Browsing by Topic Islamic wealth management

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  • critical_assessment_of_the_waqf_law_murat.pdf.jpg
  • Chapter in Book

  • A critical assessment of the waqf law being prepared by IDB/IRTI and Quwait Foundation

    • Authors: Cizakca, Murat (2014)

  • There is a huge need in the Islamic world to revitalize the waqf system. The currently dilapidated state of waqfs in most countries should actually be considered as an opportunity to design a thorough reform taking into consideration not only the classical Islamic waqf law but also the latest practices and norms in the west. It is to be hoped that such a synthesis of the classical Islamic and modern western practices and norms in conformity with the Shariah will lead to an ideal waqf law that can be of vital importance for the restoration of this institution
  • critical_assessment_of_the_waqf_law_being_prepared_by_IDB_IRTI_and_Quwait_foundation_murat.pdf.jpg
  • Academic Proceeding

  • A critical assessment of the waqf law being prepared by IDB/IRTI and Quwait Foundation

    • Authors: Cizakca, Murat (2013)

  • There is a huge need in the Islamic world to revitalize the waqf system. The currently dilapidated state of waqfs in most countries should actually be considered as an opportunity to design a thorough reform taking into consideration not only the classical Islamic waqf law but also the latest practices and norms in the west. It is to be hoped that such a synthesis of the classical Islamic and modern western practices and norms in conformity with the Shariah will lead to an ideal waqf law that can be of vital importance for the restoration of this institution.
  • item.jpg
  • Industry Article

  • A unique waqf development model

    • Authors: Aishath Muneeza (2017)

  • Ever heard of an occasion where property has been used to generate revenue to a waqf fund? Well, here's one. It's called the Dharul Eeman project and is being tried and tested in the Maldives. We hope that its success story will be an inspiration to other countries who wish to adopt a similar approach to enrich their cash waqf funds. This project is proof that innovation is the key to developing an Islamic economy. This model is unique as the general norm is to develop properties to generate income from waqf lands; but in this case the Ministry of Islamic Affairs is intending to develop a land in order to generate income for a cash waqf fund which will be used to build, repair and mai...
  • item.jpg
  • Master

  • Administration of Labuan International Waqf Foundation (LIWF) in the Labuan IBFC: legal issues & challenges with reference to assets managed in Malaysia

    • Authors: Mohamad Salmi, Muhammad Aiman (2017)

  • Since the introduction of LIWF by the LFSA in 2015, it has garnered tremendous interest from various interest from various parties for its flexibility, sustainability, and governance features. Relevant guide allows Malaysian founder or assets situated in Malaysia to be endowed into the LIWF, subject to obtaining necessary approval from the SIRC. Though the governing charter for such establishment is the Waqfiyyah itself, it has to take into consideration various ongoing issues and discussion on the forum of convenience to hear, try, and decide on dispute related to the Waqf, special position of the SIRC as the sole Mutawalli in the states in Malaysia ...
  • administration_zakat_wealth_Maldives_muneeza.pdf.jpg
  • Journal Article

  • Administration of zakat on wealth in Maldives

    • Authors: Muneeza, Aishath (2017)

  • For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further rese...
  • Administration_of_zakat_on_wealth_in_Maldives_Aishath_Muneeza.pdf.jpg
  • Academic Proceeding

  • Administration of zakat on wealth in Maldives

    • Authors: Muneeza, Aishath (2017)

  • For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further res...
  • Application_of_conventional_benchmark_in_Islamic_wealth_management_shamsher.jpg.jpg
  • Chapter in Book

  • Application of conventional benchmark in Islamic wealth management

    • Authors: Mohamed Anouar Gadhoum; Shamsher Mohamad Ramadili Mohd (2017)

  • LIBOR (London Interbank Overnight Rate) is a rather recent concept, even if English banks had been in banking business for many decades before the invention of LIBOR as the world's favorite benchmark for cost of money. LIBOR emerged in the 1980s to serve as a benchmark to account for interest rate risk when a surge in the use of futures contracts began to trouble lending decisions. Futures have been offered since 1972, and by the 1980s had become a major risk-hedging instrument in the developed countries. Due to the absence of a reliable benchmark back then, a solution was sought from the Bank of England. The banking industry trade group, the British Bankers' Association, launched LIB...
  • awqaf_in_history_and_its_implications.pdf.jpg
  • Chapter in Book

  • Awqaf in history and its implications for modern Islam economies

    • Authors: Cizakca, Murat (2014)

  • This paper aims at analysing the relevance of the historical awqaf system for modern Islamic economies. The main argument focuses on the fact that the awqaf system has provided throughout Islamic history all the essential services at no cost to the state. Thus, a successful modernisation of the system implies a significant cut in government expenditure and all the associated benefits; including downsizing the state sector and a reduction and even an eventual elimination of riba. As far as the modernisation of the system is concerned, historical evidence indicates that the real exiting potential lies in the cash awqaf. It is envisaged here that two powerful Islamic financial institutio...
  • brief_history_waqf_Islamic_socio-financial_insttuton_philanthropic_endowment_magda.pdf.jpg
  • Journal Article

  • A brief history of waqf: an Islamic socio-financial institution of philanthropic endowment

    • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Abu Hurairah (May Allah be pleased with him) reported Allah's Messenger (PBUH) as saying: When a man dies his acts come to an end, except three things, recurring charity, or knowledge (by which people benefit), or pious offspring, who pray for him. (Sahih Muslim). Looking at the economic situation of Muslim countries today in terms of their high unemployment rate, high illiteracy rate, lack of healthcare, inadequate transport facilities, the spread of poverty and the low level of food production encourages the author to look at the institution of waqf more profound as an authentic socio-financial tool to help minimize such problems. This raises the following questions; what role did t...

