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

Year 2017, Volume: 4 Issue: 1, 1 - 29, 12.02.2017

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.

References

  • 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.
  • Ahmad Zaki Hammad, (2009). The Gracious Quran, Lucent Interpretations, LLC.
  • Aun. W.M. (1975). An Introduction to the Malaysian Legal System, Kuala Lumpur: Heinemann Educational Book, Asia Limited.
  • Albukhary Foundation, (2012). Making a Difference: The Caring Malaysian.
  • 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
  • Borham, A.S. (2011). Pelaksanaan pembangunan wakaf korporat Johor Corporation Berhad (JCorp). In: International Conference on Humanities.
  • 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.
  • 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.
  • Diyanet, accessed on July 28, 2015, http://www.diyanet.gov.tr/
  • Diyanet Vakfi, accessed on July 28, 2015, http://www.diyanetvakfi.org.tr/.
  • Hakyol Vakfi, accessed on July 28, 2015, http://www.hakyolvakfi.org/en/hakkimizda.asp
  • Hassan, A. and M.A. Shahid, (2010). Management and development of the aqwaf assets. Proceedings from the Seventh International Conference – The Tawhidi Epistemology: Zakat and Waqf Economy, Bangi pp. 309-328.
  • Hasan, Z. and M.N. Abdullah, (2008). The investment of waqf land as an instrument of muslims’ economic development in Malaysia. Dubai International Conference on Endowments’ Investment, 4-6th February 2008 organized by Awqaf and Minors Affairs Foundation, Dubai, the United Arab Emirates.
  • JAWHAR (Jabatan Wakaf, Zakat dan Haji OR The Department of Waqaf, Alms and Hajj), accessed on January 12, 2012, http://119.110.108.126/spmwj/,.
  • JAWHAR (Jabatan Wakaf, Zakat dan Haji OR The Department of Waqaf, Alms and Hajj) (2012). Accessed on July 22, 2015, http://www.jawhar.gov.my/images/Keratan_Akhbar/bh050213%20r.pdf, ().
  • JCorp Annual Report, (2014). Accessed on July 20, 2015, http://www.jcorp.com.my/annual-reports-19.aspx,
  • Kahf, M., (2004). The Role of Waqf in Improving the Ummah Welfare, paper presented in the International Seminar on Waqf as a Private Legal Body, January 6-7, 2004, Medan, organized by the Islamic University of North Sumatra, Indonesia.
  • Korkut, Şenol. (2010). The Diyanet of Turkey and Its Activities in Eurasia after the Cold War, Acta Slavica Iaponica, Tomus 28, pp. 117‒139.
  • Megat Abdul Rahman, M. M. G. and Othman, A. (2006). Development of Waqf Land: Issues, Prospect, and Strategies. Malaysian Journal of Real Estate, 1 (2), pp. 39-46.
  • Ngah, N., Pelbagaikan Sumber Urus Tanah Waqaf, Berita Harian (Newspaper in Malaysia) accessed on October 25, 2012, http://www.jawhar.gov.my/pelbagaikan-sumber-urus-tanah-wakaf/
  • Omar, H. H. and Ab Rahman, A. (2013). The Application of Sukuk in Sustaining the Waqf Asset: Experience of Selected Waqf Trustee. Shariah Journal, 21(2), pp. 89-116.
  • Pitchay, A., Meera, K. M., and Saleem, M.Y. (2015). Factors Influencing the Behavioral Intentions of Muslim Employees to Contribute to Cash-Waqf Through Salary Deductions, JKAUU, Islamic Economics, 28(1), pp. 63-98.
  • Sahih Muslim, online version, accessed on July 25, 2015, http://www.dic-chicago.org/books/SahihMuslim.pdf,
  • Sait, S. and H. Lim, (2005). Waqf (endowment) and islamic philanthropy. Working paper, The Hague: United Nations Human Settlements Programme.
  • Sadeq, M.A. (2002). Waqf, Perpetual Charity and Poverty Alleviation, International Journal of Social Economics, 29(1/2), pp. 135-151.
  • Sulaiman, S. (2012). Isu Pembangunan Wakaf Menggunakan Struktur Amanah Pelaburan Hartanah Islam di Malaysia: Satu Tinjauan. Jabatan Kemajuan Islam Malaysia. Makalah, 24 Kanun (2), hal. 149-177.
  • Timav, accessed on July 29, 2015, http://www.timav.org.tr/
  • Turan, Ömer. (2008). The Turkish Diyanet Foundation The Muslim World, Volume:98, April/July, p. 370.
  • Waqaf An-Nur Corporation, 2008. Johor Corporation Corporate Waqaf Concept.
  • Waqaf An-Nur Corporation, 2011. Annual Report.
  • Waqaf An-Nur Corporation, 2012. Annual Report.
  • Waqaf An-Nur Corporation, 2014. Annual Report.

