Cash Awqaf: How It May Contribute to SDGs?

Rusni Hassan (), Jawwad Ali and Fatimah Mohamad Noor
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Rusni Hassan: International of Islamic University of Malaysia (IIiBF/IIUM)
Jawwad Ali: International of Islamic University of Malaysia (IIiBF/IIUM)
Fatimah Mohamad Noor: International of Islamic University of Malaysia (IIiBF/IIUM)

Chapter Chapter 29 in Islamic Wealth and the SDGs, 2021, pp 559-577 from Springer

Abstract: Abstract The present mindset has changed and evolved noticeably from its conventional practice to an inventive method wherein the objective of Waqf can be achieved easily and effectively. This innovation of ongoing charitable deed appears in the form of cash Waqf which has been progressively popular due to its effectiveness and flexibility in terms of the collection, investment, and distribution. Importantly, in many countries, the model of cash Waqf has evolved and flourished as a tool for financial sources and wealth distribution. Singapore and Malaysia are among the countries in which this model is considerably matured to achieve its effectiveness and valuable purpose (Abdullah Nadwi and Kroessin 2013; Saifuddin et al. 2014). Despite the significant role of cash waqf in socio-economic development, there has been a substantial gap in the literature discussing the potential roles of cash waqf in supporting SDGs. Thus, the main purpose of this study is to explore the potential role of cash to support SDGs. This study is qualitative, in which it uses the library research skill as a method of research. In this regard, the secondary data were used to analyse some existing models of cash waqf and its possible role to support SDGs. Since the SDGs consists of 17 goals, this study, however, focuses on analysing two goals of SDGs that could possibly for practical in the context of cash waqf.

Keywords: SDGs; Waqf; Cash waqf; Contribution; Economic well-being (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65313-2_29

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DOI: 10.1007/978-3-030-65313-2_29

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