Browsing by Topic Islamic wealth management

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Showing results 11 to 20 of 88
  • cash_waqf_new_financial_product_cover.jpg.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • This book will be a valuable addition to the growing literature on this finance subject. In the book, an attempt is made to explain the concept of cash-waqf, its mechanism, operations and management in the light of Shariah. As the book deals with both theory and application of the cash-waqf concept in Muslim countries as well as in non-Muslim countries, it will serve as a basis for further research work.

  • charity and finance in the world of islam.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2010)

  • Muslims, for centuries, have fulfilled their social responsibilities and served their societies with an institution called waqf. Thus, waqfs have constituted the most important NGOs and civil society institutions in the Islamic world. Wealthy Muslims establish waqfs based upon a statement of Prophet Muhammad known as "sawab ba'd al wafat". The Prophet is reported to have said tge following: "When a person dies all his deeds come to an end and his account book, daftar al amal, is closed, except for three: Knowledge, from which people can benefit, ongoing charity, a pious offspring". Waqf is the institution which allows Muslims to fulfil all these three tasks, often simultaneously, and...

  • collusion_islamic_law_inheritance_conventional_distribution_law_shaikhhamzah_2015.pdf.jpg
  • Industry Article


  • Authors: Shaikh Abdul Razak, Shaikh Hamzah (2015-06-26)

  • Islam acknowledges the right of individuals to own wealth and rights of community members and family to get a portion of the wealth. The distribution of wealth is through the system of Charity, Zakat, Hibah and Inheritance (Fara’id/ Mirath). As large numbers of Muslims reside in non-Muslim countries, they have to accept the Civil Law as the paramount law of the country. As such, the distribution of inheritance has caused controversies and fervent debates over the years when the Civil Law takes precedence over Shariah law. Consequently, the problem statement of this paper is to identify the different issues and restrictions in wealth distribution faced by Muslims and reverts living in ...

  • Comparative_study_of_ hajj_fund_management_institution_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aisha; Tamby Sudeen, Amira Shuhada; Nasution, Atiqoh; Nurmalasari, Ratih (2018)

  • Performing hajj is one of the five pillars of Islam which may become compulsory for a Muslim who has financial ability to perform this ibadah at least once in his lifetime. To facilitate Muslims to fulfil this religious obligation, countries which have majority Muslim population like Malaysia, Indonesia and Maldives have established legal entities/institutions to manage hajj funds from hajj depositors (aspirant pilgrims) and provide services related to hajj. Although these institutions share the same objective in terms of helping Muslims to perform hajj, their operational activities are largely different. This paper aims to contribute to the understanding of hajj fund management insti...

  • corporate waqf from principle to practice_magda.pdf.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • The institution of waqf is a historical institution adopted and developed by Muslims to get closer to Allah (s.w.t.) by providing different services to their societies and communities. This institution provides many goods and services such as education, healthcare, national security, different kinds of agricultural and industrial products, transportation facilities and basic infrastructure without any cost to the government. However, the last century, namely at the end of the Ottoman Empire, witnessed the destruction of this institution and its role was replaced and carried out by the governments in the Muslim countries, a move that exhausted the government's budget. Available in p...

  • developing_sustainable_social_benefit_scheme_hard_core_poor_using_IF.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2016)

  • The slides highlight: 1) the objective of the paper - to draw the attention to the four remarkable financial institutions which are meant to eradicate poverty, reduces inequalities and narrowing down the gap between the rich and the poor in an ethical and a just way; 2) current scenario/global poverty; 3) zakah financial institutions and products; 4) sadaqah financial institutions; 5) financial products under waqf.

  • 2013_jan_16_contemporary_role_of_waqf_in_higher_education_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2013-01-16)

  • Islam has encouraged the early Muslims to spend out of whatever they have for charity. When the verse 92 of Surah Ali Imran was revealed, there was not a single Muslim who did not part with whatever they have so as to belong to the category of "birr" or good. The fact that all wealth belongs to Allah means that whatever we give away in His cause is nothing compared to what He has given us. The most important implication is that waqf allows accumulation of capital infinitely as long as more and more capital are being made waqf.

  • item.jpg
  • Master


  • Authors: Abdul Rahman, Salman (2017)

  • Cash waqf plays an important role if channelled to address economic challenges upon specific segment in the society for their sustainable economic empowerment prepare them upon economic challenges ahead. Through the application of cash waqf, we are able to promote the benefits of Islamic waqf to the society. In this paper, we analyse economic challenges among youth in a developing economic environment in the case of Malaysia. We also try to investigate the practicality of cash waqf utilization as major solutions to the problems. Based on qualitative approach covering library and online academic study, we try to analyse how Islamic cash waqf development can empower the youth ...

  • enhancing_zakat_framework_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2018)

  • Maldives is a one hundred percent Muslim nation where the zakat administrative function is entrusted to a government ministry, the Ministry of Islamic Affairs (MIA), which manages zakat al maal and zakat al-fitr. Since June 1, 2016, MIA has delegated the task of collecting zakat to the Maldives Inland Revenue Authority (MIRA). Maldives presently has no law dealing with zakat, so the Islamic Training and Research Institute (IRTI) has proposed a set of zakat laws that could be adopted by the country. The objective of this qualitative research is to discuss the zakat framework proposed by IRTI. There is limited literature available on the zakat framework in Maldives, so it is anticipated...

