Unlocking waqf properties through traditional and new modes of finance
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The institution of waqf played a major role in early Islamic civilization as it involved every aspects of socio-economic life in the Muslim world for 1300 years. Nonetheless, the last century witnessed its destruction where its role becomes idle, undeveloped and unproductive in almost all Muslim countries, yet its recent revival shows optimism in the approach in galvanizing its socio-economic role. Through adopting traditional and new financial modes of finance, the old and idle waqf properties have been successfully redeveloped into modern buildings, an innovation which not only multiply the rewards for the founders but it multiplies the number of beneficiaries who benefited from such revival.
Ismail Abdel Mohsin, Magda & Shaikh Abdul Razak, Shaikh Hamzah. (2015, September 28 - October 1). Unlocking waqf properties through traditional and new modes of finance. Paper presented at the International Conference on Waqaf, Trust and Endowment, Moscow, Russia.