Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia
Purpose – This paper attempt to offer an alternative mode of financing for developing idle Waqf land using cooperative and Waqf. Design/Methodology/Approach – The present study evaluated relevant existing literatures on the; (i) issues of financing faced by Waqf institution in developing idle Waqf...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English English English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/2/ACMASS-0009.pdf http://irep.iium.edu.my/57600/3/201708%20Osaka%20Conference%20Program.pdf http://irep.iium.edu.my/57600/15/Final%20Paper_Asmy.pdf |
| _version_ | 1848784964308434944 |
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| author | Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin |
| author_facet | Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin |
| author_sort | Allah Pitchay, Anwar |
| building | IIUM Repository |
| collection | Online Access |
| description | Purpose – This paper attempt to offer an alternative mode of financing for developing idle Waqf land using cooperative and Waqf.
Design/Methodology/Approach – The present study evaluated relevant existing literatures on the; (i) issues of financing faced by Waqf institution in developing idle Waqf lands, and (2) existing models of cash Waqf have been reviewed and based on this gap, we proposed a hybrid model of Cooperative-Waqf.
Findings – The proposed model is unique due to the new dimension which is membership is embedded into the Waqf project. This means the donors are given privilege to received benefit from the commercialise project which is develop on the Waqf lands. So far, the existing models of cash Waqf are using traditional method which means the donors only contribute cash Waqf and they do not aware about the utilisation of the cash Waqf. Commonly, this agency problem is occurred due to the lack of two-way communication between cash Waqf donors and Waqf institution. Therefore, the proposed model is able to boost more participation to develop Waqf land and also create harmonisation relationship between cash Waqf donor and Waqf institution.
Research limitation/Implication – The paper is based on conceptual explorations of existing literatures in the area of Waqf and cash Waqf, and the finding is not empirically investigated.
Practical Implication – The proposed hybrid model in this study will provide an alternative way of boosting cash Waqf and develop Waqf lands. This model is significant to policy maker such as government, private and NGOs to promote philanthropy based development.
Originality/Value – The present study extent the existing literatures in area of Waqf and cash Waqf models especially the practise of this instrument in the context of Malaysia. Besides the literature, the present also offers new hybrid model which currently are not practised in any Muslim and minority Muslim countries. |
| first_indexed | 2025-11-14T16:45:36Z |
| format | Proceeding Paper |
| id | iium-57600 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English English |
| last_indexed | 2025-11-14T16:45:36Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-576002017-07-20T08:03:48Z http://irep.iium.edu.my/57600/ Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin BP173.6 Islam and the state H Social Sciences (General) Purpose – This paper attempt to offer an alternative mode of financing for developing idle Waqf land using cooperative and Waqf. Design/Methodology/Approach – The present study evaluated relevant existing literatures on the; (i) issues of financing faced by Waqf institution in developing idle Waqf lands, and (2) existing models of cash Waqf have been reviewed and based on this gap, we proposed a hybrid model of Cooperative-Waqf. Findings – The proposed model is unique due to the new dimension which is membership is embedded into the Waqf project. This means the donors are given privilege to received benefit from the commercialise project which is develop on the Waqf lands. So far, the existing models of cash Waqf are using traditional method which means the donors only contribute cash Waqf and they do not aware about the utilisation of the cash Waqf. Commonly, this agency problem is occurred due to the lack of two-way communication between cash Waqf donors and Waqf institution. Therefore, the proposed model is able to boost more participation to develop Waqf land and also create harmonisation relationship between cash Waqf donor and Waqf institution. Research limitation/Implication – The paper is based on conceptual explorations of existing literatures in the area of Waqf and cash Waqf, and the finding is not empirically investigated. Practical Implication – The proposed hybrid model in this study will provide an alternative way of boosting cash Waqf and develop Waqf lands. This model is significant to policy maker such as government, private and NGOs to promote philanthropy based development. Originality/Value – The present study extent the existing literatures in area of Waqf and cash Waqf models especially the practise of this instrument in the context of Malaysia. Besides the literature, the present also offers new hybrid model which currently are not practised in any Muslim and minority Muslim countries. 2017-08-15 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/57600/2/ACMASS-0009.pdf application/pdf en http://irep.iium.edu.my/57600/3/201708%20Osaka%20Conference%20Program.pdf application/pdf en http://irep.iium.edu.my/57600/15/Final%20Paper_Asmy.pdf Allah Pitchay, Anwar and Azhar, Zubir and Mohd Thas Thaker, Mohamed Asmy and Mydin, Al Amin (2017) Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia. In: Annual Conference on Management and Social Sciences (ACMASS), 2017, 14th-16th Aug. 2017, Osaka, Japan. (In Press) http://acmass.org/site/page.aspx?pid=901&sid=6031&lang=en |
| spellingShingle | BP173.6 Islam and the state H Social Sciences (General) Allah Pitchay, Anwar Azhar, Zubir Mohd Thas Thaker, Mohamed Asmy Mydin, Al Amin Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia |
| title | Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia |
| title_full | Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia |
| title_fullStr | Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia |
| title_full_unstemmed | Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia |
| title_short | Developing idle Waqf (endowment) lands through cooperative-Waqf model: the case of Malaysia |
| title_sort | developing idle waqf (endowment) lands through cooperative-waqf model: the case of malaysia |
| topic | BP173.6 Islam and the state H Social Sciences (General) |
| url | http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/ http://irep.iium.edu.my/57600/2/ACMASS-0009.pdf http://irep.iium.edu.my/57600/3/201708%20Osaka%20Conference%20Program.pdf http://irep.iium.edu.my/57600/15/Final%20Paper_Asmy.pdf |