Understanding cash waqf: it's role towards alleviating poverty in contemporary context
Cash Waqf is one of the potential and effective means in contemporary society in alleviating poverty. From the Islamic SharÊah perspective, the establishment of the institution of waqf is permissible and the endowed cash can be utilized for the investment and income-generation in various sectors...
| Main Authors: | , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
Universiti Sains Islam Malaysia
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/52047/1/52047_Understanding%20cash%20waqf.pdf |
| _version_ | 1825649870628716544 |
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| author | Ali, Md. Yousuf Khanom, Fahima |
| author_facet | Ali, Md. Yousuf Khanom, Fahima |
| author_sort | Ali, Md. Yousuf |
| collection | IIUM |
| description | Cash Waqf is one of the potential and effective means in contemporary society in alleviating
poverty. From the Islamic SharÊah perspective, the establishment of the institution of waqf is
permissible and the endowed cash can be utilized for the investment and income-generation
in various sectors for socio-economic development. Instances can be found in the context of
many Muslim individuals, non-government and government organizations who initiated to
establish the institution of waqf for generating incomes, eradicating the poverty, creating new
job market and helping poor and needy people. Given the context, there is a need to examine
the legitimacy of cash waqf, its role and application. The paper will survey the meaning,
necessity, and brief history of cash waqf and examine the roles of cash waqf in providing
various services to the deferent sectors and finally, present the Islamic perspective on the
issue. The paper also briefly reviews the responses of Muslim scholars with a textual analysis
and inductive approach to analyze the prospects of formulating an Islamic stance on cash
waqf in current context. It is also hoped that the ideas raised will ultimately contribute to
understanding and clarifying the Islamic stance on the issue for both Muslim and non-Muslim
communities in contemporary society. |
| first_indexed | 2024-03-05T23:54:00Z |
| format | Proceeding Paper |
| id | oai:generic.eprints.org:52047 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-05T23:54:00Z |
| publishDate | 2014 |
| publisher | Universiti Sains Islam Malaysia |
| record_format | dspace |
| spelling | oai:generic.eprints.org:520472016-11-10T03:49:38Z http://irep.iium.edu.my/52047/ Understanding cash waqf: it's role towards alleviating poverty in contemporary context Ali, Md. Yousuf Khanom, Fahima BP173.75 Islam and economics Cash Waqf is one of the potential and effective means in contemporary society in alleviating poverty. From the Islamic SharÊah perspective, the establishment of the institution of waqf is permissible and the endowed cash can be utilized for the investment and income-generation in various sectors for socio-economic development. Instances can be found in the context of many Muslim individuals, non-government and government organizations who initiated to establish the institution of waqf for generating incomes, eradicating the poverty, creating new job market and helping poor and needy people. Given the context, there is a need to examine the legitimacy of cash waqf, its role and application. The paper will survey the meaning, necessity, and brief history of cash waqf and examine the roles of cash waqf in providing various services to the deferent sectors and finally, present the Islamic perspective on the issue. The paper also briefly reviews the responses of Muslim scholars with a textual analysis and inductive approach to analyze the prospects of formulating an Islamic stance on cash waqf in current context. It is also hoped that the ideas raised will ultimately contribute to understanding and clarifying the Islamic stance on the issue for both Muslim and non-Muslim communities in contemporary society. Universiti Sains Islam Malaysia 2014 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/52047/1/52047_Understanding%20cash%20waqf.pdf Ali, Md. Yousuf and Khanom, Fahima (2014) Understanding cash waqf: it's role towards alleviating poverty in contemporary context. In: Proceedings Muktamar Waqf Iqlimi 2014, 29th Apr. 2014, Nilai, Negeri Sembilan. http://submit.confbay.com/conf/iqlimi2014 |
| spellingShingle | BP173.75 Islam and economics Ali, Md. Yousuf Khanom, Fahima Understanding cash waqf: it's role towards alleviating poverty in contemporary context |
| title | Understanding cash waqf: it's role towards alleviating poverty in contemporary context |
| title_full | Understanding cash waqf: it's role towards alleviating poverty in contemporary context |
| title_fullStr | Understanding cash waqf: it's role towards alleviating poverty in contemporary context |
| title_full_unstemmed | Understanding cash waqf: it's role towards alleviating poverty in contemporary context |
| title_short | Understanding cash waqf: it's role towards alleviating poverty in contemporary context |
| title_sort | understanding cash waqf it s role towards alleviating poverty in contemporary context |
| topic | BP173.75 Islam and economics |
| url | http://irep.iium.edu.my/52047/1/52047_Understanding%20cash%20waqf.pdf |
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