Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia

Purpose – This paper attempt to offer an alternative mode of financing for developing idle Waqf land using cooperative and Waqf. Design/Methodology/Approach – The present study evaluated relevant existing literatures on the; (i) issues of financing faced by Waqf institution in developing idle Waqf...

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Main Authors:	Allah Pitchay, Anwar, Azhar, Zubir, Mohd Thas Thaker, Mohamed Asmy, Mydin, Al Amin
Format:	Conference or Workshop Item
Language:	English English English
Published:	2017
Subjects:	BP173.6 Islam and the state H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/2/ACMASS-0009.pdf http://irep.iium.edu.my/57600/3/201708%20Osaka%20Conference%20Program.pdf http://irep.iium.edu.my/57600/15/Final%20Paper_Asmy.pdf

id	iium-57600
recordtype	eprints
spelling	iium-576002017-07-20T08:03:48Z http://irep.iium.edu.my/57600/ Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin BP173.6 Islam and the state H Social Sciences (General) Purpose – This paper attempt to offer an alternative mode of financing for developing idle Waqf land using cooperative and Waqf. Design/Methodology/Approach – The present study evaluated relevant existing literatures on the; (i) issues of financing faced by Waqf institution in developing idle Waqf lands, and (2) existing models of cash Waqf have been reviewed and based on this gap, we proposed a hybrid model of Cooperative-Waqf. Findings – The proposed model is unique due to the new dimension which is membership is embedded into the Waqf project. This means the donors are given privilege to received benefit from the commercialise project which is develop on the Waqf lands. So far, the existing models of cash Waqf are using traditional method which means the donors only contribute cash Waqf and they do not aware about the utilisation of the cash Waqf. Commonly, this agency problem is occurred due to the lack of two-way communication between cash Waqf donors and Waqf institution. Therefore, the proposed model is able to boost more participation to develop Waqf land and also create harmonisation relationship between cash Waqf donor and Waqf institution. Research limitation/Implication – The paper is based on conceptual explorations of existing literatures in the area of Waqf and cash Waqf, and the finding is not empirically investigated. Practical Implication – The proposed hybrid model in this study will provide an alternative way of boosting cash Waqf and develop Waqf lands. This model is significant to policy maker such as government, private and NGOs to promote philanthropy based development. Originality/Value – The present study extent the existing literatures in area of Waqf and cash Waqf models especially the practise of this instrument in the context of Malaysia. Besides the literature, the present also offers new hybrid model which currently are not practised in any Muslim and minority Muslim countries. 2017-08-15 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/57600/2/ACMASS-0009.pdf application/pdf en http://irep.iium.edu.my/57600/3/201708%20Osaka%20Conference%20Program.pdf application/pdf en http://irep.iium.edu.my/57600/15/Final%20Paper_Asmy.pdf Allah Pitchay, Anwar and Azhar, Zubir and Mohd Thas Thaker, Mohamed Asmy and Mydin, Al Amin (2017) Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia. In: Annual Conference on Management and Social Sciences (ACMASS), 2017, 14th-16th Aug. 2017, Osaka, Japan. (In Press) http://acmass.org/site/page.aspx?pid=901&sid=6031&lang=en
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	BP173.6 Islam and the state H Social Sciences (General)
spellingShingle	BP173.6 Islam and the state H Social Sciences (General) Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
description	Purpose – This paper attempt to offer an alternative mode of financing for developing idle Waqf land using cooperative and Waqf. Design/Methodology/Approach – The present study evaluated relevant existing literatures on the; (i) issues of financing faced by Waqf institution in developing idle Waqf lands, and (2) existing models of cash Waqf have been reviewed and based on this gap, we proposed a hybrid model of Cooperative-Waqf. Findings – The proposed model is unique due to the new dimension which is membership is embedded into the Waqf project. This means the donors are given privilege to received benefit from the commercialise project which is develop on the Waqf lands. So far, the existing models of cash Waqf are using traditional method which means the donors only contribute cash Waqf and they do not aware about the utilisation of the cash Waqf. Commonly, this agency problem is occurred due to the lack of two-way communication between cash Waqf donors and Waqf institution. Therefore, the proposed model is able to boost more participation to develop Waqf land and also create harmonisation relationship between cash Waqf donor and Waqf institution. Research limitation/Implication – The paper is based on conceptual explorations of existing literatures in the area of Waqf and cash Waqf, and the finding is not empirically investigated. Practical Implication – The proposed hybrid model in this study will provide an alternative way of boosting cash Waqf and develop Waqf lands. This model is significant to policy maker such as government, private and NGOs to promote philanthropy based development. Originality/Value – The present study extent the existing literatures in area of Waqf and cash Waqf models especially the practise of this instrument in the context of Malaysia. Besides the literature, the present also offers new hybrid model which currently are not practised in any Muslim and minority Muslim countries.
format	Conference or Workshop Item
author	Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin
author_facet	Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin
author_sort	Allah Pitchay, Anwar
title	Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
title_short	Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
title_full	Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
title_fullStr	Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
title_full_unstemmed	Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
title_sort	developing idle waqf (endowment) lands through cooperative-waqf model: the case of malaysia
publishDate	2017
url	http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/2/ACMASS-0009.pdf http://irep.iium.edu.my/57600/3/201708%20Osaka%20Conference%20Program.pdf http://irep.iium.edu.my/57600/15/Final%20Paper_Asmy.pdf
first_indexed	2023-09-18T21:21:26Z
last_indexed	2023-09-18T21:21:26Z
_version_	1777411908173824000

Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia

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