MALEZYA VE TÜRKİYE’DEKİ VAKIFLARIN TOPLUMUN SOSYO-EKONOMİK KOŞULLARINA YAPTIĞI KATKILAR

Year 2017, Volume: 4 Issue: 1, 1 - 29, 12.02.2017

Abstract

İslam tarihinde vakıf
kurumlarının müslüman ümmetinin sosyo-ekonomik gelişiminde önemli bir rol
oynadığı yaygın olarak kabul edilmektedir. Bu makale, Türkiye ve Malezya’daki
seçilmiş vakıf kurumlarının toplumun sosyo-ekonomik koşullarına yaptığı
katkıları incelemektedir. Makalede ele alının vakıflar, Malezya’dan Al-Bukhary
Vakfı ve Kumpulan Waqaf An-Nur Berhad vakfı, Türkiye’den ise İHH Vakfı, Diyanet
Vakfı, Hakyol Vakfı, ve TİMAV’dır. Çalışmamız, bu vakıfların proje ve
programlarının belirtilen amaçlara ulaşmalarını sağlayıp sağlamadığını
tartışmaktadır. Seçilmiş bu vakıfların sahip oldukları imkanlarda ve yönetim
modellerindeki farklılıklarla elde ettikleri geniş tecrübeler bu
karşılaştırmayı önemli kılmaktadır. Bu vakıfların, vakıf programlarını özgün bir
yaklaşımla geliştirip geliştirmedikleri ve ihtiyaç sahiplerine yeni yollarla
ulaşıp ulaşmadıkları araştırılmaktadır.

