Sustainable Development and Investment of Waqf Assets from the Islamic Perspective

(Pembangunan dan Pelaburan Lestari Harta Wakaf dari Perspektif Islam)

Authors

  • Syahnaz Sulaiman Jabatan Kemajuan Islam Malaysia (Jakim)
  • Aznan Hasan International Islamic University Malaysia image/svg+xml
  • Ahmad Azam Sulaiman @ Mohamad University of Malaya image/svg+xml

Abstract

The initiative towards enhancing the role of waqf (endowment) as the main driving force for socioeconomic development of the ummah has received tremendous support from the Muslim community globally. Considerable attention has been paid to the aspect of waqf development and investment in order to maintain the sustainability of waqf assets to meet their divine and worldly objectives. Various mechanisms for waqf development, whether theoretical or already implemented, have intensified the effort to improve and raise the status of waqf assets not only in Malaysia but also throughout the world. Essentially, this study will discuss the concept of sustainable development and investment of waqf assets in the light of the Shariah. This study renders general guidelines towards implementing viable approaches for the development and investment of waqf assets that are in line with Islamic teachings and laws in Malaysia.

Keywords: waqf, development, investment

Author Biographies

  • Syahnaz Sulaiman, Jabatan Kemajuan Islam Malaysia (Jakim)

    Seksyen Muamalat, Bahagian Perancangan dan Penyelidikan

  • Aznan Hasan, International Islamic University Malaysia

    Institut Perbankan dan Kewangan Islam

  • Ahmad Azam Sulaiman @ Mohamad, University of Malaya

    Jabatan Syariah dan Ekonomi, Akademi Pengajian Islam

References

Downloads

Published

2016-01-01

Issue

Vol. 28 No. 1 (2016): KANUN: Jurnal Undang-undang Malaysia Volume 28 Number 1 January 2016

Section

Articles