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Waqf effectiveness in Nigeria: problems and solutions

Fa-Yusuf, Habeebah Simisola and Busari, Saheed Abdullahi and Lawal Shuaibu, Bilkis (2021) Waqf effectiveness in Nigeria: problems and solutions. Journal of Islamic Finance, 10 (2). pp. 79-89. ISSN 2289-2109 E-ISSN 2289-2117

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The efficiency of the institution of Waqf in alleviating poverty is undisputable and Nigeria as a country with a significant Muslim population stands to benefit immensely from well-functioning Waqf institutions. Despite the presence of Waqf in Nigeria, the country still experiences increasing levels of poverty. This study aims to find the problems hindering the effectiveness of the Waqf operation in alleviating poverty in Nigeria. It uses the thematic framework medium of interviewing as a methodology of retrieving the necessary data. From the analysis, it was evident that a combination of a lack of awareness, lack of transparency as well as corrupt practices is what has led to the inefficiency of Waqf operations in Nigeria. The study concludes by discussing solutions that can be employed to remedy the challenges, including producing experts in Waqf management, providing tax exemptions for Waqf donors, enacting Federal laws relating to Awqaf and awareness creation.

Item Type: Article (Journal)
Uncontrolled Keywords: waqf, poverty, Nigeria
Subjects: BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability
BPH Islamic Economics > BPH741 Waqf
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User: Dr. Saheed Abdullahi Busari
Date Deposited: 03 Jan 2022 10:58
Last Modified: 03 Jan 2022 10:58
URI: http://irep.iium.edu.my/id/eprint/95894

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