International Journal of Sukuk and Waqf Research最新文献

MANAGEMENT AND DEVELOPMENT OF WAQF IN AFGHANISTAN 阿富汗宗教基金的管理与发展

International Journal of Sukuk and Waqf Research Pub Date : 2024-04-24 DOI: 10.46281/ijswr.v5i2.2203

{"title":"MANAGEMENT AND DEVELOPMENT OF WAQF IN AFGHANISTAN","authors":"","doi":"10.46281/ijswr.v5i2.2203","DOIUrl":"https://doi.org/10.46281/ijswr.v5i2.2203","url":null,"abstract":"This research delves into the importance and pertinence of Waqf in Afghanistan, charting its historical administration across time and emphasizing its customary utilization only for mosques and religious instruction across the country. It examines a number of aspects of Waqf in Afghanistan, such as its historical development of Waqf, the existence of Waqf laws in the country, its evolution throughout time, common difficulties of Waqf, a lack of awareness among the general public even on institutional level, and the required and necessity of updating Waqf customs in the nation. Amidst Afghanistan's ongoing problems with extreme poverty and high jobless rates brought on by years of hostilities and civil war. We believe that there is a chance to revive the Waqf tradition and modify it for use in modern settings. Afghanistan might learn from other prosperous Muslim countries by using Waqf as a tool for economic growth and creating a structure and plan that support charitable endeavors and self-sufficient Waqf-based institutions in the nation. Waqf is well-positioned to assist governmental initiatives in meeting community needs and achieving development goals within Waqf institutions in Afghanistan by fostering social welfare and promotes growth and development of the economy. Afghanistan's Waqf institution is excellent; it can help the government with a wide range of official duties.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"3 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140660418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A HISTORICAL OVERVIEW OF WAQF 宗教基金的历史概述

International Journal of Sukuk and Waqf Research Pub Date : 2024-01-07 DOI: 10.46281/ijswr.v5i1.2170

{"title":"A HISTORICAL OVERVIEW OF WAQF","authors":"","doi":"10.46281/ijswr.v5i1.2170","DOIUrl":"https://doi.org/10.46281/ijswr.v5i1.2170","url":null,"abstract":"This research delves into the historical evolution of Waqf, an Islamic philanthropic institution with centuries-old roots. Tracing its origins to early Islamic societies, the study examines how Waqf has adapted to diverse cultural landscapes and contributed to social welfare. Through an interdisciplinary approach, it explores legal frameworks, socio-economic impacts, and the role of Waqf in shaping communities. This historical overview aims to deepen understanding of Waqf's enduring significance and implications for contemporary socio-economic structures. The main objective of this research is to undertake an overall relevance of the historical Waqf in the Islamic Economic system. It will elaborate on Waqf juristically, classically and modernly. The study explored various aspects such as Waqf's meaning, different definitions by several religious schools of thought, historical origins, and legitimacy of the Waqf based on Quranic Verses and Hadith of the Prophet (PBUH). Throughout Islamic civilization, Waqf played a vital role in Muslim society, given that the needs of the Muslim Ummah were complex and growing. The objective of Waqf is to promote social welfare and to contribute to economic development. The potential of the institution of Waqf is excellent; it can assist the government in countless state responsibilities.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"32 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139448474","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

ECONOMIC POTENTIAL OF WAQF FOR SOCIAL WELFARE: PATTERNS AND CONTRASTS IN MENAP AND COUNTRIES IN SUB-SAHARAN AFRICA waf对社会福利的经济潜力:menap和撒哈拉以南非洲国家的模式和对比

International Journal of Sukuk and Waqf Research Pub Date : 2023-09-16 DOI: 10.46281/ijswr.v4i1.2079

{"title":"ECONOMIC POTENTIAL OF WAQF FOR SOCIAL WELFARE: PATTERNS AND CONTRASTS IN MENAP AND COUNTRIES IN SUB-SAHARAN AFRICA","authors":"","doi":"10.46281/ijswr.v4i1.2079","DOIUrl":"https://doi.org/10.46281/ijswr.v4i1.2079","url":null,"abstract":"The Waqf has become a matter of increasing priority for Islamic scholars and policymakers, given its potential as a mechanism for the socioeconomic advancement of Muslim communities worldwide. This systematic literature review investigated the critical economic and social dimensions of the Waqf in the Middle East, North Africa, and Pakistan (MENAP) region and predominantly Muslim nations of sub-Saharan Africa. Through a rigorous examination of academic databases, 61 relevant primary sources published since 2014 were analyzed using thematic analysis techniques to uncover patterns and contrasts in managing and utilizing the Waqf across countries. The findings reveal significant diversity in Waqf economic strategies implemented, with greater uptake of Cash Waqf and Waqf-based microfinance in MENAP countries compared to sub-Saharan Africa, where adoption is limited. Approaches also diverge regarding the investment of Waqf assets in financial products, with higher prevalence in the Gulf countries than elsewhere. In the social dimension, Waqf has funded traditional educational institutions in MENAP, but the innovation support is largely untapped. Health care and affordable housing are recurring areas of Waqf's contribution, but the impact is uneven: countries like Kuwait and Qatar show more advanced development than Yemen. Women's economic empowerment through the Waqf is more pronounced in the Gulf region than in countries like Nigeria. The review identifies gaps in understanding Waqf's performance in various countries, best practices, and underlying drivers, setting out a roadmap for further comparative research to unlock Waqf's potential as an inclusive development tool.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"133 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135307312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

