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Empowering WAQF financing sustainability through capital market in Malaysia:A review

Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf fina...

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Main Authors: Ahmad, K., Mohd Thas Thaker, M. A., Anwar, A. P., Mohd Thas Thaker, Hassanudin *
Format: Conference or Workshop Item
Language:English
Published: 2019
Subjects:
HF Commerce
Online Access:http://eprints.sunway.edu.my/1429/1/Hassanuddin%20Empowering%20.pdf
http://eprints.sunway.edu.my/1429/
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spelling my.sunway.eprints.14292020-10-07T04:12:09Z http://eprints.sunway.edu.my/1429/ Empowering WAQF financing sustainability through capital market in Malaysia:A review Ahmad, K. Mohd Thas Thaker, M. A. Anwar, A. P. Mohd Thas Thaker, Hassanudin * HF Commerce Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf financing feasibility through capital market integration from the Malaysian context. Financing tools primarily designed for Waqf assets development are rigorously explored to secure sustainability of Waqf institutions. While embracing the theory of sustainability entailing chief aspects of economics, social and environment as a guiding principle, the study proposes a viable integration of Waqf and capital market instrument of unit trust investments based on the Shariah-compliant. The finding illustrates that there is an essential need for a novel apparatus through the capital market such Waqf unit trust to realize grander Waqf funds accumulation, investment, and distribution. It is exceedingly encouraged that produced proceeds from the investment are optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to group Waqf fund via unit. 2019-12-31 Conference or Workshop Item PeerReviewed text en cc_by_nc_4 http://eprints.sunway.edu.my/1429/1/Hassanuddin%20Empowering%20.pdf Ahmad, K. and Mohd Thas Thaker, M. A. and Anwar, A. P. and Mohd Thas Thaker, Hassanudin * (2019) Empowering WAQF financing sustainability through capital market in Malaysia:A review. In: 10th Foundation of Islamic Finance Conference/Symposium: Advanced Research in Islamic Finance, 28 November 2019, Sunway University, Malaysia. (Unpublished)
institution Sunway University
building Sunway Campus Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Sunway University
content_source Sunway Institutional Repository
url_provider http://eprints.sunway.edu.my/
language English
topic HF Commerce
spellingShingle HF Commerce
Ahmad, K.
Mohd Thas Thaker, M. A.
Anwar, A. P.
Mohd Thas Thaker, Hassanudin *
Empowering WAQF financing sustainability through capital market in Malaysia:A review
description Though the Waqf (Islamic endowment) has been operative for countless years as a superlative instrument that upholds societal welfare, most of the developed and developing countries are yet to entirely utilize Waqf for the capital market investment. This paper aims to review and explore the Waqf financing feasibility through capital market integration from the Malaysian context. Financing tools primarily designed for Waqf assets development are rigorously explored to secure sustainability of Waqf institutions. While embracing the theory of sustainability entailing chief aspects of economics, social and environment as a guiding principle, the study proposes a viable integration of Waqf and capital market instrument of unit trust investments based on the Shariah-compliant. The finding illustrates that there is an essential need for a novel apparatus through the capital market such Waqf unit trust to realize grander Waqf funds accumulation, investment, and distribution. It is exceedingly encouraged that produced proceeds from the investment are optimally utilized for socio-economic projects. This study realizes as one of the pioneer endeavors to group Waqf fund via unit.
format Conference or Workshop Item
author Ahmad, K.
Mohd Thas Thaker, M. A.
Anwar, A. P.
Mohd Thas Thaker, Hassanudin *
author_facet Ahmad, K.
Mohd Thas Thaker, M. A.
Anwar, A. P.
Mohd Thas Thaker, Hassanudin *
author_sort Ahmad, K.
title Empowering WAQF financing sustainability through capital market in Malaysia:A review
title_short Empowering WAQF financing sustainability through capital market in Malaysia:A review
title_full Empowering WAQF financing sustainability through capital market in Malaysia:A review
title_fullStr Empowering WAQF financing sustainability through capital market in Malaysia:A review
title_full_unstemmed Empowering WAQF financing sustainability through capital market in Malaysia:A review
title_sort empowering waqf financing sustainability through capital market in malaysia:a review
publishDate 2019
url http://eprints.sunway.edu.my/1429/1/Hassanuddin%20Empowering%20.pdf
http://eprints.sunway.edu.my/1429/
_version_ 1680323436938788864
score 13.211869

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