Integrating Waqf and Islamic Finance by Habib Ahmed
From HodHood
Contents
Top 20 FREQUENT WORDS
waqf 88 services 18 financial 16 sector 13 assets 12 awqaf 12 financing 12 management 12 based 10 islamic 10 mfi 10 social 9 takaful 8 trust 8 asset 7 contemporary 7 institutions 7 introduction 7 status 7 sukuk 7
DOCUMENT KEY POINTS
- potential of waqf in enhancing welfare type religious philanthropic beneficiaries social family a b general public c d i type aa not too common tombs i type ba waqf for family members i type c a mosques graveyards etc
- i type da waqf for enhancing welfare
- waqfa historical experience i the first waqf created by the prophet pbuh was masjid in medinah i other than these the first known awqaf were established for social purposes i umar bin khattaba land of khaybar i uthman bin affana well in madinah i thereafter many different kinds of waqf were created i public utilities education and research health care etc
- i property cash grains for seeds etc
- waqfa historical experience i at the dissolution of ottoman empirea of the land and buildings in some turkish towns were awqaf i in some muslim countries awqaf reached rd or more of cultivable land i at the beginning of th century i in palestine waqf deeds recorded owning properties compared to private ownership deeds with properties i al quds had operating schools supported by awqaf more than the no
- of mosques
- fatawa on waqf i zarqaa other than the concept of birr everything in waqf is under the realm of ijtihad i the waqf deed is binding i the organizational format and governance structure is up to the founder i in certain cases waqf can be exchanged substituted istibdal i default of waqf in case of loss of waqf deed absence of beneficiaries etc
- a used for poor and needy
- integrating waqf with the financial sector i while there are different issues related to development of waqf here we examine how it can benefit by integrating with the financial sector i waqf and the financial sector
- supply side output from waqf
- waqf financing through sukuk i singaporea musharakah sukuk used to raise million to develop projects i waqf provided the land the investors sukuk holders provided the funds for investment and warees managed the project
- i in one case a new mosque was built with attached commercial property earning annually
- services provided by waqf management organization
- services of mutawally i review implement waqf terms i develop and implement investment strategies for waqf assets i collect distribute reinvest income from waqf assets i maintain all accounting records and provide regular information to beneficiaries i fulfill financial obligations related to assets e
- paying bills taxes etc i seek legal counsel when needed
- w mfi special features for operations i to keep the corpus capital of the waqf intacta steps needed to preserve and enhance the value of the waqf i appropriate asset allocation strategies required i long term vs
- high risk return i need to create a reserve for negative shocks
Please note, This is an auto generated summary based on sentances position in the document and other factors
DOCUMENT WORD ANALYSIS
Main Category
- AlHuda Material\riba
KeyWords
islam financ bankand asset fund mfi inflated financi mfis profit contract invest risk return increase price credit usuria waqf costly
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DOCUMENT REFERENCES
Number of Pages
37
Published Date
2016-09-17 00:51:07
