Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia

The objective of this paper is to analyse the various opportunities and challenges in the synergy of Waqf management and the various financial technologies to promote and support management of Waqf. The paper sets out the existing legal and organisational framework for Waqf management at the State I...

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Main Author:	Mohamad, Nor Asiah
Format:	Conference or Workshop Item
Language:	English English
Published:	ONIKILEVHA 2019
Subjects:	KBP173.25 Islamic law and other disciplines or subjects
Online Access:	http://irep.iium.edu.my/71999/ http://irep.iium.edu.my/71999/ http://irep.iium.edu.my/71999/ http://irep.iium.edu.my/71999/1/71999_Abstract.pdf http://irep.iium.edu.my/71999/2/71999_Leveraging%20Fintech%20to%20enhance%20waqf%20management.pdf

id	iium-71999
recordtype	eprints
spelling	iium-719992019-10-25T01:24:53Z http://irep.iium.edu.my/71999/ Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia Mohamad, Nor Asiah KBP173.25 Islamic law and other disciplines or subjects The objective of this paper is to analyse the various opportunities and challenges in the synergy of Waqf management and the various financial technologies to promote and support management of Waqf. The paper sets out the existing legal and organisational framework for Waqf management at the State Islamic Religious Councils that plays the role as the institutional waqf manager in Malaysia. It shares some common criticisms or deficiencies pertaining to the management of Waqf in Malaysia. The paper also assesses the possible ways and avenues to improve the state of affairs and proposes for the employment of the various technological advancement to improve the management. The findings show among others, that the existing legal and administrative framework contributes to other issues such as lack of standardisation of policies, lack of competent manpower, lack of funds and these have brought about lack of transparency and difficulty in gaining trust from the public. The paper concludes by highlighting some possible challenges and recommendations including the use of fintech, including blockchain, as future tools to enhance Waqf management and to build trust among the public. ONIKILEVHA 2019-04-06 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/71999/1/71999_Abstract.pdf application/pdf en http://irep.iium.edu.my/71999/2/71999_Leveraging%20Fintech%20to%20enhance%20waqf%20management.pdf Mohamad, Nor Asiah (2019) Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia. In: 8th International Conference on Law & Society (ICLAS 8), 6th April 2019, Istanbul, Turkey. http://iclas2019.org/accepted-abstracts/ YAYIN NO 1114
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	KBP173.25 Islamic law and other disciplines or subjects
spellingShingle	KBP173.25 Islamic law and other disciplines or subjects Mohamad, Nor Asiah Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia
description	The objective of this paper is to analyse the various opportunities and challenges in the synergy of Waqf management and the various financial technologies to promote and support management of Waqf. The paper sets out the existing legal and organisational framework for Waqf management at the State Islamic Religious Councils that plays the role as the institutional waqf manager in Malaysia. It shares some common criticisms or deficiencies pertaining to the management of Waqf in Malaysia. The paper also assesses the possible ways and avenues to improve the state of affairs and proposes for the employment of the various technological advancement to improve the management. The findings show among others, that the existing legal and administrative framework contributes to other issues such as lack of standardisation of policies, lack of competent manpower, lack of funds and these have brought about lack of transparency and difficulty in gaining trust from the public. The paper concludes by highlighting some possible challenges and recommendations including the use of fintech, including blockchain, as future tools to enhance Waqf management and to build trust among the public.
format	Conference or Workshop Item
author	Mohamad, Nor Asiah
author_facet	Mohamad, Nor Asiah
author_sort	Mohamad, Nor Asiah
title	Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia
title_short	Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia
title_full	Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia
title_fullStr	Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia
title_full_unstemmed	Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia
title_sort	leveraging fintech to enhance waqf management under the state religious council (sirc) in malaysia
publisher	ONIKILEVHA
publishDate	2019
url	http://irep.iium.edu.my/71999/ http://irep.iium.edu.my/71999/ http://irep.iium.edu.my/71999/ http://irep.iium.edu.my/71999/1/71999_Abstract.pdf http://irep.iium.edu.my/71999/2/71999_Leveraging%20Fintech%20to%20enhance%20waqf%20management.pdf
first_indexed	2023-09-18T21:42:05Z
last_indexed	2023-09-18T21:42:05Z
_version_	1777413207499997184

Leveraging Fintech to enhance Waqf management under the State Religious Council (SIRC) in Malaysia

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