Investigating the Additionality of Islamic Blended Financing for Supporting Awqaf Projects

Abstract

The present study examines the extent to which this type of financing increases the positive impact of developing awqaf projects and how blending the various Islamic commercial contracts (mainly exchange and sharing contracts with contributory contracts) decreases the net financing burden and makes awqaf financing more concessional. The study is based on a qualitative review of two case studies from the Islamic Development Bank’s Awqaf Properties Investment Fund (APIF). This review leads to various policy recommendations that can be adopted by relevant stakeholders to enhance the impact of developing awqaf properties. JEL Classification Numbers: D64 O22