A juristic study on investment of awqaf: from classical to contemporary modes

Awqaf (endowments) had played a significant role in the progress and development of human civilization. It is a need of time to revitalize the roles of awqaf for the advancement of human society and civilization. Hence, this paper intends to make a juristic study on utilizing awqaf funds through inv...

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Main Authors:	Osmani, Noor Mohammad, Rahman, Md. Habibur
Format:	Article
Language:	English
Published:	INSI Publications 2015
Subjects:	KBP490 Furūʻ al-fiqh. Substantive law. Branches of law.
Online Access:	http://irep.iium.edu.my/47048/ http://irep.iium.edu.my/47048/ http://irep.iium.edu.my/47048/1/INVESTMENT_OF_WAQF.pdf

id	iium-47048
recordtype	eprints
spelling	iium-470482016-07-19T02:54:57Z http://irep.iium.edu.my/47048/ A juristic study on investment of awqaf: from classical to contemporary modes Osmani, Noor Mohammad Rahman, Md. Habibur KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. Awqaf (endowments) had played a significant role in the progress and development of human civilization. It is a need of time to revitalize the roles of awqaf for the advancement of human society and civilization. Hence, this paper intends to make a juristic study on utilizing awqaf funds through investment and financing based on the classical to the contemporary modes. The paper will be qualitative in nature, in which analytical and descriptive methods will be followed. The analysis primarily relies on classical and contemporary juristic views and discussion. The paper claims that the investment of awqaf properties could be accomplished in two forms, investment of the original awqaf assets and investment of its proceeds. The investment modes to be analyzed in the paper are, for example, hikr (long lease with large advance lump sum), lease with dual payment, kadik (tenant's improvements to rental property), mursad (construction for rent swap with a waqf), sharecropping, partnership, diminishing partnership, manufacturing arrangement, lease ended with ownership as well as investment in purchasing permissible financial papers and securities. The paper also explains the issue of substitution and modification of awqaf properties as it is of paramount importance in handling the awqaf properties for the welfare of society. INSI Publications 2015-09 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47048/1/INVESTMENT_OF_WAQF.pdf Osmani, Noor Mohammad and Rahman, Md. Habibur (2015) A juristic study on investment of awqaf: from classical to contemporary modes. Australian Journal of Basic and Applied Sciences, 9 (31). pp. 126-133. ISSN 1991-8178 http://www.scimagojr.com/journalsearch.php?q=17600155109&tip=sid&clean=0
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KBP490 Furūʻ al-fiqh. Substantive law. Branches of law.
spellingShingle	KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. Osmani, Noor Mohammad Rahman, Md. Habibur A juristic study on investment of awqaf: from classical to contemporary modes
description	Awqaf (endowments) had played a significant role in the progress and development of human civilization. It is a need of time to revitalize the roles of awqaf for the advancement of human society and civilization. Hence, this paper intends to make a juristic study on utilizing awqaf funds through investment and financing based on the classical to the contemporary modes. The paper will be qualitative in nature, in which analytical and descriptive methods will be followed. The analysis primarily relies on classical and contemporary juristic views and discussion. The paper claims that the investment of awqaf properties could be accomplished in two forms, investment of the original awqaf assets and investment of its proceeds. The investment modes to be analyzed in the paper are, for example, hikr (long lease with large advance lump sum), lease with dual payment, kadik (tenant's improvements to rental property), mursad (construction for rent swap with a waqf), sharecropping, partnership, diminishing partnership, manufacturing arrangement, lease ended with ownership as well as investment in purchasing permissible financial papers and securities. The paper also explains the issue of substitution and modification of awqaf properties as it is of paramount importance in handling the awqaf properties for the welfare of society.
format	Article
author	Osmani, Noor Mohammad Rahman, Md. Habibur
author_facet	Osmani, Noor Mohammad Rahman, Md. Habibur
author_sort	Osmani, Noor Mohammad
title	A juristic study on investment of awqaf: from classical to contemporary modes
title_short	A juristic study on investment of awqaf: from classical to contemporary modes
title_full	A juristic study on investment of awqaf: from classical to contemporary modes
title_fullStr	A juristic study on investment of awqaf: from classical to contemporary modes
title_full_unstemmed	A juristic study on investment of awqaf: from classical to contemporary modes
title_sort	juristic study on investment of awqaf: from classical to contemporary modes
publisher	INSI Publications
publishDate	2015
url	http://irep.iium.edu.my/47048/ http://irep.iium.edu.my/47048/ http://irep.iium.edu.my/47048/1/INVESTMENT_OF_WAQF.pdf
first_indexed	2023-09-18T21:06:57Z
last_indexed	2023-09-18T21:06:57Z
_version_	1777410996923531264

A juristic study on investment of awqaf: from classical to contemporary modes

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