Modernising Waqf through progressive management practices and innovative financing mechanisms: the case of Malaysia

Yussof, Sheila Ainon (2013) Modernising Waqf through progressive management practices and innovative financing mechanisms: the case of Malaysia. In: The Islamic Waqf and the Charitable Trust: A Comparative Perspective, International Workshop, 28th-29th Sept. 2013, Istanbul, Turkey. (Unpublished)

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Abstract

In the last few decades, there have been global concerns on the underutilisation and underdevelopment of Waqf assets, poor governance and weak registry of Waqf lands and a host of other problems which are inhibiting the modernising of Waqf. Conferences have been organised to highlight the weaknesses of the Waqf system in various jurisdictions worldwide, and the pressing need for a reform of their models where they do not comply with Islamic objectives and international standards on good governance. Although various measures have been adopted by governments and private companies to accelerate Waqf developments in their country, it has yet to attain a level of sophistication in relation to accounting, auditing and best management practices, good governance, expertise and accountability of the trustees and managers of Waqf. The traditional Waqf system is currently being revitalized by innovative Waqf instruments and institutions, and confronted by new ways of overcoming old issues, where it can be transformed and depended on by contemporary societies as a more effective tool to economically empower the Muslim ummah and society in general.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	7294/48977
Uncontrolled Keywords:	waqf, Malaysia
Subjects:	K Law > KBP Islamic Law K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr. Sheila Ainon Yussof
Date Deposited:	04 May 2016 10:27
Last Modified:	04 May 2016 10:27
URI:	http://irep.iium.edu.my/id/eprint/48977

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