Cash Waqf in Bangladesh and the Need for Innovative Approach towards Awqaf: Lessons from Selected Countries

Abdulsoma Thoarlim, Md. Asadur Rahman and Anas Yanya

International Journal of Academic Research in Business and Social Sciences, 2017, vol. 7, issue 4, 151-169

Abstract: This paper is an attempt to respond to the pressing needs to revive and explore the prospects of awqaf in Bangladesh. Awqaf in Bangladesh represents a sector with huge potentials for welfare oriented developments and the benefits of unprivileged section of the population. The institution of waqf in Bangladesh faces a stagnant situation due to which many waqf properties remained unutilized or even idle generating no yield. This paper finds that there is a pressing need to work on reforming and developing the waqf establishment in Bangladesh from legal and regulatory framework as well as the administrative set up of the waqf administration, which is expected to contribute as stepping stones for further research and stimulate future researchers to come up with innovative ideas for the developments of awqaf in Bangladesh.

Keywords: Cash waqf; waqif; Mudaraba; Islami Bank; Shariah; Social service (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:7:y:2017:i:4:p:151-169

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