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Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur

There has been a growing interest in the development of income-generating Waqf (endowments) properties in recent times. This is quite justifiable considering the fact that Waqf properties estimated to worth up to USD 1 Trillion globally have failed to generate adequate income to meet up the maintena...

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Main Authors: Bello, Hafis, Ayob, Mohd Fairullazi, Ahmad Sarkawi, Azila
Format: Article
Language:English
Published: UTM Press and managed by Islamic Civilization Academy, Faculty of Social Science and Humanities, Universiti Teknologi Malaysia 2020
Subjects:
BPH Islamic Economics
BPH531 Zakat
BPH741 Waqf
TX955 Building operation and maintenance
Online Access:http://irep.iium.edu.my/83784/1/83784_Preliminary%20Study%20on%20the%20Maintenance%20Level.pdf
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spelling my.iium.irep.837842020-10-28T03:48:17Z http://irep.iium.edu.my/83784/ Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur Bello, Hafis Ayob, Mohd Fairullazi Ahmad Sarkawi, Azila BPH Islamic Economics BPH531 Zakat BPH741 Waqf TX955 Building operation and maintenance There has been a growing interest in the development of income-generating Waqf (endowments) properties in recent times. This is quite justifiable considering the fact that Waqf properties estimated to worth up to USD 1 Trillion globally have failed to generate adequate income to meet up the maintenance costs thus resulting in poor maintenance and the inability of these properties to meet Waqf objectives. Consequently, this paper presents preliminary findings on an on-going research aimed at developing a maintenance management framework for income-generating Waqf properties. Data were gathered through content analysis and secondary sources. Findings in this paper indicate that the inadequate maintenance of Waqf properties is partly due to relatively low rents and high rental arrears. The paper also gathered that despite the unique features of Waqf, there is no specific study aimed at developing a user-driven maintenance management framework for income-generating Waqf properties. Such omission could slow down the much-anticipated progress particularly at this point in time when different funding initiatives have resulted in the construction of high-rise income-generating properties on Waqf lands. The paper also provided current information on the state of income-generating Waqf properties in Kuala Lumpur. UTM Press and managed by Islamic Civilization Academy, Faculty of Social Science and Humanities, Universiti Teknologi Malaysia 2020-11-03 Article PeerReviewed application/pdf en http://irep.iium.edu.my/83784/1/83784_Preliminary%20Study%20on%20the%20Maintenance%20Level.pdf Bello, Hafis and Ayob, Mohd Fairullazi and Ahmad Sarkawi, Azila (2020) Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur. International Journal of Islamic and Civilizational Studies, 7 (3). pp. 89-97. E-ISSN 2289-8204 https://jurnalumran.utm.my/index.php/umran/index
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
topic BPH Islamic Economics
BPH531 Zakat
BPH741 Waqf
TX955 Building operation and maintenance
spellingShingle BPH Islamic Economics
BPH531 Zakat
BPH741 Waqf
TX955 Building operation and maintenance
Bello, Hafis
Ayob, Mohd Fairullazi
Ahmad Sarkawi, Azila
Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur
description There has been a growing interest in the development of income-generating Waqf (endowments) properties in recent times. This is quite justifiable considering the fact that Waqf properties estimated to worth up to USD 1 Trillion globally have failed to generate adequate income to meet up the maintenance costs thus resulting in poor maintenance and the inability of these properties to meet Waqf objectives. Consequently, this paper presents preliminary findings on an on-going research aimed at developing a maintenance management framework for income-generating Waqf properties. Data were gathered through content analysis and secondary sources. Findings in this paper indicate that the inadequate maintenance of Waqf properties is partly due to relatively low rents and high rental arrears. The paper also gathered that despite the unique features of Waqf, there is no specific study aimed at developing a user-driven maintenance management framework for income-generating Waqf properties. Such omission could slow down the much-anticipated progress particularly at this point in time when different funding initiatives have resulted in the construction of high-rise income-generating properties on Waqf lands. The paper also provided current information on the state of income-generating Waqf properties in Kuala Lumpur.
format Article
author Bello, Hafis
Ayob, Mohd Fairullazi
Ahmad Sarkawi, Azila
author_facet Bello, Hafis
Ayob, Mohd Fairullazi
Ahmad Sarkawi, Azila
author_sort Bello, Hafis
title Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur
title_short Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur
title_full Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur
title_fullStr Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur
title_full_unstemmed Preliminary study on the maintenance level of waqf properties: federal territory, Kuala Lumpur
title_sort preliminary study on the maintenance level of waqf properties: federal territory, kuala lumpur
publisher UTM Press and managed by Islamic Civilization Academy, Faculty of Social Science and Humanities, Universiti Teknologi Malaysia
publishDate 2020
url http://irep.iium.edu.my/83784/1/83784_Preliminary%20Study%20on%20the%20Maintenance%20Level.pdf
http://irep.iium.edu.my/83784/
https://jurnalumran.utm.my/index.php/umran/index
_version_ 1683230294895755264
score 13.211869

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