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Integrated Approach of Unit Trust and Waqf as Sustainable Investment Conceptual Model in the Covid-19 Era

Sulaiman, Syahnaz and Hasan, Aznan (2020) Integrated Approach of Unit Trust and Waqf as Sustainable Investment Conceptual Model in the Covid-19 Era. In: 3rd International Seminar on Islam and Science 2020 (SAIS 2020), 15 October 2020, Malaysia.

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Harnessing a sustainable model of waqf remains as the key challenge faced by waqf managers particularly in the mid of socio-economic crisis due to COVID-19 pandemic. This paper aims to present the viability of unit trust waqf as an alternative asset for waqf creation. This study employed a qualitative research designed through the use of document analysis of classical Islamic books, Islamic ruling (fatwa), journal articles, books, online resources, and policy documents. The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf particularly during this difficult time in reducing the socioeconomic impact of COVID-19 catastrophe, by introducing conceptual model of unit trust waqf as potential mechanisms to pool more cash waqf from individual investors. This paper submitted that waqf plays a significant role as global financial cure for economic revival post COVID-19. The sustainability of the capital waqf assets in the form of unit trust is preserved through the distinctive fixed price feature of the unit trust waqf as proposed toward the end of the paper.

Item Type: Conference or Workshop Item (Invited Papers)
Uncontrolled Keywords: Waqf, unit trust, Islamic finance, fatwa
Subjects: BPH Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Aznan Hasan
Date Deposited: 23 Jun 2021 17:25
Last Modified: 23 Jun 2021 17:25
URI: http://irep.iium.edu.my/id/eprint/89848

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