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 11 to 20 of 88
  • cash_waqf_new_financial_product_cover.jpg.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • This book will be a valuable addition to the growing literature on this finance subject. In the book, an attempt is made to explain the concept of cash-waqf, its mechanism, operations and management in the light of Shariah. As the book deals with both theory and application of the cash-waqf concept in Muslim countries as well as in non-Muslim countries, it will serve as a basis for further research work.

  • charity and finance in the world of islam.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2010)

  • Muslims, for centuries, have fulfilled their social responsibilities and served their societies with an institution called waqf. Thus, waqfs have constituted the most important NGOs and civil society institutions in the Islamic world. Wealthy Muslims establish waqfs based upon a statement of Prophet Muhammad known as "sawab ba'd al wafat". The Prophet is reported to have said tge following: "When a person dies all his deeds come to an end and his account book, daftar al amal, is closed, except for three: Knowledge, from which people can benefit, ongoing charity, a pious offspring". Waqf is the institution which allows Muslims to fulfil all these three tasks, often simultaneously, and...

  • collusion_islamic_law_inheritance_conventional_distribution_law_shaikhhamzah_2015.pdf.jpg
  • Industry Article


  • Authors: Shaikh Abdul Razak, Shaikh Hamzah (2015-06-26)

  • Islam acknowledges the right of individuals to own wealth and rights of community members and family to get a portion of the wealth. The distribution of wealth is through the system of Charity, Zakat, Hibah and Inheritance (Fara’id/ Mirath). As large numbers of Muslims reside in non-Muslim countries, they have to accept the Civil Law as the paramount law of the country. As such, the distribution of inheritance has caused controversies and fervent debates over the years when the Civil Law takes precedence over Shariah law. Consequently, the problem statement of this paper is to identify the different issues and restrictions in wealth distribution faced by Muslims and reverts living in ...

  • Comparative_study_of_ hajj_fund_management_institution_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aisha; Tamby Sudeen, Amira Shuhada; Nasution, Atiqoh; Nurmalasari, Ratih (2018)

  • Performing hajj is one of the five pillars of Islam which may become compulsory for a Muslim who has financial ability to perform this ibadah at least once in his lifetime. To facilitate Muslims to fulfil this religious obligation, countries which have majority Muslim population like Malaysia, Indonesia and Maldives have established legal entities/institutions to manage hajj funds from hajj depositors (aspirant pilgrims) and provide services related to hajj. Although these institutions share the same objective in terms of helping Muslims to perform hajj, their operational activities are largely different. This paper aims to contribute to the understanding of hajj fund management insti...

  • corporate waqf from principle to practice_magda.pdf.jpg
  • Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • The institution of waqf is a historical institution adopted and developed by Muslims to get closer to Allah (s.w.t.) by providing different services to their societies and communities. This institution provides many goods and services such as education, healthcare, national security, different kinds of agricultural and industrial products, transportation facilities and basic infrastructure without any cost to the government. However, the last century, namely at the end of the Ottoman Empire, witnessed the destruction of this institution and its role was replaced and carried out by the governments in the Muslim countries, a move that exhausted the government's budget. Available in p...

  • developing_sustainable_social_benefit_scheme_hard_core_poor_using_IF.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2016)

  • The slides highlight: 1) the objective of the paper - to draw the attention to the four remarkable financial institutions which are meant to eradicate poverty, reduces inequalities and narrowing down the gap between the rich and the poor in an ethical and a just way; 2) current scenario/global poverty; 3) zakah financial institutions and products; 4) sadaqah financial institutions; 5) financial products under waqf.

  • 2013_jan_16_contemporary_role_of_waqf_in_higher_education_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2013-01-16)

  • Islam has encouraged the early Muslims to spend out of whatever they have for charity. When the verse 92 of Surah Ali Imran was revealed, there was not a single Muslim who did not part with whatever they have so as to belong to the category of "birr" or good. The fact that all wealth belongs to Allah means that whatever we give away in His cause is nothing compared to what He has given us. The most important implication is that waqf allows accumulation of capital infinitely as long as more and more capital are being made waqf.

  • item.jpg
  • Master


  • Authors: Abdul Rahman, Salman (2017)

  • Cash waqf plays an important role if channelled to address economic challenges upon specific segment in the society for their sustainable economic empowerment prepare them upon economic challenges ahead. Through the application of cash waqf, we are able to promote the benefits of Islamic waqf to the society. In this paper, we analyse economic challenges among youth in a developing economic environment in the case of Malaysia. We also try to investigate the practicality of cash waqf utilization as major solutions to the problems. Based on qualitative approach covering library and online academic study, we try to analyse how Islamic cash waqf development can empower the youth ...

  • enhancing_zakat_framework_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2018)

  • Maldives is a one hundred percent Muslim nation where the zakat administrative function is entrusted to a government ministry, the Ministry of Islamic Affairs (MIA), which manages zakat al maal and zakat al-fitr. Since June 1, 2016, MIA has delegated the task of collecting zakat to the Maldives Inland Revenue Authority (MIRA). Maldives presently has no law dealing with zakat, so the Islamic Training and Research Institute (IRTI) has proposed a set of zakat laws that could be adopted by the country. The objective of this qualitative research is to discuss the zakat framework proposed by IRTI. There is limited literature available on the zakat framework in Maldives, so it is anticipated...