongly depends on Muslims’s understanding towards waqf and significantly influenced by effective administration of its fund. Therefore, this writing aims to put forward a conceptual discussion on the meaning of waqf and its role in the Malaysian society. In addition, it is also importance to higlight the necessity to legislate a standardized law on waqf and its administration in developing Muslim socio-economy.
Authors and Affiliations
Engku Muhammad Tajuddin Engku Ali, Nadhirah Nordin, Fadzli Adam, Mutia Sobihah Abd Halim
Keywords
Related Articles
- EP ID EP574727
- DOI 10.6007/IJARBSS/v8-i11/4907
- Views 81
- Downloads 0
The Effect of Negative Mood on Industrial Production: First Evidence from Turkish TV Series Finales
This paper analyses the impact of parasocial breakup (PB) on the industrial production performance in Turkey. We employ 139 Turkish TV series finales, broadcasted between 2005 and 2015, as a negative mood proxy. We use t...
Trust Issue in Family Businesses and Its Relationships with Institutionalization
Though family businesses dominate business environment globally, there is a lack of research about these businesses. A literature review yields that trust among family members is such an issue. With the aim of contributi...
Formulating A Conceptual Framework for Teacher Clinical Experience and Induction in Malaysia Teacher Education: A Retrospective Account of Teacher Trainers
This paper depicts how a conceptual framework for teacher clinical experience and induction was formulated in a five-year research programme funded by the Malaysian Ministry of Education. The framework is an outcome of r...
What is the Contribution of ISO 9001 Quality Management System to Educational Institutions?
In this study, ISO Quality Management System and its benefits to education sector are examined. Solution offers were proposed to many sectorial problems with this article examined the benefits of ISO 9001 applications to...
Guiding Principles for Islamic Labor Code and Business Ethics
This paper proposes a Guiding Principle for Islamic Labour Code and Business Ethics for business entities such as multinational corporations (MNCs) operating in Muslim countries. This code is proposed to ensure the manne...