Waqf as economic matters but being left out as policy tools
Joint Authors
Ismail, Abd al-Ghaffar B.
Possumah, Bayu Tawfiq
Source
Islamic Research and Training Institute
Issue
Vol. 2014, Issue 1-2, 7-11, 13-20 (31 Dec. 2014), pp.1-14, 14 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2014-12-31
Country of Publication
Saudi Arabia
No. of Pages
14
Main Subjects
Economy and Commerce
Religion
Islamic Studies
Topics
- Economics
- Islamic economics
- Islam
- Management
- Social security
- Income distribution
- Financing
- Microfinance
- Investments
- Islamic World
- Economic aspects
- Religious aspects
- Mutual funds
- Waqf
- Charities
Abstract EN
The aim of this paper is to revisit on the possibility to reintroduce the waqf as policy instruments for economic development.
This study is motivated by our findings that waqf are considered as economic matters in three aspects: ownership, tools for intergenerational transfer, investment and sources of revenue and expenditure.
Subsequently, we suggest to record these activity in the State of National Account.
However, the current practices of transmitting the waqf via NPO and Islamic microfinance lead us to narrow the scope of recommendation to only fiscal policy.
The related policy that could contribute to a very large and significant development and welfare of the community is being left out.
Therefore, in this paper, we suggest a social security policy, which is intended to achieve the prosperity of society.
American Psychological Association (APA)
Ismail, Abd al-Ghaffar B.& Possumah, Bayu Tawfiq. 2014. Waqf as economic matters but being left out as policy tools. Islamic Research and Training Institute،Vol. 2014, no. 1-2, 7-11, 13-20, pp.1-14.
https://search.emarefa.net/detail/BIM-603702
Modern Language Association (MLA)
Ismail, Abd al-Ghaffar B.& Possumah, Bayu Tawfiq. Waqf as economic matters but being left out as policy tools. Islamic Research and Training Institute No. 1-2, 7-11, 13-20 (2014), pp.1-14.
https://search.emarefa.net/detail/BIM-603702
American Medical Association (AMA)
Ismail, Abd al-Ghaffar B.& Possumah, Bayu Tawfiq. Waqf as economic matters but being left out as policy tools. Islamic Research and Training Institute. 2014. Vol. 2014, no. 1-2, 7-11, 13-20, pp.1-14.
https://search.emarefa.net/detail/BIM-603702
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 13-14
Record ID
BIM-603702