Utilization of awqaf in financing widowed and divorced women in Malaysia and Algeria

Mohadi, Mawloud and Soualhi, Asma Akli (2022) Utilization of awqaf in financing widowed and divorced women in Malaysia and Algeria. Journal of Global Business and Social Entrepreneurship, 7 (23). pp. 270-290. E-ISSN 2462-1714

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Abstract

Governments have been devoting sizeable funds to community development programs, especially those related to vulnerable people. However, it is worth asserting that government grants will likely decrease since public spending is declining. Similarly, foreign aid and donations are limited by their preconditions. At the same time, bank loans are not easily accessible to the poor and the marginalized in the community because of their costs. Therefore, there is a need to find alternatives under Islamic financial systems to support the monetary requirements of community development activities. Consequently, this study is undertaken to explore the utilization of the Islamic institution of waqf (endowment) in meeting women's empowerment and achieving the welfare of widows, female minors, and orphans, as an urgent need to activate the role of the monetary endowment in Muslim communities. Mere reliance on government funding proved its shortages, third sector funding like charitable endowments would provide communities with quality education, housing, medical care, and other services. Hence, this study is concerned with investigating the potential role of endowments in fostering the welfare of Malaysian and Algerian widows and vulnerable women and cultivating other community advancement programs.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Islamic Endowments, Malaysia, Algeria, Divorced women, Widows
Subjects:	BPK Islamic law. Shari'ah. Fiqh H Social Sciences > HM Sociology
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws
Depositing User:	Dr ASMA AKLI SOUALHI
Date Deposited:	19 Jan 2024 17:26
Last Modified:	19 Jan 2024 17:28
URI:	http://irep.iium.edu.my/id/eprint/110292

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