Assessment of waqf models for provision of affordable housing in Malaysia: a case study of Majlis Agama Islam Wilayah (MAIWP)

Bello, Hafis and Ayob, Mohd Fairullazi and Ahmad Sarkawi, Azila (2020) Assessment of waqf models for provision of affordable housing in Malaysia: a case study of Majlis Agama Islam Wilayah (MAIWP). Journal of Architecture, Planning and Construction Management, 10 (1). pp. 55-67. E-ISSN 2637 0026

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Abstract

Housing is one of the basic needs of human beings. Despite its importance, housing prices have continued to increase beyond the reach of the masses. Realizing the fact, the government has made different attempts to ensure the provision of affordable and decent housing for the masses through many initiatives such as the enactment of the Perumahan Rakyat 1Malaysia Act 2012 (Act 739); implementation of My First Home Scheme and other and other social schemes, however, there is still a wide gap in the supply and demand for housing. Consequently, this study assessed the different Waqf financing models towards the provision of affordable Waqf housing in the country. Data were gathered from primary and secondary sources. Primary data was gathered through interviews with the Majlis Agama Islam Wilayah Persekutuan (MAIWP), while secondary data was gathered from the review of the literature. The findings indicate that MAIWP adopts the BOT (Built Operate and Transfer) model in its property development programme, and this model could help in the development of Waqf real estate. Despite operating in the most expensive city in the country, MAIWP has thus been able to provide affordable housing for the beneficiaries.

Item Type:	Article (Journal)
Additional Information:	6985/81476
Uncontrolled Keywords:	Housing, Waqf, MAIWP, Affordability
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH741 Waqf H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance. T Technology > TH Building construction > TH3301 Maintenance and repair T Technology > TX Home economics T Technology > TX Home economics > TX955 Building operation and maintenance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Architecture and Environmental Design > Department of Quantity Surveying
Depositing User:	IR. DR. MOHD FAIRULLAZI AYOB
Date Deposited:	29 Jul 2020 11:39
Last Modified:	29 Oct 2023 15:58
URI:	http://irep.iium.edu.my/id/eprint/81476

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