New developments on Waqf laws in Malaysia: are they comprehensive?

Five (5) states in Malaysia have introduced their own waqf laws. The other five (5) states are working on new laws and the remaining states maintain waqf matters in the general statutes on administration of Islamic law. The new developments which took place in the 5 states are expected and most aw...

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Main Authors: Mohamad, Nor Asiah, Syed Abdul Kader, Sharifah Zubaidah
Format: Proceeding Paper
Language:English
Published: Universitas Muhammadiyah Yogyakarta 2017
Subjects:
Online Access:http://irep.iium.edu.my/56223/
http://irep.iium.edu.my/56223/1/56223_New%20Developments%20on%20Waqf%20Laws.pdf
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author Mohamad, Nor Asiah
Syed Abdul Kader, Sharifah Zubaidah
author_facet Mohamad, Nor Asiah
Syed Abdul Kader, Sharifah Zubaidah
author_sort Mohamad, Nor Asiah
building IIUM Repository
collection Online Access
description Five (5) states in Malaysia have introduced their own waqf laws. The other five (5) states are working on new laws and the remaining states maintain waqf matters in the general statutes on administration of Islamic law. The new developments which took place in the 5 states are expected and most awaited after voluminous researches reveal that the legal framework has contributed to the slow development of waqf in Malaysia. Using the doctrinal approach and comparative analysis method, this study reviews the latest developments in the waqf enactments of Selangor, Perak and Terengganu and discusses how the changes in the laws have helped to improve the slow and restricted jurisdiction (legal framework?) dealing with waqf. The findings show that the new Enactments have addressed most of the observations from the previous literatures especially with regards to challenges in waqf development. Observations also relate to the fast development of waqf which moves in tandem with various other aspects of the economy and finance. Waqf is now recognised as the third economic sector in several jurisdictions. In addition, the need to employ Islamic finance products as vehicles for waqf development has also been recognised by the stakeholders. Although new laws are welcomed, the awareness on the emerging new needs is vital.
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format Proceeding Paper
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language English
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spelling iium-562232017-05-03T02:05:23Z http://irep.iium.edu.my/56223/ New developments on Waqf laws in Malaysia: are they comprehensive? Mohamad, Nor Asiah Syed Abdul Kader, Sharifah Zubaidah KPG Malaysia Five (5) states in Malaysia have introduced their own waqf laws. The other five (5) states are working on new laws and the remaining states maintain waqf matters in the general statutes on administration of Islamic law. The new developments which took place in the 5 states are expected and most awaited after voluminous researches reveal that the legal framework has contributed to the slow development of waqf in Malaysia. Using the doctrinal approach and comparative analysis method, this study reviews the latest developments in the waqf enactments of Selangor, Perak and Terengganu and discusses how the changes in the laws have helped to improve the slow and restricted jurisdiction (legal framework?) dealing with waqf. The findings show that the new Enactments have addressed most of the observations from the previous literatures especially with regards to challenges in waqf development. Observations also relate to the fast development of waqf which moves in tandem with various other aspects of the economy and finance. Waqf is now recognised as the third economic sector in several jurisdictions. In addition, the need to employ Islamic finance products as vehicles for waqf development has also been recognised by the stakeholders. Although new laws are welcomed, the awareness on the emerging new needs is vital. Universitas Muhammadiyah Yogyakarta 2017 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/56223/1/56223_New%20Developments%20on%20Waqf%20Laws.pdf Mohamad, Nor Asiah and Syed Abdul Kader, Sharifah Zubaidah (2017) New developments on Waqf laws in Malaysia: are they comprehensive? In: International Conference on Law and Society 6 (ICLAS 6), 4th-7th April 2017, Yogyakarta, Indonesia. http://iclas6.umy.ac.id/
spellingShingle KPG Malaysia
Mohamad, Nor Asiah
Syed Abdul Kader, Sharifah Zubaidah
New developments on Waqf laws in Malaysia: are they comprehensive?
title New developments on Waqf laws in Malaysia: are they comprehensive?
title_full New developments on Waqf laws in Malaysia: are they comprehensive?
title_fullStr New developments on Waqf laws in Malaysia: are they comprehensive?
title_full_unstemmed New developments on Waqf laws in Malaysia: are they comprehensive?
title_short New developments on Waqf laws in Malaysia: are they comprehensive?
title_sort new developments on waqf laws in malaysia: are they comprehensive?
topic KPG Malaysia
url http://irep.iium.edu.my/56223/
http://irep.iium.edu.my/56223/
http://irep.iium.edu.my/56223/1/56223_New%20Developments%20on%20Waqf%20Laws.pdf