A unique waqf development model
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 maintain mosques all over the nation.
Waqf , Islamic wealth management
Muneeza, A. (2017). A unique waqf development model. Wahed Invest, (June 2017). Retrieved from https://journal.wahedinvest.com/a-unique-waqf-development-model/