References

  • 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.
  • Ahmad Zaki Hammad, (2009). The Gracious Quran, Lucent Interpretations, LLC.
  • Aun. W.M. (1975). An Introduction to the Malaysian Legal System, Kuala Lumpur: Heinemann Educational Book, Asia Limited.
  • Albukhary Foundation, (2012). Making a Difference: The Caring Malaysian.
  • 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
  • Borham, A.S. (2011). Pelaksanaan pembangunan wakaf korporat Johor Corporation Berhad (JCorp). In: International Conference on Humanities.
  • 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.
  • 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.
  • Diyanet, accessed on July 28, 2015, http://www.diyanet.gov.tr/
  • Diyanet Vakfi, accessed on July 28, 2015, http://www.diyanetvakfi.org.tr/.
  • Hakyol Vakfi, accessed on July 28, 2015, http://www.hakyolvakfi.org/en/hakkimizda.asp
  • Hassan, A. and M.A. Shahid, (2010). Management and development of the aqwaf assets. Proceedings from the Seventh International Conference – The Tawhidi Epistemology: Zakat and Waqf Economy, Bangi pp. 309-328.
  • Hasan, Z. and M.N. Abdullah, (2008). The investment of waqf land as an instrument of muslims’ economic development in Malaysia. Dubai International Conference on Endowments’ Investment, 4-6th February 2008 organized by Awqaf and Minors Affairs Foundation, Dubai, the United Arab Emirates.
  • JAWHAR (Jabatan Wakaf, Zakat dan Haji OR The Department of Waqaf, Alms and Hajj), accessed on January 12, 2012, http://119.110.108.126/spmwj/,.
  • JAWHAR (Jabatan Wakaf, Zakat dan Haji OR The Department of Waqaf, Alms and Hajj) (2012). Accessed on July 22, 2015, http://www.jawhar.gov.my/images/Keratan_Akhbar/bh050213%20r.pdf, ().
  • JCorp Annual Report, (2014). Accessed on July 20, 2015, http://www.jcorp.com.my/annual-reports-19.aspx,
  • Kahf, M., (2004). The Role of Waqf in Improving the Ummah Welfare, paper presented in the International Seminar on Waqf as a Private Legal Body, January 6-7, 2004, Medan, organized by the Islamic University of North Sumatra, Indonesia.
  • Korkut, Şenol. (2010). The Diyanet of Turkey and Its Activities in Eurasia after the Cold War, Acta Slavica Iaponica, Tomus 28, pp. 117‒139.
  • Megat Abdul Rahman, M. M. G. and Othman, A. (2006). Development of Waqf Land: Issues, Prospect, and Strategies. Malaysian Journal of Real Estate, 1 (2), pp. 39-46.
  • Ngah, N., Pelbagaikan Sumber Urus Tanah Waqaf, Berita Harian (Newspaper in Malaysia) accessed on October 25, 2012, http://www.jawhar.gov.my/pelbagaikan-sumber-urus-tanah-wakaf/
  • Omar, H. H. and Ab Rahman, A. (2013). The Application of Sukuk in Sustaining the Waqf Asset: Experience of Selected Waqf Trustee. Shariah Journal, 21(2), pp. 89-116.
  • Pitchay, A., Meera, K. M., and Saleem, M.Y. (2015). Factors Influencing the Behavioral Intentions of Muslim Employees to Contribute to Cash-Waqf Through Salary Deductions, JKAUU, Islamic Economics, 28(1), pp. 63-98.
  • Sahih Muslim, online version, accessed on July 25, 2015, http://www.dic-chicago.org/books/SahihMuslim.pdf,
  • Sait, S. and H. Lim, (2005). Waqf (endowment) and islamic philanthropy. Working paper, The Hague: United Nations Human Settlements Programme.
  • Sadeq, M.A. (2002). Waqf, Perpetual Charity and Poverty Alleviation, International Journal of Social Economics, 29(1/2), pp. 135-151.
  • Sulaiman, S. (2012). Isu Pembangunan Wakaf Menggunakan Struktur Amanah Pelaburan Hartanah Islam di Malaysia: Satu Tinjauan. Jabatan Kemajuan Islam Malaysia. Makalah, 24 Kanun (2), hal. 149-177.
  • Timav, accessed on July 29, 2015, http://www.timav.org.tr/
  • Turan, Ömer. (2008). The Turkish Diyanet Foundation The Muslim World, Volume:98, April/July, p. 370.
  • Waqaf An-Nur Corporation, 2008. Johor Corporation Corporate Waqaf Concept.
  • Waqaf An-Nur Corporation, 2011. Annual Report.
  • Waqaf An-Nur Corporation, 2012. Annual Report.
  • Waqaf An-Nur Corporation, 2014. Annual Report.
There are 32 citations in total.

Details

Journal Section ARTICLES
Authors

Norma Md Saad This is me

Saim Kayadıbı This is me

Zarinah Hamıd This is me

Publication Date February 12, 2017
Published in Issue Year 2017 Volume: 4 Issue: 1

Cite

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.
AMA 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. February 2017;4(1):1-29.
Chicago Saad, Norma Md, Saim Kayadıbı, and Zarinah Hamıd. “THE CONTRIBUTION OF WAQF INSTITUTIONS IN MALAYSIA AND TURKEY IN IMPROVING THE SOCIO-ECONOMIC CONDITIONS OF THE SOCIETY”. Turkish Journal of Islamic Economics 4, no. 1 (February 2017): 1-29.
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 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, 2017.
ISNAD 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 4/1 (February 2017), 1-29.
JAMA 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, 2017, pp. 1-29.
Vancouver 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.