Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia

This paper explores the dynamics of the waqf institution in Islam, with special focus on cash waqf and its implementation in Malaysia. Its combined flexibility and accuracy is important to the real purpose of the waqf in its implementation. Its dynamics are first explored through its meaning and...

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Main Authors:	Awang Abd. Rahman @ Jusoh, Amilah, Awang, Abdul Bari
Format:	Article
Language:	English English
Published:	IIUM Press, International Islamic University Malaysia 2018
Subjects:	HB126.4 Islamic Economics HB846 Welfare theory HJ9011 Local finance
Online Access:	http://irep.iium.edu.my/48906/ http://irep.iium.edu.my/48906/ http://irep.iium.edu.my/48906/1/48906_Exploring%20the%20Dynamics%20of%20Cash%20Waqf.pdf http://irep.iium.edu.my/48906/2/48906_Exploring%20the%20Dynamics%20of%20Cash%20Waqf_SCOPUS.pdf

id	iium-48906
recordtype	eprints
spelling	iium-489062019-07-12T03:07:55Z http://irep.iium.edu.my/48906/ Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia Awang Abd. Rahman @ Jusoh, Amilah Awang, Abdul Bari HB126.4 Islamic Economics HB846 Welfare theory HJ9011 Local finance This paper explores the dynamics of the waqf institution in Islam, with special focus on cash waqf and its implementation in Malaysia. Its combined flexibility and accuracy is important to the real purpose of the waqf in its implementation. Its dynamics are first explored through its meaning and objectives as well as special features of waqf and cash waqf with special focus on the status of the endowed asset (mawqūf). The second part focuses on the critical evaluation of the current cash waqf practices in Malaysia. It is found that the special attention on the endowed asset ought to be maintained in order to preserve its original purpose. Waqf offers all kinds of assistance and is not confined to crisis management. Possessing the highest liquidity rate, cash waqf constitutes an important financial mechanism, especially given the current state of economic affairs. Its nature must be maintained, as suggested by those jurists who allow cash to be considered as an endowed asset (mawqūf) and also those who do not favour it, in order to maintain the perpetuity of the benefit. Only by adhering to this special arrangement, the real spirit of waqf and its dynamics can be preserved and further developed in order to fulfil the economic needs of society. IIUM Press, International Islamic University Malaysia 2018-12-21 Article PeerReviewed application/pdf en http://irep.iium.edu.my/48906/1/48906_Exploring%20the%20Dynamics%20of%20Cash%20Waqf.pdf application/pdf en http://irep.iium.edu.my/48906/2/48906_Exploring%20the%20Dynamics%20of%20Cash%20Waqf_SCOPUS.pdf Awang Abd. Rahman @ Jusoh, Amilah and Awang, Abdul Bari (2018) Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia. Intellectual Discourse, Special Issue. pp. 1109-1128. ISSN 0128-4878 E-ISSN 2289-5639 https://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/1260
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HB126.4 Islamic Economics HB846 Welfare theory HJ9011 Local finance
spellingShingle	HB126.4 Islamic Economics HB846 Welfare theory HJ9011 Local finance Awang Abd. Rahman @ Jusoh, Amilah Awang, Abdul Bari Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia
description	This paper explores the dynamics of the waqf institution in Islam, with special focus on cash waqf and its implementation in Malaysia. Its combined flexibility and accuracy is important to the real purpose of the waqf in its implementation. Its dynamics are first explored through its meaning and objectives as well as special features of waqf and cash waqf with special focus on the status of the endowed asset (mawqūf). The second part focuses on the critical evaluation of the current cash waqf practices in Malaysia. It is found that the special attention on the endowed asset ought to be maintained in order to preserve its original purpose. Waqf offers all kinds of assistance and is not confined to crisis management. Possessing the highest liquidity rate, cash waqf constitutes an important financial mechanism, especially given the current state of economic affairs. Its nature must be maintained, as suggested by those jurists who allow cash to be considered as an endowed asset (mawqūf) and also those who do not favour it, in order to maintain the perpetuity of the benefit. Only by adhering to this special arrangement, the real spirit of waqf and its dynamics can be preserved and further developed in order to fulfil the economic needs of society.
format	Article
author	Awang Abd. Rahman @ Jusoh, Amilah Awang, Abdul Bari
author_facet	Awang Abd. Rahman @ Jusoh, Amilah Awang, Abdul Bari
author_sort	Awang Abd. Rahman @ Jusoh, Amilah
title	Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia
title_short	Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia
title_full	Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia
title_fullStr	Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia
title_full_unstemmed	Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia
title_sort	exploring the dynamics of cash waqf: a critical analysis of its implementation in malaysia
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2018
url	http://irep.iium.edu.my/48906/ http://irep.iium.edu.my/48906/ http://irep.iium.edu.my/48906/1/48906_Exploring%20the%20Dynamics%20of%20Cash%20Waqf.pdf http://irep.iium.edu.my/48906/2/48906_Exploring%20the%20Dynamics%20of%20Cash%20Waqf_SCOPUS.pdf
first_indexed	2023-09-18T21:09:16Z
last_indexed	2023-09-18T21:09:16Z
_version_	1777411142497337344

Exploring the dynamics of cash waqf: a critical analysis of its implementation in Malaysia

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