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Browsing by Topic Islamic wealth management

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 10 of 120
  • critical_assessment_of_the_waqf_law_murat.pdf.jpg
  • Chapter in Book

  • A critical assessment of the waqf law being prepared by IDB/IRTI and Quwait Foundation

    • Authors: Cizakca, Murat (2014)

  • There is a huge need in the Islamic world to revitalize the waqf system. The currently dilapidated state of waqfs in most countries should actually be considered as an opportunity to design a thorough reform taking into consideration not only the classical Islamic waqf law but also the latest practices and norms in the west. It is to be hoped that such a synthesis of the classical Islamic and modern western practices and norms in conformity with the Shariah will lead to an ideal waqf law that can be of vital importance for the restoration of this institution
  • critical_assessment_of_the_waqf_law_being_prepared_by_IDB_IRTI_and_Quwait_foundation_murat.pdf.jpg
  • Academic Proceeding

  • A critical assessment of the waqf law being prepared by IDB/IRTI and Quwait Foundation

    • Authors: Cizakca, Murat (2013)

  • There is a huge need in the Islamic world to revitalize the waqf system. The currently dilapidated state of waqfs in most countries should actually be considered as an opportunity to design a thorough reform taking into consideration not only the classical Islamic waqf law but also the latest practices and norms in the west. It is to be hoped that such a synthesis of the classical Islamic and modern western practices and norms in conformity with the Shariah will lead to an ideal waqf law that can be of vital importance for the restoration of this institution.
  • item.jpg
  • Industry Article

  • A unique waqf development model

    • Authors: Aishath Muneeza (2017)

  • Ever heard of an occasion where property has been used to generate revenue to a waqf fund? Well, here's one. It's called the Dharul Eeman project and is being tried and tested in the Maldives. We hope that its success story will be an inspiration to other countries who wish to adopt a similar approach to enrich their cash waqf funds. This project is proof that innovation is the key to developing an Islamic economy. This model is unique as the general norm is to develop properties to generate income from waqf lands; but in this case the Ministry of Islamic Affairs is intending to develop a land in order to generate income for a cash waqf fund which will be used to build, repair and mai...
  • item.jpg
  • Master

  • Administration of Labuan International Waqf Foundation (LIWF) in the Labuan IBFC: legal issues & challenges with reference to assets managed in Malaysia

    • Authors: Mohamad Salmi, Muhammad Aiman (2017)

  • Since the introduction of LIWF by the LFSA in 2015, it has garnered tremendous interest from various interest from various parties for its flexibility, sustainability, and governance features. Relevant guide allows Malaysian founder or assets situated in Malaysia to be endowed into the LIWF, subject to obtaining necessary approval from the SIRC. Though the governing charter for such establishment is the Waqfiyyah itself, it has to take into consideration various ongoing issues and discussion on the forum of convenience to hear, try, and decide on dispute related to the Waqf, special position of the SIRC as the sole Mutawalli in the states in Malaysia ...
  • administration_zakat_wealth_Maldives_muneeza.pdf.jpg
  • Journal Article

  • Administration of zakat on wealth in Maldives

    • Authors: Muneeza, Aishath (2017)

  • For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further rese...
  • Administration_of_zakat_on_wealth_in_Maldives_Aishath_Muneeza.pdf.jpg
  • Academic Proceeding

  • Administration of zakat on wealth in Maldives

    • Authors: Muneeza, Aishath (2017)

  • For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further res...
  • Application_of_conventional_benchmark_in_Islamic_wealth_management_shamsher.jpg.jpg
  • Chapter in Book

  • Application of conventional benchmark in Islamic wealth management

    • Authors: Mohamed Anouar Gadhoum; Shamsher Mohamad Ramadili Mohd (2017)

  • LIBOR (London Interbank Overnight Rate) is a rather recent concept, even if English banks had been in banking business for many decades before the invention of LIBOR as the world's favorite benchmark for cost of money. LIBOR emerged in the 1980s to serve as a benchmark to account for interest rate risk when a surge in the use of futures contracts began to trouble lending decisions. Futures have been offered since 1972, and by the 1980s had become a major risk-hedging instrument in the developed countries. Due to the absence of a reliable benchmark back then, a solution was sought from the Bank of England. The banking industry trade group, the British Bankers' Association, launched LIB...
  • awqaf_in_history_and_its_implications.pdf.jpg
  • Chapter in Book

  • Awqaf in history and its implications for modern Islam economies

    • Authors: Cizakca, Murat (2014)

  • This paper aims at analysing the relevance of the historical awqaf system for modern Islamic economies. The main argument focuses on the fact that the awqaf system has provided throughout Islamic history all the essential services at no cost to the state. Thus, a successful modernisation of the system implies a significant cut in government expenditure and all the associated benefits; including downsizing the state sector and a reduction and even an eventual elimination of riba. As far as the modernisation of the system is concerned, historical evidence indicates that the real exiting potential lies in the cash awqaf. It is envisaged here that two powerful Islamic financial institutio...
  • brief_history_waqf_Islamic_socio-financial_insttuton_philanthropic_endowment_magda.pdf.jpg
  • Journal Article

  • A brief history of waqf: an Islamic socio-financial institution of philanthropic endowment

    • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Abu Hurairah (May Allah be pleased with him) reported Allah's Messenger (PBUH) as saying: When a man dies his acts come to an end, except three things, recurring charity, or knowledge (by which people benefit), or pious offspring, who pray for him. (Sahih Muslim). Looking at the economic situation of Muslim countries today in terms of their high unemployment rate, high illiteracy rate, lack of healthcare, inadequate transport facilities, the spread of poverty and the low level of food production encourages the author to look at the institution of waqf more profound as an authentic socio-financial tool to help minimize such problems. This raises the following questions; what role did t...