Research Article

THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY

Volume: 4 Number: 1 February 12, 2017
  • Norma Md Saad
  • Saim Kayadıbı
  • Zarinah Hamıd
EN TR

THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY

Abstract

It has been widely acknowledged that waqf institutions play an important role in the socio-economic development of the Muslim Ummah in the Islamic history. This paper elaborates the contribution of selected waqaf entities in Turkey and Malaysia in improving the socio-economic conditions of the society. The waqaf entities involved in this study include two corporate waqaf institutions from Malaysia, namely Al-Bukhary Foundation and Kumpulan Waqaf An-Nur Berhad;  and four waqaf entities in Turkey, namely, IHH Foundation, Diyanet Foundation, Hakyol Foundation, and TIMAV. This study discusses the projects and programs undertaken by these selected waqf entities to achieve their respective objectives.  Such a comparison is important considering the diverse experiences of these selected waqaf entities in view of the differences in their endowments and different corporate management models. The paper investigates whether these waqaf entities have implemented a novel approach in developing waqf programs and experimenting new ways of new reaching out to the beneficiaries.

Keywords

References

  1. Abdul Karim, S. (2010). Contemporary shari’a compliance structuring for the development and management of waqf assets in singapore. Kyoto Bulletin of Islamic Area Studies, 3(2): 143-164.
  2. Ahmad Zaki Hammad, (2009). The Gracious Quran, Lucent Interpretations, LLC.
  3. Aun. W.M. (1975). An Introduction to the Malaysian Legal System, Kuala Lumpur: Heinemann Educational Book, Asia Limited.
  4. Albukhary Foundation, (2012). Making a Difference: The Caring Malaysian.
  5. AlHajeri, K, R and Thomas A. (1999). Applying Waqf Formula on a Global Basis, Proceeding of the Third Harvard University Forum on Islamic Finance: Local
  6. Borham, A.S. (2011). Pelaksanaan pembangunan wakaf korporat Johor Corporation Berhad (JCorp). In: International Conference on Humanities.
  7. Chowdury, M. S. R., Ghazali, M. F. and Ibrahim, M.F. (2011). Economics of Cash Waqf Management in Malaysia: A Proposed Cash Waqf Model for Practitioners and Future Researchers.African Journal of Business Management, 5 (30). pp. 12155-12163.
  8. Cizacka, M. (1998). Awqaf: In History and Implications for Modern Islamic Economics, paper presented at the International Conference on Awqaf and Economic Development, Kuala Lumpur, 2-4 March.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Norma Md Saad This is me
Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia
Malaysia

Saim Kayadıbı This is me
Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia
Malaysia

Zarinah Hamıd This is me
Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia
Malaysia

Publication Date

February 12, 2017

Submission Date

February 14, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 4 Number: 1

APA
Saad, N. M., Kayadıbı, S., & Hamıd, Z. (2017). THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY. Turkish Journal of Islamic Economics, 4(1), 1-29. https://izlik.org/JA23RC58AK
AMA
1.Saad NM, Kayadıbı S, Hamıd Z. THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY. TUJISE. 2017;4(1):1-29. https://izlik.org/JA23RC58AK
Chicago
Saad, Norma Md, Saim Kayadıbı, and Zarinah Hamıd. 2017. “THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY”. Turkish Journal of Islamic Economics 4 (1): 1-29. https://izlik.org/JA23RC58AK.
EndNote
Saad NM, Kayadıbı S, Hamıd Z (February 1, 2017) THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY. Turkish Journal of Islamic Economics 4 1 1–29.
IEEE
[1]N. M. Saad, S. Kayadıbı, and Z. Hamıd, “THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY”, TUJISE, vol. 4, no. 1, pp. 1–29, Feb. 2017, [Online]. Available: https://izlik.org/JA23RC58AK
ISNAD
Saad, Norma Md - Kayadıbı, Saim - Hamıd, Zarinah. “THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY”. Turkish Journal of Islamic Economics 4/1 (February 1, 2017): 1-29. https://izlik.org/JA23RC58AK.
JAMA
1.Saad NM, Kayadıbı S, Hamıd Z. THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY. TUJISE. 2017;4:1–29.
MLA
Saad, Norma Md, et al. “THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY”. Turkish Journal of Islamic Economics, vol. 4, no. 1, Feb. 2017, pp. 1-29, https://izlik.org/JA23RC58AK.
Vancouver
1.Norma Md Saad, Saim Kayadıbı, Zarinah Hamıd. THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY. TUJISE [Internet]. 2017 Feb. 1;4(1):1-29. Available from: https://izlik.org/JA23RC58AK