Empowering waqf financing sustainability through capital market in Malaysia: a review
Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf fina...
| Main Authors: | , , , , |
|---|---|
| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2019
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/76785/ http://irep.iium.edu.my/76785/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf http://irep.iium.edu.my/76785/9/Br.%20Ahmad%20Khaliq_Waqf%20.pdf |
| _version_ | 1848788341414166528 |
|---|---|
| author | Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin |
| author_facet | Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin |
| author_sort | Khaliq, Ahmad |
| building | IIUM Repository |
| collection | Online Access |
| description | Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf financing feasibility through capital market integration from the Malaysian context. Financing tools primarily designed for Waqf assets development are rigorously explored to secure sustainability of Waqf institutions. While embracing the theory of sustainability entailing chief aspects of economics, social and environment as a guiding principle, the study proposes a viable integration of Waqf and capital market instrument of unit trust investments based on the Shariah-compliant. The finding illustrates that there is an essential need for a novel apparatus through the capital market such Waqf unit trust to realize grander Waqf funds accumulation, investment, and distribution. It is exceedingly encouraged that produced proceeds from the investment are optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to group Waqf fund via unit |
| first_indexed | 2025-11-14T17:39:17Z |
| format | Proceeding Paper |
| id | iium-76785 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T17:39:17Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-767852020-12-16T07:01:30Z http://irep.iium.edu.my/76785/ Empowering waqf financing sustainability through capital market in Malaysia: a review Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin H Social Sciences (General) Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf financing feasibility through capital market integration from the Malaysian context. Financing tools primarily designed for Waqf assets development are rigorously explored to secure sustainability of Waqf institutions. While embracing the theory of sustainability entailing chief aspects of economics, social and environment as a guiding principle, the study proposes a viable integration of Waqf and capital market instrument of unit trust investments based on the Shariah-compliant. The finding illustrates that there is an essential need for a novel apparatus through the capital market such Waqf unit trust to realize grander Waqf funds accumulation, investment, and distribution. It is exceedingly encouraged that produced proceeds from the investment are optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to group Waqf fund via unit 2019-11-28 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/76785/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf application/pdf en http://irep.iium.edu.my/76785/9/Br.%20Ahmad%20Khaliq_Waqf%20.pdf Khaliq, Ahmad and Hussin, Nazimah and Mohd Thas Thaker, Mohamed Asmy and Allah Pitchay, Anwar and Mohd Thas Thaker, Hassanudin (2019) Empowering waqf financing sustainability through capital market in Malaysia: a review. In: 10th Foundation of Islamic Finance Conference 2019, Sunway University, Malaysia. (Unpublished) |
| spellingShingle | H Social Sciences (General) Khaliq, Ahmad Hussin, Nazimah Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Mohd Thas Thaker, Hassanudin Empowering waqf financing sustainability through capital market in Malaysia: a review |
| title | Empowering waqf financing sustainability through capital market in Malaysia: a review |
| title_full | Empowering waqf financing sustainability through capital market in Malaysia: a review |
| title_fullStr | Empowering waqf financing sustainability through capital market in Malaysia: a review |
| title_full_unstemmed | Empowering waqf financing sustainability through capital market in Malaysia: a review |
| title_short | Empowering waqf financing sustainability through capital market in Malaysia: a review |
| title_sort | empowering waqf financing sustainability through capital market in malaysia: a review |
| topic | H Social Sciences (General) |
| url | http://irep.iium.edu.my/76785/ http://irep.iium.edu.my/76785/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf http://irep.iium.edu.my/76785/9/Br.%20Ahmad%20Khaliq_Waqf%20.pdf |