Lessons Learned from the Zakat and Waqaf Frameworks in Indonesia and Singapore for Application in Malaysia

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 4 in Islamic Social Finance, 2024, pp 69-87 from Springer

Abstract: Abstract In this chapter makes a comparative analysis of the Zakat and Waqaf frameworks in Indonesia and Singapore, offering valuable insights for their application in Malaysia within the Islamic Social Finance context. The chapter provides an in-depth examination of the legal and regulatory frameworks governing Zakat and Waqaf in Indonesia and Singapore, shedding light on the respective practices in these jurisdictions. Through a meticulous comparison, the chapter aims to establish benchmarks, facilitating a nuanced understanding of the strengths and areas for improvement in each framework. By drawing lessons from the experiences of Indonesia and Singapore, the chapter presents a framework for Malaysia to enhance its Zakat and Waqaf systems, contributing to the broader field of Islamic Social Finance.

Keywords: Zakat; Waqf; Indonesia; Singapore; Malaysia (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-1410-0_4

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DOI: 10.1007/978-981-97-1410-0_4

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