Waqf Sukuk as Instruments of Sustainable Development and Challenges of Issuing Them A Field Study in Malaysia

IF 0.1 0 RELIGION

global journal al thaqafah Pub Date : 2022-12-31 DOI:10.7187/gjat122022-12

O. Kachkar, Marwa Alfares

引用次数: 1

Abstract

Sustainable development has recently emerged as one of the hottest issues in the field of socioeconomic development. Throughout the Islamic history, waqf has played an essential role in supporting the sustainable development of Muslim communities. This paper attempts to provide a state-of-the-art review of waqf sukuk with special focus on the Malaysian context. Qualitative method has been utilised to collect data. Six semi-structured interviews have been conducted with waqf and sukuk experts in Malaysia. Research has found that so far there has not been any issuance of waqf sukuk in Malaysia. Interviewed experts have rightly pointed out a number of Shariah, legal, regulatory and operational challenges facing the issuance of waqf sukuk in Malaysia. Challenges include the lack of awareness on the importance of waqf sukuk, besides the serious lack of skilled and competent human resources and staff working in waqf administration and governance.

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伊斯兰债券作为可持续发展的工具及其发行的挑战——马来西亚实地研究

近年来，可持续发展已成为社会经济发展领域的热点问题之一。纵观伊斯兰历史，瓦格夫在支持穆斯林社区的可持续发展方面发挥了至关重要的作用。本文试图提供一个国家的最先进的审查waqf伊斯兰债券特别关注马来西亚的背景。采用定性方法收集数据。对马来西亚的waqf和伊斯兰债券专家进行了六次半结构化访谈。研究发现，到目前为止，马来西亚还没有任何伊斯兰债券的发行。接受采访的专家正确地指出了在马来西亚发行伊斯兰债券所面临的一些伊斯兰教法、法律、监管和运营方面的挑战。挑战包括缺乏对伊斯兰基金重要性的认识，以及在伊斯兰基金管理和治理方面严重缺乏熟练和称职的人力资源和工作人员。

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

global journal al thaqafah RELIGION-

CiteScore

0.20

自引率

0.00%

发文量

期刊介绍： Global Journal Al-Thaqafah (GJAT) is a biannual journal, published by Universiti Sultan Azlan Shah (USAS), Perak, MALAYSIA. This journal is purely academic and peer reviewed. It caters to articles, research notes and reports, and book reviews on diverse topics relating to Islam and the Muslims. This journal is intended to provide an avenue for researchers and academics from all persuasions and traditions to share and discuss differing views, new ideas, theories, research outcomes, and socio-cultural and socio-political issues that impact on and directly or indirectly affect the Muslim World with the sole purpose of making this world a better place to live in. GJAT started in 2011 and was later granted the SCOPUS status in March 2014. Since then, GJAT has published numerous articles and materials from international contributors. GJAT welcomes contributions from all: academics, experts, and professionals. All articles submitted must be original, academic, of high scholarly standard, and meet the strict SCOPUS requirements. GJAT prioritizes articles that discuss fundamental issues and are of global relevance and importance, and publishes all articles that fulfill the basic criteria without prejudice (kindly refer to "Submission and Guidelines"). All decisions by GJAT to publish any article are final.