Exploring the Dynamics of Cash Waqf: A Critical Analysis of Its Implementation in Malaysia
This paper explores the dynamics of the waqf institution in Islam,with special focus on cash waqf and its implementation in Malaysia. Itscombined flexibility and accuracy is important to the real purpose of the waqfin its implementation. Its dynamics are first explored through its meaning andobjecti...
| Authors: | ; |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
2018
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| In: |
Intellectual discourse
Year: 2018, Pages: 1109-1128 |
| Online Access: |
Volltext (lizenzpflichtig) |
| Summary: | This paper explores the dynamics of the waqf institution in Islam,with special focus on cash waqf and its implementation in Malaysia. Itscombined flexibility and accuracy is important to the real purpose of the waqfin its implementation. Its dynamics are first explored through its meaning andobjectives as well as special features of waqf and cash waqf with special focuson the status of the endowed asset (mawqūf). The second part focuses on thecritical evaluation of the current cash waqf practices in Malaysia. It is foundthat the special attention on the endowed asset ought to be maintained in orderto preserve its original purpose. Waqf offers all kinds of assistance and is notconfined to crisis management. Possessing the highest liquidity rate, cash waqfconstitutes an important financial mechanism, especially given the current stateof economic affairs. Its nature must be maintained, as suggested by those juristswho allow cash to be considered as an endowed asset (mawqūf) and also thosewho do not favour it, in order to maintain the perpetuity of the benefit. Only byadhering to this special arrangement, the real spirit of waqf and its dynamicscan be preserved and further developed in order to fulfil the economic needsof society. |
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| ISSN: | 2289-5639 |
| Contains: | Enthalten in: Intellectual discourse
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