Islamic Capital Market and Waqf

Various Studies have been conducted on the revival of waqf in modern times. Hence, there have been considerable researches conducted on the area of Islamic finance in various parts of the world to facilitate Waqf development towards improving the welfare of the Muslim ummah. It has also been said th...

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Main Authors: Hasan, Aznan, Rafidah, Neng, Hamber, Norliana, Mohd Zuhri, Muhammad Zhahiruddin, Khurshid, Usman
Format: Proceeding Paper
Language:English
Published: 2013
Subjects:
Online Access:http://irep.iium.edu.my/35466/1/35466_Islamic%20Capital%20Market%20and%20Waqf.pdf
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author Hasan, Aznan
Rafidah, Neng
Hamber, Norliana
Mohd Zuhri, Muhammad Zhahiruddin
Khurshid, Usman
author_facet Hasan, Aznan
Rafidah, Neng
Hamber, Norliana
Mohd Zuhri, Muhammad Zhahiruddin
Khurshid, Usman
author_sort Hasan, Aznan
collection IIUM
description Various Studies have been conducted on the revival of waqf in modern times. Hence, there have been considerable researches conducted on the area of Islamic finance in various parts of the world to facilitate Waqf development towards improving the welfare of the Muslim ummah. It has also been said that waqf institutions provide a unique impetus for the growth of Islamic finance. The objective of this paper is to highlight how Islamic capital market instruments such as sukuk, real-estate investment trusts (REITs) and equity securities have facilitated the growth and development of institutions of waqf. However, there are several issues present for each of these instruments that need to be addressed before they can be utilized for this purpose. All in all, the collection of success stories presented in this paper is a testament of the thriving integration between waqf and contemporary Islamic finance.
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spelling oai:generic.eprints.org:354662021-06-24T03:55:09Z http://irep.iium.edu.my/35466/ Islamic Capital Market and Waqf Hasan, Aznan Rafidah, Neng Hamber, Norliana Mohd Zuhri, Muhammad Zhahiruddin Khurshid, Usman HG4501 Stocks, investment, speculation KBP1 Islamic law.Shariah.Fiqh Various Studies have been conducted on the revival of waqf in modern times. Hence, there have been considerable researches conducted on the area of Islamic finance in various parts of the world to facilitate Waqf development towards improving the welfare of the Muslim ummah. It has also been said that waqf institutions provide a unique impetus for the growth of Islamic finance. The objective of this paper is to highlight how Islamic capital market instruments such as sukuk, real-estate investment trusts (REITs) and equity securities have facilitated the growth and development of institutions of waqf. However, there are several issues present for each of these instruments that need to be addressed before they can be utilized for this purpose. All in all, the collection of success stories presented in this paper is a testament of the thriving integration between waqf and contemporary Islamic finance. 2013-11-06 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/35466/1/35466_Islamic%20Capital%20Market%20and%20Waqf.pdf Hasan, Aznan and Rafidah, Neng and Hamber, Norliana and Mohd Zuhri, Muhammad Zhahiruddin and Khurshid, Usman (2013) Islamic Capital Market and Waqf. In: 1st ASEAN International Conference on Islamic Finance (1st AICIF), Damansara Heights, Kuala Lumpur, Malaysia. (Unpublished)
spellingShingle HG4501 Stocks, investment, speculation
KBP1 Islamic law.Shariah.Fiqh
Hasan, Aznan
Rafidah, Neng
Hamber, Norliana
Mohd Zuhri, Muhammad Zhahiruddin
Khurshid, Usman
Islamic Capital Market and Waqf
title Islamic Capital Market and Waqf
title_full Islamic Capital Market and Waqf
title_fullStr Islamic Capital Market and Waqf
title_full_unstemmed Islamic Capital Market and Waqf
title_short Islamic Capital Market and Waqf
title_sort islamic capital market and waqf
topic HG4501 Stocks, investment, speculation
KBP1 Islamic law.Shariah.Fiqh
url http://irep.iium.edu.my/35466/1/35466_Islamic%20Capital%20Market%20and%20Waqf.pdf
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