Waqf-based crowdfunding model for islamic heritage conservation in Malaysia

This paper explores the potential of waqf-based crowdfunding as a means to obtain funds for conservation efforts related to Islamic heritage sites or materials in Malaysia. Over the period, several heritage sites, buildings, and materials, including Islamic heritage, have witnessed a lack of funding...

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Main Authors: Muhammad Shahrul Ifwat Ishak, Abdulmajeed Muhammad Aderemi
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2022
Online Access:http://journalarticle.ukm.my/19303/
http://journalarticle.ukm.my/19303/1/56713-187316-1-PB.pdf
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author Muhammad Shahrul Ifwat Ishak,
Abdulmajeed Muhammad Aderemi,
author_facet Muhammad Shahrul Ifwat Ishak,
Abdulmajeed Muhammad Aderemi,
author_sort Muhammad Shahrul Ifwat Ishak,
building UKM Institutional Repository
collection Online Access
description This paper explores the potential of waqf-based crowdfunding as a means to obtain funds for conservation efforts related to Islamic heritage sites or materials in Malaysia. Over the period, several heritage sites, buildings, and materials, including Islamic heritage, have witnessed a lack of funding for conservation efforts, while the budget from the government is limited. Therefore, an alternative fund is needed, and Islamic crowdfunding has the potential to be applied to overcome this issue. This paper is based on conceptual explorations of literature on crowdfunding, waqf, and heritage conservation. As a result, its finding proposes a particular model of waqf-based crowdfunding fund for Islamic heritage conservation in this country. While several challenges are identified, including the potential failure to reach the target, and the lack of public awareness and approval from authorities, this study expands a new potential for the application of waqf. It provides a practical solution for Islamic heritage conservation in Malaysia.
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spelling oai:generic.eprints.org:193032022-08-11T08:27:23Z http://journalarticle.ukm.my/19303/ Waqf-based crowdfunding model for islamic heritage conservation in Malaysia Muhammad Shahrul Ifwat Ishak, Abdulmajeed Muhammad Aderemi, This paper explores the potential of waqf-based crowdfunding as a means to obtain funds for conservation efforts related to Islamic heritage sites or materials in Malaysia. Over the period, several heritage sites, buildings, and materials, including Islamic heritage, have witnessed a lack of funding for conservation efforts, while the budget from the government is limited. Therefore, an alternative fund is needed, and Islamic crowdfunding has the potential to be applied to overcome this issue. This paper is based on conceptual explorations of literature on crowdfunding, waqf, and heritage conservation. As a result, its finding proposes a particular model of waqf-based crowdfunding fund for Islamic heritage conservation in this country. While several challenges are identified, including the potential failure to reach the target, and the lack of public awareness and approval from authorities, this study expands a new potential for the application of waqf. It provides a practical solution for Islamic heritage conservation in Malaysia. Penerbit Universiti Kebangsaan Malaysia 2022 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/19303/1/56713-187316-1-PB.pdf Muhammad Shahrul Ifwat Ishak, and Abdulmajeed Muhammad Aderemi, (2022) Waqf-based crowdfunding model for islamic heritage conservation in Malaysia. Jurnal Hadhari, 14 (1). pp. 101-118. ISSN 1985-6830 https://ejournals.ukm.my/jhadhari/issue/view/1528
spellingShingle Muhammad Shahrul Ifwat Ishak,
Abdulmajeed Muhammad Aderemi,
Waqf-based crowdfunding model for islamic heritage conservation in Malaysia
title Waqf-based crowdfunding model for islamic heritage conservation in Malaysia
title_full Waqf-based crowdfunding model for islamic heritage conservation in Malaysia
title_fullStr Waqf-based crowdfunding model for islamic heritage conservation in Malaysia
title_full_unstemmed Waqf-based crowdfunding model for islamic heritage conservation in Malaysia
title_short Waqf-based crowdfunding model for islamic heritage conservation in Malaysia
title_sort waqf-based crowdfunding model for islamic heritage conservation in malaysia
url http://journalarticle.ukm.my/19303/
http://journalarticle.ukm.my/19303/
http://journalarticle.ukm.my/19303/1/56713-187316-1-PB.pdf