The Role of Corporate Waqf in Financial Sustainability and Socioeconomic Development Insights from Waqaf An-Nur Corporation Berhad

Norizah Mohamed Daud, Norajila Che Man and Najiha Omar
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Norizah Mohamed Daud: Academy of Contemporary Islamic Studies (ACIS), University Technology MARA Melaka Malaysia
Norajila Che Man: Academy of Contemporary Islamic Studies (ACIS), University Technology MARA Melaka Malaysia
Najiha Omar: Academy of Contemporary Islamic Studies (ACIS), University Technology MARA Melaka Malaysia

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 6, 674-682

Abstract: Corporate waqf has emerged as a significant model for sustainable financial growth and social welfare in the Islamic economy. This paper explores the financial sustainability mechanisms of Waqaf An-Nur Corporation Berhad and its role in addressing social welfare needs. The objective of this study is to analyses how Waqaf An-Nur ensures financial sustainability while contributing to socioeconomic development. A qualitative research approach is employed utilizing content analysis from sources including annual reports, policy documents and academic literature. The study identifies financial strategies such as investment in Shariah-compliant assets, portfolio diversification and the operation of revenue generating social enterprises. The findings reveal that Waqaf An-Nur successfully integrates these mechanisms to provide continuous financial support for healthcare, education and economic empowerment programs. Furthermore, the institution has demonstrated resilience in adapting to economic challenges by optimizing investment strategies and forging strategic collaborations. However, the study also highlights enhanced policy frameworks, improved transparency, and digital transformation will further strengthen the impact of corporate waqf in fostering long-term socioeconomic development. This study concludes that corporate waqf can serve as a sustainable economic model when supported by strong institutional frameworks and innovative financial strategies. By using financial innovations and encouraging more public involvement, waqf institutions such as Waqaf An-Nur Corporation Berhad can contribute significantly to sustainable economic growth and social welfare.

Date: 2025
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