The role of waqf properties in the development of the Islamic institutions in the Philippines: Issues and challenges.
Waqf system continued to be the most successful ways by which endowments or revenues of assets can be dedicated by benefactors, purposely for the welfare of the Muslim Ummah. It is highly revered when waqf funds have been used in building mosques, madrasah, orphanage centers, colleges and univers...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English English English |
| Published: |
International Islamic University Malaysia
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/65174/ http://irep.iium.edu.my/65174/1/65174_%20The%20Role%20of%20Waqf%20Properties%20in%20the%20Development%29_conference.pdf http://irep.iium.edu.my/65174/2/65174_%20The%20Role%20of%20Waqf%20Properties%20in%20the%20Development%29_cover%20page.pdf http://irep.iium.edu.my/65174/3/65174_%20The%20Role%20of%20Waqf%20Properties%20in%20the%20Development%29_schedule.pdf |
| Summary: | Waqf system continued to be the most successful ways by which endowments or
revenues of assets can be dedicated by benefactors, purposely for the welfare of
the Muslim Ummah. It is highly revered when waqf funds have been used in
building mosques, madrasah, orphanage centers, colleges and universities as
well as providing free medical services for the needy Muslims. Waqf is
considered as an indispensable institution, which can offer Islamic financial
facilities for the socio-economic development of the Bangsamoro. This research
discusses the role of waqf properties in the development of the Islamic
institutions in the Philippines. It also analyses and evaluates the issues and
challenges faced by the Muslim minorities in the management and development
of waqf properties in a country dominated by Catholic Christians. For
sustainable development, this research recommends the establishment of a
credible waqf-based model in management and financing which will provide a
strong support in the establishment of health clinic, Islamic religious centers
and educational institutions. This paper concludes that unity among the
scholars (‘ulamas) and Muslim non-governmental organizations through
implementation of a uniform waqf management can strengthen the role of
awqaf properties in developing the Islamic institutions in the Philippines. |
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