IDEAS home Printed from https://ideas.repec.org/h/pal/psibcp/978-1-137-58128-0_4.html
   My bibliography  Save this book chapter

Current Development of Waqf Properties in Selected Countries and Their Socioeconomic Roles

In: Financing the Development of Old Waqf Properties

Author

Listed:
  • Magda Ismail Abdel Mohsin

    (INCEIF – The Global University of Islami)

  • Hisham Dafterdar
  • Murat Cizakca

    (Ucuncu Nilufer Caddesi)

  • Syed Othman Alhabshi
  • Shaikh Hamzah Abdul Razak

    (INCEIF – The Global University of Islami)

  • Seyed Kazem Sadr

    (INCEIF – The Global University of Islami)

  • Thamina Anwar
  • Mohammed Obaidullah

    (Islamic Research and Training Institute)

Abstract

This chapter provides various data on the current law and administration of waqf in Turkey, Malaysia, Singapore, Sudan, Indonesia, Iran, New Zealand, Kuwait, India, Pakistan, and Bangladesh. It also shows the classical and innovative modes of financing the development of waqf properties. Ninety five cases are presented showing how using the 13 classical and innovative modes of finance managed to transform the idle and the unproductive waqf properties into income-generating properties while having impact on the socio economic development of these countries. Among these modes of finance are al-istibdal/substitutions, hikr/long leases, al-istisna‘a/construction financing, Musharakah Mutanaqisah/Diminishing Partnerships, Build-Operate-Transfers (BOTs), Build-Lease-Transfers (BLTs), Joint Ventures, Sukuk al-Musharakah/Partnership Bonds, Musharkah/Partnerships, Internal Funds/Self-Finance/Donations, Waqf Shares, Corporate Waqf and Sukuk al-Musharakah/Partnership Bonds. For the new Waqf Entrepreneurship mode as in the case of Turkey, we believe it is a new mode worth attention and further research.

Suggested Citation

  • Magda Ismail Abdel Mohsin & Hisham Dafterdar & Murat Cizakca & Syed Othman Alhabshi & Shaikh Hamzah Abdul Razak & Seyed Kazem Sadr & Thamina Anwar & Mohammed Obaidullah, 2016. "Current Development of Waqf Properties in Selected Countries and Their Socioeconomic Roles," Palgrave Studies in Islamic Banking, Finance and Economics, in: Financing the Development of Old Waqf Properties, chapter 0, pages 37-220, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-58128-0_4
    DOI: 10.1057/978-1-137-58128-0_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniar Siahaan & Sri Iswati & Amal Fathullah Zarkasyi, 2019. "Social Enterprise: The Alternatives Financial Support For Educational Institusion," International Journal of Economics and Financial Issues, Econjournals, vol. 9(3), pages 1-11.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psibcp:978-1-137-58128-0_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.