Shifting the paradigms in Waqf economics : towards renewed focus on socioeconomic development

المؤلفون المشاركون

Hanif, Muhammad Aslam Muhammad
Lamido, Abd Allah Abu Bakr

المصدر

Islamic Economic Studies

العدد

المجلد 29، العدد 1 (31 أغسطس/آب 2021)، ص ص. 18-32، 15ص.

الناشر

البنك الإسلامي للتنمية المعهد الإسلامي للبحوث و التدريب

تاريخ النشر

2021-08-31

دولة النشر

السعودية

عدد الصفحات

15

التخصصات الرئيسية

الاقتصاد و التجارة

الملخص EN

Purpose- This paper critically reviews and analyzes the trends in waqf studies within the Islamic economics literature.

It analyzes the recent developments and debates in waqf reform and advances the argument for prioritizing research on waqf economics; the waqf dimension that is concerned with modelling how to utilize it to enhance productivity, consumption, redistribution, investment and saving, and generally contribute sustainably towards poverty reduction, economic empowerment and development.

Design/methodology/approach- The paper is conceptual in nature, focusing on a systematic historical analytical review of waqf studies in Islamic economics literature.

Findings- Despite the documented historic role of waqf in constructing the Muslim socio-economic architecture as the third economic sector and a mechanism for civilizational development and renewal, it received little attention in the early writings on modern Islamic economics.

While the past one decade has witnessed a renewed interest in waqf research, most studies focus on its legal, juristic and administrative aspects in addition to the nostalgic reflections on its past glories.

Little attention is comparatively given to the socio-economic aspect, which represents the actual raison d’être for its institutionalization.

Practical implications- An important task ahead of the current generation of Islamic economists is to formulate waqf-based development models that are rooted in proper diagnosis and deep understanding of the current socio-economic realities of the OIC member countries for the purpose of uplifting living standards and stimulating sustainable socio-economic development.

Originality/value- The paper contributes to the debate on priorities in waqf studies and practice and can trigger further discourses and research on the future of research in waqf economics.

نمط استشهاد جمعية علماء النفس الأمريكية (APA)

Lamido, Abd Allah Abu Bakr& Hanif, Muhammad Aslam Muhammad. 2021. Shifting the paradigms in Waqf economics : towards renewed focus on socioeconomic development. Islamic Economic Studies،Vol. 29, no. 1, pp.18-32.
https://search.emarefa.net/detail/BIM-1414668

نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)

Lamido, Abd Allah Abu Bakr& Hanif, Muhammad Aslam Muhammad. Shifting the paradigms in Waqf economics : towards renewed focus on socioeconomic development. Islamic Economic Studies Vol. 29, no. 1 (Aug. 2021), pp.18-32.
https://search.emarefa.net/detail/BIM-1414668

نمط استشهاد الجمعية الطبية الأمريكية (AMA)

Lamido, Abd Allah Abu Bakr& Hanif, Muhammad Aslam Muhammad. Shifting the paradigms in Waqf economics : towards renewed focus on socioeconomic development. Islamic Economic Studies. 2021. Vol. 29, no. 1, pp.18-32.
https://search.emarefa.net/detail/BIM-1414668

نوع البيانات

مقالات

لغة النص

الإنجليزية

الملاحظات

Includes bibliographical references : p. 29-32

رقم السجل

BIM-1414668