Browsing by Topic Islamic wealth management

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Showing results 74 to 83 of 88
  • waqf_islamic_banking_finance_missing_link_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Islam strongly endorses socio-economic and welfare-friendly practices, supporting and promoting philanthropic and charitable deeds. The concept of waqf in Shari'a is regarded as an empirical embodiment of this very preposition. Waqf derives its origin from approximately fourteen centuries back, and is known to have been first practised by the Prophet himself for public utility or social causes.

  • waqf and its role in the islamic economic system_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2009)

  • Philanthropic foundations are known in the Islamic world as waqf or habs. Whereas the latter term is used in North Africa and has also entered into the French language, the former is known, with slight variations, in the rest of the Islamic world and has entered into English. The word waqf (pl. awqaf) is derived from the Arabic root verb waqafa, which means to cause a thing to stop and stand still.

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Shukri, Nur Diyanah Syakirah; Ahmad Zamri, Siti Nuralina; Muneeza, Aishath; Ghulam, Hanif (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • Waqf_shares_a_fundraising_scheme_for_community_development_projects_and_humanitarian_magda.PDF.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf-share scheme is a 21st century Islamic social finance tool that has been used successfully in Muslim and Muslim-minority countries (Cizakca, 2000). It is a fundraising scheme organized by a charitable institution that issues "waqf-shares" for sale to different contributors for various projects. Since a waqf-share is a movable waqf, it has to follow the strict conditions of waqf in terms of its irrevocability, its inalienability, and its perpetuity. This means that contributors cannot sell or transfer their waqf shares; they can only receive and hold a waqf-share certificate as evidence of theircontributions to the project if the created waqf is public waqf.

  • waqf_shares_new_product_magda.pdf.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • This paper highlights the practice of waqf-shares in five Muslim and Muslim minority countries for the last two decades. With the urge needs for capital to re-develop the old waqf properties in the different countries it is much recommended to introduce the concept of waqf-share as fund raising to improve and to upgrade the current situation of these properties so that they can deliver the suspected services needed in the different societies. Besides, proposing this type of waqf-share will motivate founders from all categories of people to contribute directly in re-developing the old waqf properties with the least amount of money they can afford to give and seeking the compound rew...

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • waqfintech_sustainable_socio-economic_development_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial...

  • Wealth_as_understood_in_economics_and_finance_ariff_shamsher.jpg.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2017)

  • Contemporary economic thoughts equate capital, as mentioned in the above quote, to be wealth, which, as stated in the quote, is the accumulation of things of value from the continuous efforts of humans. Wealth is owned in different proportions by individuals, entities and the state. Wealth can be defined broadly as an item that has some economic substance, a value such that the wealth can be used for several intended purposes, in modern economics, for consumption as theoretically glorified by the Utility Maximization Theorem (Arrow-Debreu). As the great philosopher - economist Adam Smith said, wealth is from the efforts of humans to better the human condition, which then eventually le...

  • Wealth_purification_ahcene.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Lahsasna, Ahcene (2016)

  • Financial planners are usually well familiar with terms like wealth creation, wealth accumulation, wealth protection and wealth distribution. However, the term wealth purification is something unique to Islamic wealth management and planning and it may look strange to those not familiar with this concept. According to Islamic injunctions, everything that human beings are bestowed with is a gift from Almighty God. Wealth is one such precious gift that can be used for material success in this world as well as eternal salvation in the afterworld. For this purpose, certain obligations are imposed upon the wealth that is accumulated by a person in legal way.

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 74 to 83 of 88
  • waqf_islamic_banking_finance_missing_link_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Islam strongly endorses socio-economic and welfare-friendly practices, supporting and promoting philanthropic and charitable deeds. The concept of waqf in Shari'a is regarded as an empirical embodiment of this very preposition. Waqf derives its origin from approximately fourteen centuries back, and is known to have been first practised by the Prophet himself for public utility or social causes.

  • waqf and its role in the islamic economic system_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2009)

  • Philanthropic foundations are known in the Islamic world as waqf or habs. Whereas the latter term is used in North Africa and has also entered into the French language, the former is known, with slight variations, in the rest of the Islamic world and has entered into English. The word waqf (pl. awqaf) is derived from the Arabic root verb waqafa, which means to cause a thing to stop and stand still.

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Shukri, Nur Diyanah Syakirah; Ahmad Zamri, Siti Nuralina; Muneeza, Aishath; Ghulam, Hanif (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • Waqf_shares_a_fundraising_scheme_for_community_development_projects_and_humanitarian_magda.PDF.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf-share scheme is a 21st century Islamic social finance tool that has been used successfully in Muslim and Muslim-minority countries (Cizakca, 2000). It is a fundraising scheme organized by a charitable institution that issues "waqf-shares" for sale to different contributors for various projects. Since a waqf-share is a movable waqf, it has to follow the strict conditions of waqf in terms of its irrevocability, its inalienability, and its perpetuity. This means that contributors cannot sell or transfer their waqf shares; they can only receive and hold a waqf-share certificate as evidence of theircontributions to the project if the created waqf is public waqf.

  • waqf_shares_new_product_magda.pdf.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • This paper highlights the practice of waqf-shares in five Muslim and Muslim minority countries for the last two decades. With the urge needs for capital to re-develop the old waqf properties in the different countries it is much recommended to introduce the concept of waqf-share as fund raising to improve and to upgrade the current situation of these properties so that they can deliver the suspected services needed in the different societies. Besides, proposing this type of waqf-share will motivate founders from all categories of people to contribute directly in re-developing the old waqf properties with the least amount of money they can afford to give and seeking the compound rew...

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • waqfintech_sustainable_socio-economic_development_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial...

  • Wealth_as_understood_in_economics_and_finance_ariff_shamsher.jpg.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2017)

  • Contemporary economic thoughts equate capital, as mentioned in the above quote, to be wealth, which, as stated in the quote, is the accumulation of things of value from the continuous efforts of humans. Wealth is owned in different proportions by individuals, entities and the state. Wealth can be defined broadly as an item that has some economic substance, a value such that the wealth can be used for several intended purposes, in modern economics, for consumption as theoretically glorified by the Utility Maximization Theorem (Arrow-Debreu). As the great philosopher - economist Adam Smith said, wealth is from the efforts of humans to better the human condition, which then eventually le...

  • Wealth_purification_ahcene.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Lahsasna, Ahcene (2016)

  • Financial planners are usually well familiar with terms like wealth creation, wealth accumulation, wealth protection and wealth distribution. However, the term wealth purification is something unique to Islamic wealth management and planning and it may look strange to those not familiar with this concept. According to Islamic injunctions, everything that human beings are bestowed with is a gift from Almighty God. Wealth is one such precious gift that can be used for material success in this world as well as eternal salvation in the afterworld. For this purpose, certain obligations are imposed upon the wealth that is accumulated by a person in legal way.