Empowering waqf financing sustainability through capital market in Malaysia: a review

Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf fina...

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Main Authors:	Khaliq, Ahmad, Hussin, Nazimah, Mohd Thas Thaker, Mohamed Asmy, Allah Pitchay, Anwar, Mohd Thas Thaker, Hassanudin
Format:	Conference or Workshop Item
Language:	English English
Published:	2019
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/76785/ http://irep.iium.edu.my/76785/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf http://irep.iium.edu.my/76785/9/Br.%20Ahmad%20Khaliq_Waqf%20.pdf

id	iium-76785
recordtype	eprints
spelling	iium-767852019-12-31T02:31:03Z http://irep.iium.edu.my/76785/ Empowering waqf financing sustainability through capital market in Malaysia: a review Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin H Social Sciences (General) Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf financing feasibility through capital market integration from the Malaysian context. Financing tools primarily designed for Waqf assets development are rigorously explored to secure sustainability of Waqf institutions. While embracing the theory of sustainability entailing chief aspects of economics, social and environment as a guiding principle, the study proposes a viable integration of Waqf and capital market instrument of unit trust investments based on the Shariah-compliant. The finding illustrates that there is an essential need for a novel apparatus through the capital market such Waqf unit trust to realize grander Waqf funds accumulation, investment, and distribution. It is exceedingly encouraged that produced proceeds from the investment are optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to group Waqf fund via unit 2019-11-28 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/76785/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf application/pdf en http://irep.iium.edu.my/76785/9/Br.%20Ahmad%20Khaliq_Waqf%20.pdf Khaliq, Ahmad and Hussin, Nazimah and Mohd Thas Thaker, Mohamed Asmy and Allah Pitchay, Anwar and Mohd Thas Thaker, Hassanudin (2019) Empowering waqf financing sustainability through capital market in Malaysia: a review. In: 10th Foundation of Islamic Finance Conference 2019, Sunway University, Malaysia. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin Empowering waqf financing sustainability through capital market in Malaysia: a review
description	Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf financing feasibility through capital market integration from the Malaysian context. Financing tools primarily designed for Waqf assets development are rigorously explored to secure sustainability of Waqf institutions. While embracing the theory of sustainability entailing chief aspects of economics, social and environment as a guiding principle, the study proposes a viable integration of Waqf and capital market instrument of unit trust investments based on the Shariah-compliant. The finding illustrates that there is an essential need for a novel apparatus through the capital market such Waqf unit trust to realize grander Waqf funds accumulation, investment, and distribution. It is exceedingly encouraged that produced proceeds from the investment are optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to group Waqf fund via unit
format	Conference or Workshop Item
author	Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin
author_facet	Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin
author_sort	Khaliq, Ahmad
title	Empowering waqf financing sustainability through capital market in Malaysia: a review
title_short	Empowering waqf financing sustainability through capital market in Malaysia: a review
title_full	Empowering waqf financing sustainability through capital market in Malaysia: a review
title_fullStr	Empowering waqf financing sustainability through capital market in Malaysia: a review
title_full_unstemmed	Empowering waqf financing sustainability through capital market in Malaysia: a review
title_sort	empowering waqf financing sustainability through capital market in malaysia: a review
publishDate	2019
url	http://irep.iium.edu.my/76785/ http://irep.iium.edu.my/76785/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf http://irep.iium.edu.my/76785/9/Br.%20Ahmad%20Khaliq_Waqf%20.pdf
first_indexed	2023-09-18T21:48:27Z
last_indexed	2023-09-18T21:48:27Z
_version_	1777413608177664000

Empowering waqf financing sustainability through capital market in Malaysia: a review

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