Proposed models for unit trust waqf and the parameters for their application
Purpose – This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation. Design/methodology/approach – This paper starts with the conceptual exploration of the literature in the areas of waqf. The sources of the literature cover au...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English English |
| Published: |
Emerald Publishing Limited
2019
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/ http://irep.iium.edu.my/78930/1/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application.pdf http://irep.iium.edu.my/78930/2/78930%20-%20Proposed%20models%20for%20unit%20trust%20waqf%20and%20the%20parameters%20for%20their%20application%20-%20scopus.pdf |
| Summary: | Purpose – This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative
asset class for waqf creation.
Design/methodology/approach – This paper starts with the conceptual exploration of the literature in
the areas of waqf. The sources of the literature cover authentic sources of the Qurʾ�an and �
hadīth, as well as
secondary sources such as books, journal articles and online resources.
Findings – This paper provides the conceptual framework of five models of unit trust waqf and their
investment management parameters.
Originality/value – The novelty of this paper lies in its attempt to highlight the importance of waqf
investment strategy in ensuring sustainable returns for waqf. It does so by introducing the conceptual models
of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors. The sustainability
of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application
proposed towards the end of the paper |
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