Proposed models for unit trust waqf and the parameters for their application
Joint Authors
Hasan, Aznan
Sulayman, Syahnaz
Ismail, Muhd Issyam
Nurdin, Nazrul Hazizi
Nur, Azman Muhammad
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 11, Issue 1 (30 Jun. 2019), pp.62-81, 20 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2019-06-30
Country of Publication
Malaysia
No. of Pages
20
Main Subjects
Financial and Accounting Sciences
Abstract EN
Purpose This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation.
Design/methodology/approach This paper starts with the conceptual exploration of the literature in the areas of waqf.
The sources of the literature cover authentic sources of the Qurʾān and ḥadīth, as well as secondary sources such as books, journal articles and online resources.
Findings This paper provides the conceptual framework of five models of unit trust waqf and their investment management parameters.
Originality/value The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf.
It does so by introducing the conceptual models of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors.
The sustainability of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application proposed towards the end of the paper.
American Psychological Association (APA)
Sulayman, Syahnaz& Hasan, Aznan& Nur, Azman Muhammad& Ismail, Muhd Issyam& Nurdin, Nazrul Hazizi. 2019. Proposed models for unit trust waqf and the parameters for their application. ISRA International Journal of Islamic Finance،Vol. 11, no. 1, pp.62-81.
https://search.emarefa.net/detail/BIM-965081
Modern Language Association (MLA)
Sulayman, Syahnaz…[et al.]. Proposed models for unit trust waqf and the parameters for their application. ISRA International Journal of Islamic Finance Vol. 11, no. 1 (2019), pp.62-81.
https://search.emarefa.net/detail/BIM-965081
American Medical Association (AMA)
Sulayman, Syahnaz& Hasan, Aznan& Nur, Azman Muhammad& Ismail, Muhd Issyam& Nurdin, Nazrul Hazizi. Proposed models for unit trust waqf and the parameters for their application. ISRA International Journal of Islamic Finance. 2019. Vol. 11, no. 1, pp.62-81.
https://search.emarefa.net/detail/BIM-965081
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 77-80
Record ID
BIM-965081