Development of dormant waqf properties: application of traditional and contemporary modes of financing

Development of dormant waqf properties: application of traditional and contemporary modes of financing

Maintenance of waqf assets and keeping them in a productive state is emphasized in Islamic legal literature. In addition to traditional avenues, jurists have sanctioned certain special modes for sustaining awqâf, in order to ensure their continuance. Due to the specific legal nature of waqf assets i...

Full description

Bibliographic Details
Main Author: Sadique, Muhammad Abdurrahman
Format: Article
Language:English
Published: International Islamic University Malaysia 2010
Subjects:
HG1501 Banking
KBP173.25 Islamic law and other disciplines or subjects
Online Access:http://irep.iium.edu.my/5572/
http://irep.iium.edu.my/5572/
http://irep.iium.edu.my/5572/1/Development_of_Dormant_Waqf_Properties-Muhammad_Abdurrahman_Sadique.pdf
id iium-5572
recordtype eprints
spelling iium-55722011-12-22T00:01:54Z http://irep.iium.edu.my/5572/ Development of dormant waqf properties: application of traditional and contemporary modes of financing Sadique, Muhammad Abdurrahman HG1501 Banking KBP173.25 Islamic law and other disciplines or subjects Maintenance of waqf assets and keeping them in a productive state is emphasized in Islamic legal literature. In addition to traditional avenues, jurists have sanctioned certain special modes for sustaining awqâf, in order to ensure their continuance. Due to the specific legal nature of waqf assets in shari‘ah, some contemporary modes of financing are not readily practicable in the context of waqf. Equity based financing modes where a joint venture is initiated with the waqf assets forming part of the joint capital are not acceptable, as such modes involve partial transfer of waqf-ownership. Decreasing partnership and other formats proposed may be used for financing some waqf projects, with due observance of shari‘ah guidelines. Due to concerns that arise in certain modes principally relating to the issue of ownership, formats based on ijârah and istisnâ' appear best suited for financing awqâf. International Islamic University Malaysia 2010 Article PeerReviewed application/pdf en http://irep.iium.edu.my/5572/1/Development_of_Dormant_Waqf_Properties-Muhammad_Abdurrahman_Sadique.pdf Sadique, Muhammad Abdurrahman (2010) Development of dormant waqf properties: application of traditional and contemporary modes of financing. IIUM Law Journal, 18 (1). pp. 75-102. ISSN 0128-2530 http://rms.research.iium.edu.my/bookstore/Products/296-wwwgooglecom.aspx
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG1501 Banking
KBP173.25 Islamic law and other disciplines or subjects
spellingShingle HG1501 Banking
KBP173.25 Islamic law and other disciplines or subjects
Sadique, Muhammad Abdurrahman
Development of dormant waqf properties: application of traditional and contemporary modes of financing
description Maintenance of waqf assets and keeping them in a productive state is emphasized in Islamic legal literature. In addition to traditional avenues, jurists have sanctioned certain special modes for sustaining awqâf, in order to ensure their continuance. Due to the specific legal nature of waqf assets in shari‘ah, some contemporary modes of financing are not readily practicable in the context of waqf. Equity based financing modes where a joint venture is initiated with the waqf assets forming part of the joint capital are not acceptable, as such modes involve partial transfer of waqf-ownership. Decreasing partnership and other formats proposed may be used for financing some waqf projects, with due observance of shari‘ah guidelines. Due to concerns that arise in certain modes principally relating to the issue of ownership, formats based on ijârah and istisnâ' appear best suited for financing awqâf.
format Article
author Sadique, Muhammad Abdurrahman
author_facet Sadique, Muhammad Abdurrahman
author_sort Sadique, Muhammad Abdurrahman
title Development of dormant waqf properties: application of traditional and contemporary modes of financing
title_short Development of dormant waqf properties: application of traditional and contemporary modes of financing
title_full Development of dormant waqf properties: application of traditional and contemporary modes of financing
title_fullStr Development of dormant waqf properties: application of traditional and contemporary modes of financing
title_full_unstemmed Development of dormant waqf properties: application of traditional and contemporary modes of financing
title_sort development of dormant waqf properties: application of traditional and contemporary modes of financing
publisher International Islamic University Malaysia
publishDate 2010
url http://irep.iium.edu.my/5572/
http://irep.iium.edu.my/5572/
http://irep.iium.edu.my/5572/1/Development_of_Dormant_Waqf_Properties-Muhammad_Abdurrahman_Sadique.pdf
first_indexed 2023-09-18T20:14:14Z
last_indexed 2023-09-18T20:14:14Z
_version_ 1777407680087851008

Similar Items