Financing the Development of Old Waqf Properties

Classical Principles and Innovative Practices around the World
1. Auflage 2016
ISBN: 978-1-137-58127-3
Verlag: Palgrave Macmillan US

Buch, Englisch, 267 Seiten, Format (B × H): 153 mm x 216 mm, Gewicht: 4854 g

Reihe: Palgrave Studies in Islamic Banking, Finance, and Economics

This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy. Countries under study include Sudan, Turkey, Malaysia, Indonesia, Singapore, New Zealand, Kuwait, Oman, Qatar, and Iran. Additionally, the book examines the International Development Bank's role in financing the development old waqf properties in different countries.

Zielgruppe

Research

Autoren/Hrsg.

Mohsin, Magda Ismail Abdel

Dafterdar, Hisham

Cizakca, Murat

Obaidullah, Mohammed

Alhabshi, Syed Othman

Razak, Shaikh Hamzah Abdul

Sadr, Seyed Kazem

Anwar, Thamina

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Geisteswissenschaften Islam & Islamische Studien Islam: Leben & Praxis
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Inhaltsverzeichnis

1 Legal Framework of the Institution of Waqf.- 2 Development and Administration of the Instition of Waqf, Past and Present.- 3 The Role of Waqf in Modern Economic Development.- 4 Current Development of Waqf Properties in Selected Countries and their Socioeconomic Roles.- 5 Waqf Development: The Islamic Development Bank Experience.- 6 Modus Operendi and the Structures of both Classical and Innovative Modes of Finance.- 7 Conclusion.

Über Autor(innen)

Magda Ismail Abdel Mohsin is Associate Professor of Islamic economics and finance at the International Centre for Education in Islamic Finance (INCEIF), Malaysia. She holds a doctorate in Islamic Civilization/Islamic Economics from the Institute of Islamic Thought and Civilization of the International Islamic University Malaysia.

Co-Researchers:

Hisham Dafterdar, Awaqf New Zealand and Canadian Islamic Trust Foundation;Murat Cizakca, INCEIF, Malaysia / Luxembourg School of Finance, German;Syed Othman Alhabshi, INCEIF, Malaysia;Shaikh Hamzah Abdul Razak, INCEIF, Malaysia;Seyed Kazem Sadr, INCEIF, Malaysia;Thamina Anwar, University of KwaZulu-Natal, South Africa; Mohammed Obaidullah, Islamic Development Bank, Saudi Arabia