The inclination of student and public towards the establishment of Islamic waqf bank

The institution of waqf has played its role in poverty alleviation and socioeconomic development through history, especially in the Islamic history. Until today, this institution still plays an important role especially in Muslim countries. Still, there are many potential mechanisms in order to make...

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Main Authors: Aziz M.R.A., Yusof M.A ., Johari F.
Format: Article
Language:English
Published: 2017
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Online Access:http://ddms.usim.edu.my:80/jspui/handle/123456789/15494
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spelling my.usim-154942017-12-05T01:58:47Z The inclination of student and public towards the establishment of Islamic waqf bank Aziz M.R.A., Yusof M.A . Johari F. Cash Waqf; Islamic Waafbank; Waqf The institution of waqf has played its role in poverty alleviation and socioeconomic development through history, especially in the Islamic history. Until today, this institution still plays an important role especially in Muslim countries. Still, there are many potential mechanisms in order to make it more effective to alleviate poverty and for financing the education of the poor. On the other hand, Islamic waqf bank is a special designed financial institution in Islam. This bank will benefit the student and also their parents, due to its unique structure that could finance students' education in term of fees and cost of living. Islamic waqf bank use the concept of cash waqf in funding the education. Cash waqf is a trust fund established with money to support services for mankind's benefits in the name of Allah. The gifted capital was "transferred" to borrowers for certain period, which was then spent for all sorts of pious and social purposes inclusive for the investment objectives. The objective of this article is to examine the need of students and inclination among Muslim public to contribute for the establishment of Islamicwaqf bank. The general findings of this article shows that there is a high demandamong students and strong willingness among public to contribute for the establishment of Islamic waqf bank. © IDOSI Publications, 2013. 2017-12-05T01:58:47Z 2017-12-05T01:58:47Z 2013 Article 18184952 http://ddms.usim.edu.my:80/jspui/handle/123456789/15494 en
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Cash Waqf; Islamic Waafbank; Waqf
spellingShingle Cash Waqf; Islamic Waafbank; Waqf
Aziz M.R.A., Yusof M.A .
Johari F.
The inclination of student and public towards the establishment of Islamic waqf bank
description The institution of waqf has played its role in poverty alleviation and socioeconomic development through history, especially in the Islamic history. Until today, this institution still plays an important role especially in Muslim countries. Still, there are many potential mechanisms in order to make it more effective to alleviate poverty and for financing the education of the poor. On the other hand, Islamic waqf bank is a special designed financial institution in Islam. This bank will benefit the student and also their parents, due to its unique structure that could finance students' education in term of fees and cost of living. Islamic waqf bank use the concept of cash waqf in funding the education. Cash waqf is a trust fund established with money to support services for mankind's benefits in the name of Allah. The gifted capital was "transferred" to borrowers for certain period, which was then spent for all sorts of pious and social purposes inclusive for the investment objectives. The objective of this article is to examine the need of students and inclination among Muslim public to contribute for the establishment of Islamicwaqf bank. The general findings of this article shows that there is a high demandamong students and strong willingness among public to contribute for the establishment of Islamic waqf bank. © IDOSI Publications, 2013.
format Article
author Aziz M.R.A., Yusof M.A .
Johari F.
author_facet Aziz M.R.A., Yusof M.A .
Johari F.
author_sort Aziz M.R.A., Yusof M.A .
title The inclination of student and public towards the establishment of Islamic waqf bank
title_short The inclination of student and public towards the establishment of Islamic waqf bank
title_full The inclination of student and public towards the establishment of Islamic waqf bank
title_fullStr The inclination of student and public towards the establishment of Islamic waqf bank
title_full_unstemmed The inclination of student and public towards the establishment of Islamic waqf bank
title_sort inclination of student and public towards the establishment of islamic waqf bank
publishDate 2017
url http://ddms.usim.edu.my:80/jspui/handle/123456789/15494
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score 13.222552