Saifuddin, Farhah and Kayadibi, Saim and Polat, Refik and Fidan, Yahya and Kayadibi, Omer
(2014)
The role of cash waqf in property alleviation: case of Malaysia.
In: Kuala Lumpur International Business, Economics and Law Conference, Vol. 3, 31 May - 3 June 2014, Hotel Putra, Kuala Lumpur.
Abstract
Poverty alleviation has always been one of the biggest challenges faced by the Malaysian
government. Since the establishment of the New Economic Policy in the 1970s, the battle faced by
the Malaysian government against poverty continues up till today. Although the current
government policies used for eradicating poverty have lead to favourable results, the government,
private sector and NGOs are always in the lookout for other new strategies that could be used as
one of the tools to alleviate poverty. The emergence of cash waqf in Malaysia, gives a different
light to the formulation of strategies that can be used in improving the quality of lives of the ones
burdened by poverty.
The rapid development of cash waqf in Malaysia has reached great lengths in these recent
years. The increasing awareness among the general public is one of the contributing factors to this
phenomenon. The religious state department and waqf centers in Malaysia are also active in
developing more contemporary waqf instruments that are beneficial to the general public. This increases the prospects of cash waqf to play a more prominent role in poverty alleviating
initiatives in Malaysia.
In the light if this issue, the objective of this paper is to look into the potential of integrating
cash waqf with the poverty alleviation initiatives in Malaysia. Besides that, this paper also
attempts to analyze other forms of cash waqf utilization, beyond religious purposes.
Keywords: Poverty alleviation, cash waqf, Malaysia, tools, strategies
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