Mhd. Sarif, Suhaimi and Hidayatullah, Rakhmad Agung and Firmansah, Yayan and Abdul Razak, Dzuljastri (2026) Sacred trust and sustainable future: embedding tawhidic epistemology values in waqf enterprises. Issues and Perspectives in Business and Social Sciences, 6 (2). pp. 222-243. E-ISSN 2785-9266
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Abstract
This study investigates the sustainability of waqf-based enterprises through the lens of tawhidic epistemology, positioning waqf not merely as a philanthropic mechanism but also as a divinely inspired economic model grounded in ubudiyyah (servitude to Allah), adl (justice), and intergenerational equity. The primary objective is to identify the underlying drivers that enable waqf enterprises to sustain their operations while fulfilling their Shari’ah-compliant fiduciary and social mission. Adopting a qualitative methodology, this research draws on in-depth semi-structured interviews with 15 waqf managers from various Malaysian states, selected for their leadership roles in managing active waqf entities across diverse institutional settings. Thematic analysis revealed five interdependent sustainability drivers: (1) value-based leadership rooted in taqwa (Godconsciousness), (2) collaborative governance that balances Shari’ah and operational needs, (3) stakeholder trust and engagement, (4) adaptive innovation responsive to contemporary challenges, and (5) mission-centricity anchored in amanah (ethical stewardship). These findings contribute to both theoretical and practical discourse by proposing a spiritually anchored sustainability model for waqf enterprises.
| Item Type: | Article (Journal) |
|---|---|
| Additional Information: | 3328/127403 |
| Uncontrolled Keywords: | Waqf, Tawhidic, Sustainability, Epistemology, Shariah compliance governance |
| Subjects: | BPH Islamic Economics > BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5387 Business ethics |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences > Department of Business Administration International Institute for Halal Research and Training (INHART) Kulliyyah of Economics and Management Sciences |
| Depositing User: | Dr Suhaimi Mhd Sarif |
| Date Deposited: | 19 Feb 2026 12:56 |
| Last Modified: | 19 Feb 2026 14:08 |
| Queue Number: | 2026-02-Q2121 |
| URI: | http://irep.iium.edu.my/id/eprint/127403 |
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