Waqf and Islamic banking and finance: the missing link
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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.
Islamic finance , Waqf , Socio-economic , Welfare-friendly practices
Ismail Abdel Mohsin, Magda. (2015). Waqf and Islamic banking and finance: the missing link. Global Islamic Finance Report (GIFR) 2015, pp 113-121.
Islamic Bankers Association