Examining the traditional waqf-based financing methods and their implications on socio-economic development

• Main Authors: Ahmed, Umar, Mohamed, Mustafa Omar, Ogunbado, Ahamad Faosiy
• Format: Article
• Language: English
• Published: International Organisation of Scientific Research (IOSR) 2015
• Subjects: HB846 Welfare theory; HD101 Land use; HG Finance
• Online Access: http://irep.iium.edu.my/47268/1/Article.Umar%26MOM.Feb_2015.pdf; http://irep.iium.edu.my/47268/; http://www.iosrjournals.org/iosr-jbm/papers/Vol17-issue2/Version-3/M01723119125.pdf

Waqf properties constitute a large percentage of societal wealth in several Muslim countries. Yet, many Muslim countries are facing enormous socio-economic problems such as poverty, illiteracy and lack of basic healthcare services. These socio-economic problems encourage contemporary Muslim scholars...