Publication:
Evolution of waqf practices: sky is the limit for innovations
Abstract
Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).
Keywords
Waqf practices , Fintech , Blockchain
Citation
A. Mohsin, M. I. (2019). Evolution of waqf practices: sky is the limit for innovations. IF Hub, 2 (June 2019), pp. 1-7.
Publisher
INCEIF
DOI
Files
evolution_of_waqf_practices_magda.pdf
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