Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions

Shulthoni, Muhammad and Md Saad, Norma and Kayadibi, Saim and Ariffin, Muhammad Irwan (2017) Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions. In: 3rd International Islamic Monetary Economics and Finance (IIMEFC) 2017, 8th-9th November 2017, Surabaya, Indonesia. (Unpublished)

	PDF (Invitation letter) - Supplemental Material Restricted to Repository staff only Download (239kB) | Request a copy
	PDF (Unpublished paper) Restricted to Repository staff only Download (479kB) | Request a copy

Abstract

This paper studies the theoretical structure of financing for Islamic philanthropy in the form of waqf or endowment by looking at the past and present forms of waqf. Waqf is expected to play a more important role to tackle current social and educational issues, where financial sustainability has become one of the greatest challenges faced by waqf institutions. Using the content and thematic analysis approach, this paper reviews the practice of successful waqf institutions and summarize the features that are significant to a successful waqf fundraising and management. The paper analyses three models that are suitable for innovation and management of waqf fundraising: Venture Philanthropy of Waqf Model (VPWM), Value-Based Capital Model of Waqf (VBCM), and Social Enterprise Waqf Fund Model (SEWF). The paper then investigates the possibility of applying the Management by Objectives (MBO) framework to improve the overall management of waqf institutions. The discussions are hoped to be able to contribute towards developing a better fundraising and management of waqf institutions.

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	4788/77530
Uncontrolled Keywords:	waqf fundraising, management, financing models, waqf institutions
Subjects:	BPH Islamic Economics > BPH741 Waqf H Social Sciences > HB Economic Theory > HB126.4 Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Muhammad Irwan Ariffin
Date Deposited:	16 Nov 2020 09:41
Last Modified:	16 Nov 2020 09:41
URI:	http://irep.iium.edu.my/id/eprint/77530

Actions (login required)

View Item