THE ROLE OF WAQF MANAGEMENT IN THE ESTABLISHMENT OF SOCIAL WELFARE: A CASE STUDY OF YOBE ISLAMIC CENTRE, NIGERIA waqf管理在建立社会福利中的作用:以尼日利亚约贝伊斯兰中心为例

International Journal of Sukuk and Waqf Research Pub Date : 2022-12-30 DOI: 10.46281/ijswr.v3i1.1988

Hadiza Hassan, ID Orcid

{"title":"THE ROLE OF WAQF MANAGEMENT IN THE ESTABLISHMENT OF SOCIAL WELFARE: A CASE STUDY OF YOBE ISLAMIC CENTRE, NIGERIA","authors":"Hadiza Hassan, ID Orcid","doi":"10.46281/ijswr.v3i1.1988","DOIUrl":"https://doi.org/10.46281/ijswr.v3i1.1988","url":null,"abstract":"Waqf is one of the factors for economic prosperity in Islamic civilization established by the Qur'an and Sunnah and has been practiced by Muslim generations as a financial charitable act established by withholding immovable and movable properties to perpetually spend its revenue to fulfill public or family needs, based on the preferences and conditions set by the founder. The institution of Waqf has been an effective way of reducing and eradicating poverty among Muslim communities. Yobe state government established the zakat and waqf management department under the Ministry of religious affairs (MORA) following the declaration of the Shariah system in the state on the 23rd of October 2002 to manage all activities related to zakat and Waqf. The aims and objectives of the institution are to promote the social welfare of the communities and to promote the socio-economic status of Muslims. Yobe state government engaged in establishing one of the most notable waqf investments in the state to promote charitable activities and encourage the Muslim community to continue investing in institutional waqf. However, despite establishing the institution, very few institutionalized waqf practices could be traced in the state. Thus, this research aims to examine the problems affecting the institution of waqf in Yobe State and recommends solutions to address the identified problems. The study applied qualitative research methods by using interviews and literature reviews to examine the major challenges facing the institution of Waqf and Zakat in Damaturu.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129942309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

3.1 BILLION PKR PAKISTAN MORTGAGE REFINANCE COMPANY SUKUK: A FIRST OF ITS KIND FOR HOUSING FINANCE 31亿美元的巴基斯坦PKR抵押贷款再融资公司sukuk:这是第一次为住房融资

International Journal of Sukuk and Waqf Research Pub Date : 2021-12-31 DOI: 10.46281/ijswr.v2i1.1614

{"title":"3.1 BILLION PKR PAKISTAN MORTGAGE REFINANCE COMPANY SUKUK: A FIRST OF ITS KIND FOR HOUSING FINANCE","authors":"","doi":"10.46281/ijswr.v2i1.1614","DOIUrl":"https://doi.org/10.46281/ijswr.v2i1.1614","url":null,"abstract":"The following presents a case study pertaining to innovation in the Sukuk industry in the Islamic capital market of Pakistan which has gained momentum over the last five years. The purpose of this case is to describe a recent Sukuk issued by Pakistan Mortgage Refinance Company (PMRC), a Mortgage Liquidity facility that issued Musharka Sukuk based on Shirkat-ul Aqd, aimed at developing housing finance market in Pakistan. Given the acute shortage of houses and reluctance amongst banks to grant consumers housing loans for a longer-term duration, this facility will enable affordable house financing through a Shariah-compliant mode, while offering a new avenue of investment for capital market participants. This paper describes the key features of the Sukuk, outlines its Shariah structure, and elaborates upon the mechanism of the transaction. A graphical illustration of the Sukuk structure is made to facilitate the reader’s understanding of each step of the transaction. The PKR 3.1billion PMRC Sukuk with the fixed-rate offering of 8.25% for 3 years is expected to be a landmark for the development of the housing sector of the country. It supplements the idea of how the issuance of Sukuk can play a vital role in addressing real economic needs.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132604553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

TECHNICAL EFFICIENCY OF ISLAMIC BANKS IN SELECTED AFRICAN COUNTRIES 若干非洲国家伊斯兰银行的技术效率

International Journal of Sukuk and Waqf Research Pub Date : 2021-12-31 DOI: 10.46281/ijswr.v2i1.1615

