Browsing by Topic Islamic wealth management

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Showing results 11 to 20 of 105
  • case_study_waqf_shares_financing_through_movable_waqf_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2011)

  • Historically speaking the institution of waqf, which is a non-governmental organization (NGOs), has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the beginning of the 19th century. Although this institution existed before the coming of Islam, yet, Islam was the first religion to develop its legal framework and regulate it. Thus, it became one of the devices created by Muslims to fulfill many services that are financed by the state or the government today, such as education, healthcare, national security, transportation facilities, basic infrastructure, food, shelter, and jobs for many. It acted like a network, penetrating many service sec...

  • 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...

  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • 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 ...

  • combining_concept_waqf_Islamic_tourism_create_sustainable_fund_alleviate_poverty_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • The term universality has many meanings. The Webster Dictionary defines the term as: "of or pertaining to the universe; extending to, including, or affecting, the whole number, quantity, or space; unlimited; general; all-reaching; all-pervading; as, universal ruin; universal good; universal benevolence or benefice." For the purpose of this article, the meaning of universal would be restricted to 'unlimited', 'general', 'all-reaching', and 'all pervading only. The objective of this new concept proposed is to ensure that the universality aspect of Islamic finance is reflected in one concept using different mechanisms used in it. The government of the Maldives, via the Maldives Center fo...

  • Comparative_study_of_ hajj_fund_management_institution_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; 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...

  • item.jpg
  • Chapter in Book


  • Authors: Mustapha, Zakariya; Muneeza, Aishath (2020)

  • As a charitable institution, waqf is envisaged as an inherent segment of the Islamic financial services industry with potential to develop into a market for Islamic social finance. While the industry records growth and development with huge profits in its banking, takaful and capital market segments, it has been observed that pursuit of profits has overshadowed social and financial equity goals and thus disproportionately promoted in Islamic finance. Yet, waqf, with over trillion dollars' worth assets to its credit to advance these goals, is neglected and the assets left undeveloped and idle due to governance issues. Thus, eligible beneficiaries of those assets in several Muslim natio...

  • 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.

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 105
  • case_study_waqf_shares_financing_through_movable_waqf_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2011)

  • Historically speaking the institution of waqf, which is a non-governmental organization (NGOs), has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the beginning of the 19th century. Although this institution existed before the coming of Islam, yet, Islam was the first religion to develop its legal framework and regulate it. Thus, it became one of the devices created by Muslims to fulfill many services that are financed by the state or the government today, such as education, healthcare, national security, transportation facilities, basic infrastructure, food, shelter, and jobs for many. It acted like a network, penetrating many service sec...

  • 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...

  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • 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 ...

  • combining_concept_waqf_Islamic_tourism_create_sustainable_fund_alleviate_poverty_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • The term universality has many meanings. The Webster Dictionary defines the term as: "of or pertaining to the universe; extending to, including, or affecting, the whole number, quantity, or space; unlimited; general; all-reaching; all-pervading; as, universal ruin; universal good; universal benevolence or benefice." For the purpose of this article, the meaning of universal would be restricted to 'unlimited', 'general', 'all-reaching', and 'all pervading only. The objective of this new concept proposed is to ensure that the universality aspect of Islamic finance is reflected in one concept using different mechanisms used in it. The government of the Maldives, via the Maldives Center fo...

  • Comparative_study_of_ hajj_fund_management_institution_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; 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...

  • item.jpg
  • Chapter in Book


  • Authors: Mustapha, Zakariya; Muneeza, Aishath (2020)

  • As a charitable institution, waqf is envisaged as an inherent segment of the Islamic financial services industry with potential to develop into a market for Islamic social finance. While the industry records growth and development with huge profits in its banking, takaful and capital market segments, it has been observed that pursuit of profits has overshadowed social and financial equity goals and thus disproportionately promoted in Islamic finance. Yet, waqf, with over trillion dollars' worth assets to its credit to advance these goals, is neglected and the assets left undeveloped and idle due to governance issues. Thus, eligible beneficiaries of those assets in several Muslim natio...

  • 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.