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An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era

Harnessing a sustainable model of waqf remains as the key challenge faced by waqf managers, particularly in the mid of socio-economic crisis due to the COVID-19 pandemic. The aim of this paper is to discuss and propose the potential viability of waqf unit trust as a form of an alternative asset for...

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Main Authors: Sulaiman, Syahnaz, Hasan, Aznan
Format: Article
Language:English
Published: International Journal of Liberal Arts and Social Science 2020
Subjects:
BPH Islamic Economics
Online Access:http://irep.iium.edu.my/89351/7/89351_An%20integrated%20approach%20of%20unit%20trust%20and%20waqf.pdf
http://irep.iium.edu.my/89351/
https://ijlass.org/vol-8-no-12-december-2020/#
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spelling my.iium.irep.893512021-04-16T02:14:07Z http://irep.iium.edu.my/89351/ An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era Sulaiman, Syahnaz Hasan, Aznan BPH Islamic Economics Harnessing a sustainable model of waqf remains as the key challenge faced by waqf managers, particularly in the mid of socio-economic crisis due to the COVID-19 pandemic. The aim of this paper is to discuss and propose the potential viability of waqf unit trust as a form of an alternative asset for the purpose of waqf creation. The current study employed a qualitative research approach, which was designed through the use of document analysis of classical Islamic books, Islamic ruling (fatwa), journal articles, books, online resources, and policy documents. The novelty of the model proposed in this paper can be traced in its highlight of the significance of the investment strategy of waqf in the effort to ensure returns that are sustainable for waqf, particularly during this difficult time in reducing the socioeconomic impacts of the COVID-19 catastrophe, that is through the introduction of a conceptual model of waqf unit trust as a potential mechanism to accumulate more waqf in the form of cash from individual investors. This paper emphasizes that waqf plays a significant role as a global financial cure for economic revival post the COVID-19 pandemic. The capital waqf assets‟ sustainability in the form of unit trust is preserved through the distinctive fixed price feature of the waqf unit trust as proposed prior to the conclusion of this paper. International Journal of Liberal Arts and Social Science 2020-12-26 Article PeerReviewed application/pdf en http://irep.iium.edu.my/89351/7/89351_An%20integrated%20approach%20of%20unit%20trust%20and%20waqf.pdf Sulaiman, Syahnaz and Hasan, Aznan (2020) An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era. International Journal of Liberal Arts and Social Science, 8 (12). pp. 30-41. ISSN 2307-924X https://ijlass.org/vol-8-no-12-december-2020/#
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
spellingShingle BPH Islamic Economics
Sulaiman, Syahnaz
Hasan, Aznan
An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era
description Harnessing a sustainable model of waqf remains as the key challenge faced by waqf managers, particularly in the mid of socio-economic crisis due to the COVID-19 pandemic. The aim of this paper is to discuss and propose the potential viability of waqf unit trust as a form of an alternative asset for the purpose of waqf creation. The current study employed a qualitative research approach, which was designed through the use of document analysis of classical Islamic books, Islamic ruling (fatwa), journal articles, books, online resources, and policy documents. The novelty of the model proposed in this paper can be traced in its highlight of the significance of the investment strategy of waqf in the effort to ensure returns that are sustainable for waqf, particularly during this difficult time in reducing the socioeconomic impacts of the COVID-19 catastrophe, that is through the introduction of a conceptual model of waqf unit trust as a potential mechanism to accumulate more waqf in the form of cash from individual investors. This paper emphasizes that waqf plays a significant role as a global financial cure for economic revival post the COVID-19 pandemic. The capital waqf assets‟ sustainability in the form of unit trust is preserved through the distinctive fixed price feature of the waqf unit trust as proposed prior to the conclusion of this paper.
format Article
author Sulaiman, Syahnaz
Hasan, Aznan
author_facet Sulaiman, Syahnaz
Hasan, Aznan
author_sort Sulaiman, Syahnaz
title An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era
title_short An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era
title_full An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era
title_fullStr An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era
title_full_unstemmed An integrated approach of unit trust and waqf as a sustainable investment conceptual model in the Covid-19 era
title_sort integrated approach of unit trust and waqf as a sustainable investment conceptual model in the covid-19 era
publisher International Journal of Liberal Arts and Social Science
publishDate 2020
url http://irep.iium.edu.my/89351/7/89351_An%20integrated%20approach%20of%20unit%20trust%20and%20waqf.pdf
http://irep.iium.edu.my/89351/
https://ijlass.org/vol-8-no-12-december-2020/#
_version_ 1698696755271434240
score 13.211869

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