1st Edition
Awqaf-led Islamic Social Finance Innovative Solutions to Modern Applications
This book provides an authoritative and comprehensive overview of Waqf (endowment), addressing specific issues, models, solutions, structures and practices. As Islamic finance has gained in significance, so too has the institution of Waqf, working towards creating an enterprising and an entrepreneurial community across the globe, in order to meet the underlying objectives of the sustainable development goals (SDGs) by targeting the low-income group in particular.
The book analyses the historical context of Waqf as well as its revival in the digital era. It addresses the laws and policies affecting the management of Waqf, such as Maqasid al-Shari’ah, law and policies, law and fiscal reform, regulations applied within Muslim countries, judicial procedures and dispute resolutions and covers the core issues concerning the formalities of Waqf, its management and corporate governance questions. The book includes a series of specialised chapters focusing on the products and services of Waqf, covering product innovation, product development, and then assesses the risk factors in Waqf and Waqf Takaful. Finally, it focuses on the challenges of Waqf and offers recommendations for the way forward.
A timely and practical guide, comprising a literature review and future research directions, as well as a number of international case studies, this will be a key reference for academics, students, researchers, practitioners and policy makers.
About the Author
List of Figures
List of Tables
Scientific Advisory Body
Acknowledgement
Foreword
Preface
Contributors
Introduction
Part I Awqaf: Its World View
Chapter 1 Emergence of Awqaf Development Centre: A Mind-mapping Idea
Mohd Ma'Sum Billah
Chapter 2 Awqaf LedNeo Endowment in Supporting Socio-Economic Development
Mohammed Fawzi Aminu Amadu & Mohd Ma’Sum Billah
Chapter 3 Objectives of Awqaf within the Classical Discourse and their Modern Implications
Mohammad Abdullah
Chapter 4 Role of Awqaf as an Economic Driver
Hisham Dafterdar
Chapter 5 Genesis of Awqaf –A Lesson to Learn From the French Literature on Ottoman Empire
Abderrazak Belabes
Chapter 6 Contemporary Approach in Productive Awqaf Development
Hendri Tanjung, Imam Teguh Saptono & Imam Nur Aziz
Chapter 7 Utilizing Awqaf in Modern Muslim Minority Societies
Sheikh Haitham al-Haddad & Umer Suleman
Part II Awqaf: Its Law and Policies
Chapter 8 Gender Justice in the Law of Awqaf Syed
Khalid Rashid
Chapter 9 Developing a Waqf Market and Reconceptualizing Awqaf Governance Via Regtech
Zakariya Mustapha & Aishath Muneeza
Part III Awqaf: Its Applications and Experiences
Chapter 10 Poverty Alleviation through Islamic Social Finance in Agro-sectors-An Experience of Northern Ghana
Abdul-Jalil Ibrahim & Mohd Ma'Sum Billah
Chapter 11 Developing Awqaf through Cash Waqf
Hichem Hamza
Chapter 12 Islamic Social Finance Reform-Hibah a Catalyst for Awqaf Advancement
Noor Shahalina Binti Jamaludin & Shaikh Hamzah Abdul Razak
Chapter 13 Edu-Waqf Model- An Analysis of Selected OIC Member Countries
Mustafa Omar Mohammed, Mohamed Cherif El Amri & Souhaila Guedira
Chapter 14 Smart Waqf City for Education-An Experience in Darussalam Gontor, Indonesia
Magda Ismail Abdel Mohsin & Aminuddin Maruf
Chapter 15 Empirical Investigation on Awqaf and Its Socio-Economic Impact in Malaysia
Muhammad Iqmal Hisham Kamaruddin, Mustafa Mohd Hanefah & Rosnia Masruki
Chapter 16 Awqaf-Its ASEAN Experiences and a Lesson to Learn
Lisa Listianaa & Dian Masyitab
Chapter 17 Integrated Social and Productive Awqaf in Indonesia
Ascarya, Raditya Sukmana & Muhamad Nadratuzzaman Hosen
Chapter 18 Waqf Led Social Finance in Poverty Alleviation-An Experience in Khyber Pakhtunkhwa, Pakistan
S. Ghisaul Haq & Suhail Ahmad
Chapter 19 Youth Empowerment and the Application of Cash Waqf-An Experience in Kano State, Nigeria
Nura Abubakar Gwadabe & Asmak bint Ab Rahman
Index
Biography
Mohd Ma’Sum Billah is Professor of Finance and Insurance at the Islamic Economics Institute, King Abdulaziz University, Jeddah, Kingdom of Saudi Arabia.
