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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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Main Authors: Hasan, Aznan, Sulaiman, Syahnaz
Format: Article
Language:English
English
Published: IIUM Press 2016
Subjects:
HJ Public Finance
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
Online Access: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
http://irep.iium.edu.my/55704/
http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/932
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spelling my.iium.irep.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 REM 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 http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/932
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HJ Public Finance
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
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
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.
format Article
author Hasan, Aznan
Sulaiman, Syahnaz
author_facet Hasan, Aznan
Sulaiman, Syahnaz
author_sort Hasan, Aznan
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_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_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_sort use of islamic real estate investment trust (i-reits) as a contemporary instrument in developing waqf assets: potential structure, issues and challenges
publisher IIUM Press
publishDate 2016
url 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
http://irep.iium.edu.my/55704/
http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/932
_version_ 1643614785723432960
score 13.211869

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