Legal Framework for Waqf

Sherin Kunhibava (), Aishath Muneeza (), Maryam Binti Khalid (), Zakariya Mustapha and Thong Ming Sen
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Sherin Kunhibava: University of Malaya
Aishath Muneeza: INCEIF
Maryam Binti Khalid: University of Malaya
Zakariya Mustapha: University of Malaya
Thong Ming Sen: University of Malaya

Chapter Chapter 3 in Islamic Social Finance, 2024, pp 45-68 from Springer

Abstract: Abstract In this chapter, the focus shifts to the institution of Waqf in Islamic social finance. The chapter provides a comprehensive understanding of Waqf, elucidating its nature, purpose, and distinctions from other forms of charitable giving such as Sadaqah and Zakat. With a specific emphasis on the legal framework governing Waqf in Malaysia, readers gain insights into the regulatory landscape that shapes and guides these endowments. Real-world applications are explored through the presentation of use-case studies, showcasing the diverse and impactful ways in which Waqf has been employed. The chapter also addresses the inherent issues and challenges associated with Waqf, offering a critical examination of its implementation within the context of Islamic social finance.

Keywords: Waqf; Endowment; Cash waqf; Innovation (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-981-97-1410-0_3

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