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Conceptual model of unit trust waqf based on fixed unit trusts structure

This paper aims to present the viability of unit trust waqf as an alternative asset class for waqf creation. The paper provides the conceptual framework of unit trust waqf based on the existing fixed unit trusts structure managed under Permodalan Nasional Berhad (PNB). This paper starts with the con...

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Main Authors: Sulaiman, Syahnaz, Kamaruddin, Muhammad iqmal hisham, Johari, Fuadah, Hasan, Aznan
Format: Conference or Workshop Item
Language:English
Published: Academy of Contemporary Islamic Studies (ACIS) 2020
Subjects:
BPH Islamic Economics
Online Access:http://irep.iium.edu.my/89881/1/89881_Conceptual%20model%20of%20unit%20trust%20waqf.pdf
http://irep.iium.edu.my/89881/
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spelling my.iium.irep.898812021-06-22T10:24:55Z http://irep.iium.edu.my/89881/ Conceptual model of unit trust waqf based on fixed unit trusts structure Sulaiman, Syahnaz Kamaruddin, Muhammad iqmal hisham Johari, Fuadah Hasan, Aznan BPH Islamic Economics This paper aims to present the viability of unit trust waqf as an alternative asset class for waqf creation. The paper provides the conceptual framework of unit trust waqf based on the existing fixed unit trusts structure managed under Permodalan Nasional Berhad (PNB). This paper starts with the conceptual exploration of the literature in the area of waqf, which are sourced from authentic sources of al-Quran and al-Hadith, as well as secondary sources such as books, journal articles and online resources. The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring the perpetuity of waqf by preserving its capital to maintain sustainable return for waqf beneficiaries. PNB’s fixed unit trust structure has been identified as a viable conceptual model for unit trust waqf to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trust is preserved through the parameters for its application as proposed toward the end of the paper. Academy of Contemporary Islamic Studies (ACIS) 2020 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/89881/1/89881_Conceptual%20model%20of%20unit%20trust%20waqf.pdf Sulaiman, Syahnaz and Kamaruddin, Muhammad iqmal hisham and Johari, Fuadah and Hasan, Aznan (2020) Conceptual model of unit trust waqf based on fixed unit trusts structure. In: 4th International Virtual Conference on Zakat, Waqf and Islamic Philantrophy 2020, 17th September 2020, Malaysia (Virtual).
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
Kamaruddin, Muhammad iqmal hisham
Johari, Fuadah
Hasan, Aznan
Conceptual model of unit trust waqf based on fixed unit trusts structure
description This paper aims to present the viability of unit trust waqf as an alternative asset class for waqf creation. The paper provides the conceptual framework of unit trust waqf based on the existing fixed unit trusts structure managed under Permodalan Nasional Berhad (PNB). This paper starts with the conceptual exploration of the literature in the area of waqf, which are sourced from authentic sources of al-Quran and al-Hadith, as well as secondary sources such as books, journal articles and online resources. The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring the perpetuity of waqf by preserving its capital to maintain sustainable return for waqf beneficiaries. PNB’s fixed unit trust structure has been identified as a viable conceptual model for unit trust waqf to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trust is preserved through the parameters for its application as proposed toward the end of the paper.
format Conference or Workshop Item
author Sulaiman, Syahnaz
Kamaruddin, Muhammad iqmal hisham
Johari, Fuadah
Hasan, Aznan
author_facet Sulaiman, Syahnaz
Kamaruddin, Muhammad iqmal hisham
Johari, Fuadah
Hasan, Aznan
author_sort Sulaiman, Syahnaz
title Conceptual model of unit trust waqf based on fixed unit trusts structure
title_short Conceptual model of unit trust waqf based on fixed unit trusts structure
title_full Conceptual model of unit trust waqf based on fixed unit trusts structure
title_fullStr Conceptual model of unit trust waqf based on fixed unit trusts structure
title_full_unstemmed Conceptual model of unit trust waqf based on fixed unit trusts structure
title_sort conceptual model of unit trust waqf based on fixed unit trusts structure
publisher Academy of Contemporary Islamic Studies (ACIS)
publishDate 2020
url http://irep.iium.edu.my/89881/1/89881_Conceptual%20model%20of%20unit%20trust%20waqf.pdf
http://irep.iium.edu.my/89881/
_version_ 1703960201594404864
score 13.211869

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