The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges
The primary objective of this paper is to explore the potential of Islamic Real Estate Investment Trusts (I-REITs) as an effective instrument for financing waqf development activities. This study employs legal research methodology, (the data used were largely library-based and documentary in nature)...
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| Format: | Article |
| Language: | English English |
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IIUM Press
2016
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| Online Access: | http://irep.iium.edu.my/55704/ http://irep.iium.edu.my/55704/1/55704_The%20use%20of%20islamic%20real%20estate%20investment.pdf http://irep.iium.edu.my/55704/2/55704_The%20use%20of%20islamic%20real%20estate%20investment_SCOPUS.pdf |
| _version_ | 1848784618600267776 |
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| author | Hasan, Aznan Sulaiman, Syahnaz |
| author_facet | Hasan, Aznan Sulaiman, Syahnaz |
| author_sort | Hasan, Aznan |
| building | IIUM Repository |
| collection | Online Access |
| description | The primary objective of this paper is to explore the potential of Islamic Real Estate Investment Trusts (I-REITs) as an effective instrument for financing waqf development activities. This study employs legal research methodology, (the data used were largely library-based and documentary in nature), in which opinions of jurists, classical and contemporary are analysed in discussing the potential of I-REITs as a mechanism to develop waqf assets. Besides, several resolutions issued by relevant market authorities are referred to in this study. The study concludes that despite several challenges, with proper implementation, I-REITs may be adopted by a waqf institution as a mechanism to finance the development of their waqf assets. The novelty of this paper lies in the proposed structure of I-REITs, which can be a useful reference for the policy-makers and REITs issuers in establishing an enabling environment within which waqf I-REITs can potentially operate. Therefore, this study hopes to shed some light on the potential of waqf I-REIT to become an asset class to provide diversity for the public to give waqf. |
| first_indexed | 2025-11-14T16:40:07Z |
| format | Article |
| id | iium-55704 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:40:07Z |
| publishDate | 2016 |
| publisher | IIUM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-557042017-04-12T02:21:25Z http://irep.iium.edu.my/55704/ The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges Hasan, Aznan Sulaiman, Syahnaz HJ Public Finance KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh The primary objective of this paper is to explore the potential of Islamic Real Estate Investment Trusts (I-REITs) as an effective instrument for financing waqf development activities. This study employs legal research methodology, (the data used were largely library-based and documentary in nature), in which opinions of jurists, classical and contemporary are analysed in discussing the potential of I-REITs as a mechanism to develop waqf assets. Besides, several resolutions issued by relevant market authorities are referred to in this study. The study concludes that despite several challenges, with proper implementation, I-REITs may be adopted by a waqf institution as a mechanism to finance the development of their waqf assets. The novelty of this paper lies in the proposed structure of I-REITs, which can be a useful reference for the policy-makers and REITs issuers in establishing an enabling environment within which waqf I-REITs can potentially operate. Therefore, this study hopes to shed some light on the potential of waqf I-REIT to become an asset class to provide diversity for the public to give waqf. IIUM Press 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/55704/1/55704_The%20use%20of%20islamic%20real%20estate%20investment.pdf application/pdf en http://irep.iium.edu.my/55704/2/55704_The%20use%20of%20islamic%20real%20estate%20investment_SCOPUS.pdf Hasan, Aznan and Sulaiman, Syahnaz (2016) The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges. Intellectual Discourse, 24. pp. 521-520. ISSN 0128-4878 E-ISSN 2289-5639 http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/932 |
| spellingShingle | HJ Public Finance KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh Hasan, Aznan Sulaiman, Syahnaz The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges |
| title | The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges |
| title_full | The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges |
| title_fullStr | The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges |
| title_full_unstemmed | The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges |
| title_short | The use of islamic real estate investment trust (I-REITs) as a contemporary instrument in developing Waqf assets: potential structure, issues and challenges |
| title_sort | use of islamic real estate investment trust (i-reits) as a contemporary instrument in developing waqf assets: potential structure, issues and challenges |
| topic | HJ Public Finance KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh |
| url | http://irep.iium.edu.my/55704/ http://irep.iium.edu.my/55704/ http://irep.iium.edu.my/55704/1/55704_The%20use%20of%20islamic%20real%20estate%20investment.pdf http://irep.iium.edu.my/55704/2/55704_The%20use%20of%20islamic%20real%20estate%20investment_SCOPUS.pdf |