Waqf As A Long Lasting Charity

Waqf As Long lasting Charity

Created by : Ashanee Mad-Ahim Rulia Akhtar Naz Abdul Kareemarif Arif Rininta Nurrachmi

www.rininta-nurrachmi.blogspot.com

Waqf

Cash Waqf Management in Malaysia

Waqf as Social Enterpreunship in Islam

Waqf accounting & management in Indonesia Waqf Institution

Discussion Flow


Waqf (in Arabic :waqafa)

Strength of Waqf

Weakness of Waqf

Characteristic of Waqf

- Assets can’t be disposed

- Ownership can’t be transferred

- Its benefit for specific purpose

- Voluntary charity

Form of Waqf

- Land Asset

- Cash Waqf

Target Project

-Primary project

- Secondary project


Cash Waqf Management in Malaysia Issue : 1. The selecting improper qualified, knowledgeable and professional managers for managing Waqf system 2. Unqualified Mutawali (Waqf manager). 3. In some cases, the Waqf assets are left idle. 4. Corruption 5. Waqf revenues are insufficient to bear the operational cost in the system.

Solution proposed by the author : Hybrid Cash Waqf Model through Dinamic Cash Waqf Model

Cash Waqf Model

Islamic Bank (supervise &

Monitor Waqf Fund

For Investment

- SME Loan

- Invest in IFI’ securities

- Micro finance

Distribution Profit

- Charity

- Management

- Marketing www.rininta-nurrachmi.blogspot.com

Waqf as social Entrepreneurship

mode in Islam

Significant of development activities for waqf assets in Islamic countries

3 types of waqf in Islam

Religious waqf

Philantropic waqf

Family waqf

Cash Waqf as common practice in many Islamic societies

Redesigning Cash waqf

How cash waqf work in Islamic

Bank


WAQF accounting and management in Indonesian WAQF institutions: The cases of two WAQF foundations. Background The objective of the study The purpose of the research - Investigate 2 waqf institution (ABC&XYZ) The data collecting Profiles of waqf foundation Finding & discussion Recommendation


Reference Chowdury, Md. Shahedur Rahaman. Ghazalil, Mohd Fahmi and Ibrahim, Mohd Faisol. (2011). "Economics of Cash WAQF management in Malaysia: Aproposed Cash WAQF model for practitioners and future researchers". African Journal of Business Management Vol. 5(30), pp. 12155-12163, 30 November, 2011 Cizakca, Murat. (1998). "Awqaf in history and its implications for modern islamic economies"Islamic Economic Studies Vol.6,No.1, November 1998 pp.1-28. Ihsan, Hidayatul and Hj. Mohamed Ibrahim, Shahul Hameed. (2011) "WAQF accounting and management in IndonesianWAQF institutions: The cases of two WAQF foundations", Humanomics.Vol. 27 Iss: 4 pp. 252 - 269 M. Sadeq, AbulHasan (2002)"Waqf, perpetual charity and poverty alleviation". International Journal of Social Economics, Vol. 29 Iss: 1 pp. 135 - 151 Salarzehi, Dr Habibollah. (2010)."Waqf as a Social Entrepreneurship Model in Islam". International Journal of Business and Management Vol. 5, No. 7; July 2010 pp 1-8


Waqf As A Long Lasting Charity

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