Creation and management of lease of waqf properties in Sri Lanka: issues and challenges

Thabit, Muhamad Buhary and Mohamad, Nor Asiah (2021) Creation and management of lease of waqf properties in Sri Lanka: issues and challenges. Journal of Contemporary Business and Islamic Finance, 1 (1). pp. 67-80.

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Abstract

Throughout Islamic history, Waqf(Islamic endowment) has played an important role and gives positive impact on the community, especially on the socio-economic aspect. This has been made possible by having appropriate management and financing of the Waqf properties in order to improve the socio-economic growth of the Muslims. However, the implementation and manage-ment of Waqfproperty in Sri Lanka have witnessed a considerable deterioration since the last amendment of the WaqfAct in 1982 but not all. This study analyses the Waqfmanagement in Sri Lanka concerning the development of leases of Waqfproperty. It discusses the application of the current Waqflease and identifies the contemporary challenges as well as issues of the Waqflease Act and its practices. It adopts a doctrinal analysis of the primary and secondary data and documents including statutes, practices, case law, and reports. The findings of this investigation show there are positive and operative management of Waqflease, but overall awareness and specialist understand-ing are also important since Waqflease requires sustainable support and cooperation from the com-munity, private sector and the government. Keywords:

Item Type:	Article (Journal)
Additional Information:	781/96042
Uncontrolled Keywords:	Waqf Property; Lease; Management
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH202 Ijarah - Leasing BPH Islamic Economics > BPH741 Waqf K Law > K720 Property Law K Law > KBP Islamic Law K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws Ahmad Ibrahim Kulliyyah of Laws > Department of Islamic Law
Depositing User:	Dr Nor Asiah Mohamad
Date Deposited:	04 Jan 2022 16:41
Last Modified:	17 Mar 2022 12:21
URI:	http://irep.iium.edu.my/id/eprint/96042

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