Waqf-shares: new product to finance old waqf properties
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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 rewards in the hereafter. To achieve this, an overview on waqf-share and its current application in five countries are highlighted; the structure of waqf-share and its modus operandi are provided as a guideline for its creation and management, this is followed by the conclusion.
Fund-raising , Waqf-shares , Old waqf properties
Ismail Abdel Mohsin, Magda. (2014). Waqf-shares: new product to finance old waqf properties. In Murat Cizakca (Ed.), Islam and the challenges of Western capitalism (pp. 437-443). Cheltenham, Glasglow: Edward Elgar Publishing Limited.
Edward Elgar Publishing Limited