Potential for wealth creation from waqf assets
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Charitable bequest as an endowment (waqf) is one of the wealth redistribution measures encouraged in Islam to bridge the gap between the haves and the have-nots. Such investments create flows of income/services of a charitable nature, in most cases, after the death of the endowers. Even though it is voluntary in nature, it is means to provide a continuous service to the needy in society and ensures a just and equitable distribution of wealth, and a means to seek God's blessings here and in the here-after.
Islamic wealth management , Waqf
Ismail Abdel Mohsin, Magda and Shaikh Abdul Razak, Shaikh Hamzah. (2017). Potential for wealth creation from waqf assets. In Mohamed Ariff & Shamsher Mohamad Ramadili Mohd (Eds.), Islamic wealth management: theory and practice (pp. 349-362). Cheltenham, United Kingdom: Edward Elgar Publishing Limited.
Edward Elgar Publishing Limited