Trust fund : a product combining Waqf, Ẓakah And Sadaqah for socio-economic agenda
Other Title(s)
صندوق الإستئمان : منتج يجمع بين الوقف و الزكاة و الصدقة لتحقيق أهداف إجتماعية و اقتصادية
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 27, Issue 1 (31 Jan. 2014), pp.106-126, 21 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2014-01-31
Country of Publication
Saudi Arabia
No. of Pages
21
Main Subjects
Topics
- Banks
- Islamic jurisprudence
- Social development
- Economic development
- Islam
- Financing
- Accountants
- Saudi Arabia
- English language
- Arabic language
- Alms tax
- Economic aspects
- Religious aspects
- Mutual funds
- Banking
- Waqf
- Charity
- French
Abstract EN
This paper introduces waqf, zakāh and ṣadaqah, which are currently being mobilized by the non-Financial Institutions (non-FIs) such as charitable organizations and Non- Governmental Organizations (NGOs) as additional components of Islamic finance industry, to complement the efforts of financial intermediaries as contributor to key socio-economic development.
The paper presents various aspects of a case study of the use of Trust Fund Instrument by the Islamic Development Bank (IDB) for socio-economic development in its member countries including a project run with the cooperation of Bill & Melinda Gates Foundation (Gates Foundation) for polio eradication in Pakistan as part of the Global Polio Eradication Initiative (GPEI).
Towards the end of the paper, some recommendations are presented to push the activities of non-FIs in promoting waqf, zakāh and ṣadaqah via trust funds into the mainstream economy in a more coordinated, integrated and efficient manner at national and international levels.
American Psychological Association (APA)
Bin Yusuf, Muhammad Yusri. 2014. Trust fund : a product combining Waqf, Ẓakah And Sadaqah for socio-economic agenda. Journal of King Abdulaziz University : Islamic Economics،Vol. 27, no. 1, pp.106-126.
https://search.emarefa.net/detail/BIM-662203
Modern Language Association (MLA)
Bin Yusuf, Muhammad Yusri. Trust fund : a product combining Waqf, Ẓakah And Sadaqah for socio-economic agenda. Journal of King Abdulaziz University : Islamic Economics Vol. 27, no. 1 (Jan. 2014), pp.106-126.
https://search.emarefa.net/detail/BIM-662203
American Medical Association (AMA)
Bin Yusuf, Muhammad Yusri. Trust fund : a product combining Waqf, Ẓakah And Sadaqah for socio-economic agenda. Journal of King Abdulaziz University : Islamic Economics. 2014. Vol. 27, no. 1, pp.106-126.
https://search.emarefa.net/detail/BIM-662203
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 124-125
Record ID
BIM-662203