Sulaiman, Syahnaz and Hasan, Aznan and Shafii, Zurina
(2019)
Contemporary structuring of corporate waqf via Islamic real estate investment trusts (i-reits): is it viable?
In:
Shariah Governance And Assurance In Islamic Financial Sectors.
USIM Press, Bandar Baru Nilai, pp. 254-272.
ISBN 978-967-440-666-0
Abstract
Waqf or Islamic endowment is an important institution in the
social sector (ijtimia’i sector) of the Islamic economic system that
has contributed significantly towards socio-economic and social
development since the early days of Islam. There is an abundance
of historical evidence that has shown the commendable contribution
of waqf as a primary socio-economic vehicle for financing Muslim
society (Hodgson, 1974) without incurring any cost to the government
(Mohsin, 2010; Cizakca, 1998). A substantial amount of literature
has discussed the great contributions of waqf, and the importance
of effective and efficient management role of waqf institution in
enhancing the socio-economic development.
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