The possibility of using waqf to finance the Malaysian federal government’s public expenditure
The purpose of this paper is to examine the possibility of using waqf to finance the federal government’s public expenditures in Malaysia. The arguments were based on the primary data gathered from semi-structured interviews with waqf experts. The result shows that waqf can finance the Malaysian f...
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Department of Southeast Asian Studies, Faculty of Arts and Social Sciences, University of Malaya
2018
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my.iium.irep.691182019-01-10T04:05:36Z http://irep.iium.edu.my/69118/ The possibility of using waqf to finance the Malaysian federal government’s public expenditure Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira HJ1438 Public Finance In Islam The purpose of this paper is to examine the possibility of using waqf to finance the federal government’s public expenditures in Malaysia. The arguments were based on the primary data gathered from semi-structured interviews with waqf experts. The result shows that waqf can finance the Malaysian federal government’s public expenditure for three reasons; Shari’ah permissibility,there is evidence of implementation in past Muslim economies and political will from the federal government. This study is motivated by Malaysia’s persistent primary deficit, Malaysia’s rising debt to GDP, and the versatile nature of waqf that could address these problems. Due to the exploratory nature of this study, qualitative research was conducted through the employment of semi-structured interviews. The thematic analysis was then performed on the interview transcripts. Literary evidence was also mentioned to ensure the concurrent validity of the mentioned results. The findings of this paper may add to the existing literature on the solutions to the burgeoning government expenditure and debt. Even more so, this article motivates researchers to explore the arising issues stemming from this particular waqf implementation. Department of Southeast Asian Studies, Faculty of Arts and Social Sciences, University of Malaya 2018-12-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69118/3/69118%20THE%20POSSIBILITY%20OF%20USING%20WAQF.pdf Azrai Azaimi Ambrose, Azniza Hartini and Aslam, Mohamed and Hanafi, Hanira (2018) The possibility of using waqf to finance the Malaysian federal government’s public expenditure. Journal of Southeast Asian Studies, 23 (2). pp. 89-106. ISSN 1823-4127 https://jati.um.edu.my/index.php/jati/article/view/15322/9309 10.22452/jati.vol23no2.5. |
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HJ1438 Public Finance In Islam Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira The possibility of using waqf to finance the Malaysian federal government’s public expenditure |
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The purpose of this paper is to examine the possibility of using waqf to finance the federal government’s public expenditures in Malaysia. The arguments were based on the primary data gathered from semi-structured interviews with waqf experts. The result shows that waqf can finance
the Malaysian federal government’s public expenditure for three reasons; Shari’ah permissibility,there is evidence of implementation in past Muslim economies and political will from the federal government. This study is motivated by Malaysia’s persistent primary deficit, Malaysia’s rising debt to GDP, and the versatile nature of waqf that could address these problems. Due to the exploratory nature of this study, qualitative research was conducted through the employment of semi-structured interviews. The thematic analysis was then performed on the interview transcripts. Literary evidence was also mentioned to ensure the concurrent validity of the mentioned results. The findings of this paper may add to the existing literature on the solutions to the burgeoning government expenditure and debt. Even more so, this article motivates researchers to explore the arising issues stemming from this particular
waqf implementation. |
format |
Article |
author |
Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira |
author_facet |
Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira |
author_sort |
Azrai Azaimi Ambrose, Azniza Hartini |
title |
The possibility of using waqf to finance the Malaysian federal government’s public expenditure |
title_short |
The possibility of using waqf to finance the Malaysian federal government’s public expenditure |
title_full |
The possibility of using waqf to finance the Malaysian federal government’s public expenditure |
title_fullStr |
The possibility of using waqf to finance the Malaysian federal government’s public expenditure |
title_full_unstemmed |
The possibility of using waqf to finance the Malaysian federal government’s public expenditure |
title_sort |
possibility of using waqf to finance the malaysian federal government’s public expenditure |
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Department of Southeast Asian Studies, Faculty of Arts and Social Sciences, University of Malaya |
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2018 |
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http://irep.iium.edu.my/69118/3/69118%20THE%20POSSIBILITY%20OF%20USING%20WAQF.pdf http://irep.iium.edu.my/69118/ https://jati.um.edu.my/index.php/jati/article/view/15322/9309 |
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