{"title":"TECHNICAL EFFICIENCY OF ISLAMIC BANKS IN SELECTED AFRICAN COUNTRIES","authors":"","doi":"10.46281/ijswr.v2i1.1615","DOIUrl":"https://doi.org/10.46281/ijswr.v2i1.1615","url":null,"abstract":"The size of banking market for Islamic banks in Africa is relatively small. This poses serious threat to the level of competition with conventional ones unless they are technically efficient. Unfortunately, available evidences have shown that Islamic banks in Africa are technically inefficient, though no consensus have been reached on the source(s) of such inefficiency. Therefore this study investigated the technical efficiency of Islamic banks in Africa with particular emphasis pure technical and scale efficiencies. Convenient sampling technique was used to select a sample of 36 Islamic banks for eight (8) years from 2012 to 2019. Data were collected for input and output variables from annual reports of the banks. Data Envelopment Analysis (DEA) was used to analyse the data by estimating the efficiency scores for the banks. The efficiency scores of 0.764 (ar<1), 0.850 (ar<1) and 0.896 (ar<1) for OTE, PTE and SE respectively indicate that on average, the selected banks were technically inefficient. The study concluded that Islamic banks in Africa were technically inefficient due mainly to pure technical inefficiencies such as poor managerial performance. The study then recommended employment and training of staff with requisite skills and knowledge of Islamic banking and finance, to enhance managerial performance and boost their technical efficiency of the banks.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120966275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

LEGAL AND PRACTICAL ISSUES IN THE MANAGEMENT OF WAQF PROPERTIES IN SRI LANKA 斯里兰卡waqf财产管理中的法律和实际问题

International Journal of Sukuk and Waqf Research Pub Date : 2021-12-31 DOI: 10.46281/ijswr.v2i1.1646

{"title":"LEGAL AND PRACTICAL ISSUES IN THE MANAGEMENT OF WAQF PROPERTIES IN SRI LANKA","authors":"","doi":"10.46281/ijswr.v2i1.1646","DOIUrl":"https://doi.org/10.46281/ijswr.v2i1.1646","url":null,"abstract":"Waqf (Endowment) is the permanent dedication extended by a Muslim to any movable or immovable property for a purpose recognized by the Shari’ah as pious, religious, or charitable. This is one of the Islamic institutions that have existed since the time of the Prophet (PBUH). The Sri Lankan management operations of Waqf were exercised institutionally as early as 1956. Due to the improper management of waqf assets, society has faced several problems such as poverty, unemployment, recession in education. Therefore, this study aims to identify the legal and practical challenges faced by Waqf institutions in terms of proper implementation of the Muslim Mosques and Charitable Act- 1956 (Wakfs Act of Sri Lanka). The method of the qualitative study was used. The findings demonstrate that there is no authority to the waqf Tribunal to amend a verdict, the Waqf Tribunal depends on the District Courts in implementing the judgments and there are deficiencies in the selection of trustees or mutawallis. This study concludes with the argument that the institutional process of the Sri Lankan Waqf act has legal and practical shortcomings. If these shortcomings are minimized there is no doubt that this Islamic waqf system will help to develop Sri Lanka economically.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131418002","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

IMPEDIMENTS FOR ISSUING SUKUK BONDS FOR IMPROVING ECONOMIC DEVELOPMENT IN PALESTINE (CASE STUDY, ISLAMIC BANKS IN PALESTINE) 为改善巴勒斯坦经济发展而发行伊斯兰债券的障碍(案例研究，巴勒斯坦的伊斯兰银行)

International Journal of Sukuk and Waqf Research Pub Date : 2020-11-02 DOI: 10.46281/ijswr.v1i1.855

{"title":"IMPEDIMENTS FOR ISSUING SUKUK BONDS FOR IMPROVING ECONOMIC DEVELOPMENT IN PALESTINE (CASE STUDY, ISLAMIC BANKS IN PALESTINE)","authors":"","doi":"10.46281/ijswr.v1i1.855","DOIUrl":"https://doi.org/10.46281/ijswr.v1i1.855","url":null,"abstract":"The study aimed to identify the obstacles facing the issuance of Islamic bonds by Islamic banks as a financing tool for economic projects. Descriptive and analytical method was used, and a questionnaire consisting of (36) paragraphs covering all the study variables was designed and distributed to the study community consisting of 4 Islamic banks working in Palestine. The study concluded with a set of results, the most important of which is the fear of issuing Islamic sukuk by Islamic banks due to the lack of sufficient technical capacity and experience to work in this financial industry, in addition to the weak cultural awareness among the Palestinian public of what sukuk are, their types, nature and importance, in addition to the lack of economic clarity and lack of appropriateness of environmental conditions surrounding the Palestinian national economy, which generates concerns about these sukuk, and the absence of an appropriate legislative and legal environment for issuing these sukuk constitutes an impediment to those banks for issuing them. The study recommended the necessity of seeking to develop mechanisms for issuing Islamic sukuk and exerting vigorous efforts to work to attract investors to this financing tool and work to spread the culture related to Islamic sukuk by holding conferences, seminars and workshops that contribute to educating the public about the importance of dealing with Islamic instruments, with the necessity to provide the legislative and legal environment necessary to motivate investors to issue and trade in sukuk, and implementing laws to ensure the rights and duties of this financing process parties, and to benefit from the experiences of Islamic banks in countries of the world in this regard.","PeriodicalId":332085,"journal":{"name":"International Journal of Sukuk and Waqf Research","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133533309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3