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Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali

Poverty has been a persistent challenge throughout human history and remains a significant issue globally, especially in developing countries. This paper aims to explore the potential impact of Waqf (Islamic endowment) in alleviating poverty and promoting socioeconomic development within the Muslim...

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Main Authors: Owais, Mohd, Ali, Jawwad
Format: Article
Language:English
Published: Universiti Teknologi MARA Selangor 2023
Subjects:
Waqf. Awqāf. Charities. Endowments
Online Access:https://ir.uitm.edu.my/id/eprint/94610/1/94610.pdf
https://ir.uitm.edu.my/id/eprint/94610/
http://myjms.mohe.gov.my/index.php/JEEIR
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spelling my.uitm.ir.946102024-05-30T09:02:09Z https://ir.uitm.edu.my/id/eprint/94610/ Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali jeeir Owais, Mohd Ali, Jawwad Waqf. Awqāf. Charities. Endowments Poverty has been a persistent challenge throughout human history and remains a significant issue globally, especially in developing countries. This paper aims to explore the potential impact of Waqf (Islamic endowment) in alleviating poverty and promoting socioeconomic development within the Muslim community. As an Islamic economic tool, Waqf was introduced to improve the standard of living and support individuals in need. Using a socio-legal paradigm, this paper qualitatively analyzes the available literature to highlight and discuss the role that Waqf plays in poverty reduction and improving people's quality of life. The research reveals that the Waqf institution has significant financial and infrastructural resources that can play a crucial role in reducing poverty in the Muslim community. Historically, Waqf has been used to provide revenue, support social welfare and economic development, and enhance infrastructure over extended periods. However, the management of Waqf institutions in Muslim societies requires improvement to facilitate further progress. This paper recommends that policymakers reform Waqf management and encourage its greater involvement in poverty reduction efforts. By doing so, Waqf could become an essential tool for reducing poverty and improving the socioeconomic status of the Muslim community. Universiti Teknologi MARA Selangor 2023-01 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/94610/1/94610.pdf Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali. (2023) Journal of Emerging Economies & Islamic Research <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_=26_Islamic_Research/>, 11 (1). pp. 57-70. ISSN 2289-2559 http://myjms.mohe.gov.my/index.php/JEEIR
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Waqf. Awqāf. Charities. Endowments
spellingShingle Waqf. Awqāf. Charities. Endowments
Owais, Mohd
Ali, Jawwad
Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali
description Poverty has been a persistent challenge throughout human history and remains a significant issue globally, especially in developing countries. This paper aims to explore the potential impact of Waqf (Islamic endowment) in alleviating poverty and promoting socioeconomic development within the Muslim community. As an Islamic economic tool, Waqf was introduced to improve the standard of living and support individuals in need. Using a socio-legal paradigm, this paper qualitatively analyzes the available literature to highlight and discuss the role that Waqf plays in poverty reduction and improving people's quality of life. The research reveals that the Waqf institution has significant financial and infrastructural resources that can play a crucial role in reducing poverty in the Muslim community. Historically, Waqf has been used to provide revenue, support social welfare and economic development, and enhance infrastructure over extended periods. However, the management of Waqf institutions in Muslim societies requires improvement to facilitate further progress. This paper recommends that policymakers reform Waqf management and encourage its greater involvement in poverty reduction efforts. By doing so, Waqf could become an essential tool for reducing poverty and improving the socioeconomic status of the Muslim community.
format Article
author Owais, Mohd
Ali, Jawwad
author_facet Owais, Mohd
Ali, Jawwad
author_sort Owais, Mohd
title Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali
title_short Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali
title_full Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali
title_fullStr Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali
title_full_unstemmed Waqf management reform: A pathway to alleviate poverty within Muslim societies / Mohd Owais and Jawwad Ali
title_sort waqf management reform: a pathway to alleviate poverty within muslim societies / mohd owais and jawwad ali
publisher Universiti Teknologi MARA Selangor
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/94610/1/94610.pdf
https://ir.uitm.edu.my/id/eprint/94610/
http://myjms.mohe.gov.my/index.php/JEEIR
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score 13.211869

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