Religious Practices: Waqf: Southeast Asia

Dian Masyita ()
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Dian Masyita: Department of Management and Business, Faculty of Economy, Padjadjaran University

No 200704, Working Papers in Business, Management and Finance from Department of Management and Business, Padjadjaran University

Abstract: Women are the most active participants in family businesses. Hence, there is a hypothesis about indirect correlation among microfinance sectors, family empowerment, and women’s welfare in developing countries. Based on that hypothesis, the Cash Waqf Management System (Masyita 2006) has chosen the microfinance sector as the main portfolio for its investments to accelerate poverty alleviation. In some developing countries, women have proved to be highly competent and experienced in microfinance program management. In an Islamic socioeconomic context, women also work in collaboration with their husbands to empower their family and ensure care and a bright future for their children. Family empowerment rather than empowerment of women through microcredit, a form of microfinance, represents a significant shift in paradigm (Mannan 1998). Therefore, most funds collected through cash waqf certificate issues are allocated as loans for microenterprises. This microcredit program should be aimed particularly at helping poor people initiate family businesses and thus enhance their quality of life.

Keywords: waqf; fund (search for similar items in EconPapers)
JEL-codes: G0 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2007-04, Revised 2007-04
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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