Development and Administration of the Institution of Waqf (Past and Present)

Magda Ismail Abdel Mohsin, Hisham Dafterdar, Murat Cizakca, Syed Othman Alhabshi, Shaikh Hamzah Abdul Razak, Seyed Kazem Sadr, Thamina Anwar and Mohammed Obaidullah
Additional contact information
Magda Ismail Abdel Mohsin: INCEIF – The Global University of Islami
Murat Cizakca: Ucuncu Nilufer Caddesi
Shaikh Hamzah Abdul Razak: INCEIF – The Global University of Islami
Seyed Kazem Sadr: INCEIF – The Global University of Islami
Thamina Anwar: OrgName
Mohammed Obaidullah: Islamic Research and Training Institute

Chapter Chapter 2 in Financing the Development of Old Waqf Properties, 2016, pp 13-20 from Palgrave Macmillan

Abstract: Abstract During the early period of the Islamic civilization, the role of the institution of waqf covered almost all service sectors, such as health, education, basic infrastructures, business and commercial activities, job creation, food provision for the hungry and the animals, shelter provision for the poor and needy, in addition to supporting the agricultural and industrial sectors without any cost to the government. However, this role has deteriorated since the beginning of the nineteenth century up to the present time. Such that the situation of all waqf properties is that of idleness, neglect and unproductiveness in almost all Muslim societies. This situation forced individuals, governments and companies to revive this institution. The beginning of the twenty-first century thus witnessed a revival of all Islamic financial institutions, including the institution of waqf.

Keywords: Muslim Country; Basic Infrastructure; Monthly Salary; Muslim Society; Islamic Civilization (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-1-137-58128-0_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137581280

DOI: 10.1057/978-1-137-58128-0_2

Access Statistics for this chapter

More chapters in Palgrave Studies in Islamic Banking, Finance and Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().