Proposed models for unit trust waqf and the parameters for their application

IF 2.8 Q2 BUSINESS, FINANCE

ISRA International Journal of Islamic Finance Pub Date : 2019-06-26 DOI:10.1108/IJIF-02-2018-0019

Syahnaz Sulaiman, Aznan Hasan, A. Noor, Muhd Issyam Ismail, Nazrul Hazizi Noordin

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引用次数: 37

Abstract

Purpose This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation. Design/methodology/approach This paper starts with the conceptual exploration of the literature in the areas of waqf. The sources of the literature cover authentic sources of the Qurʾān and ḥadīth, as well as secondary sources such as books, journal articles and online resources. Findings This paper provides the conceptual framework of five models of unit trust waqf and their investment management parameters. Originality/value The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf. It does so by introducing the conceptual models of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application proposed towards the end of the paper.

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提出了单位信托waqf的模型及其应用参数

目的本文旨在介绍单位信托宗教基金（伊斯兰捐赠基金）作为宗教基金创建的替代资产类别的可行性。设计/方法论/方法本文从宗教基金领域的文献概念探索开始。文献来源包括《古兰经》的真实来源和ḥadīth，以及书籍、期刊文章和在线资源等次要来源。发现本文提供了五种单位信托基金模型的概念框架及其投资管理参数。原创性/价值本文的新颖之处在于试图强调宗教基金投资策略在确保宗教基金可持续回报方面的重要性。它引入了单位信托基金的概念模型，作为从个人投资者那里汇集更多现金基金的可行机制。单位信托形式的资本宗教基金资产的可持续性是通过论文末尾提出的应用参数来维持的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ISRA International Journal of Islamic Finance BUSINESS, FINANCE-

CiteScore

3.40

自引率

17.40%

发文量

审稿时长

20 weeks

期刊介绍： It is the aspiration of the editorial committee that IJIF achieves the highest rank in quality and substance. It is thus our aim that the journal be carried in the Thompson Reuters’ ISI and Scopus databases. By ensuring high standards in articles published in Islamic finance we ensure that further innovation and research is carried out and promoted in the Islamic finance industry and academia. IJIF publishes 2 issues per annum.