Proposing models of Unit Trust Waqf
This paper aims to present the viability of unit trust waqf as an alternative asset class for waqf creation. The paper provides the conceptual framework of four models of unit trust waqf and their investment management parameters. This paper starts with the conceptual exploration of the literature...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
Emerald Publishing
2019
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/89845/1/89845_Proposing%20models%20of%20Unit%20Trust%20Waqf.pdf http://irep.iium.edu.my/89845/7/89845_Proposing%20models%20of%20Unit%20Trust%20Waqf.pdf http://irep.iium.edu.my/89845/ https://www.emerald.com/insight/content/doi/10.1108/IJIF-02-2018-0019/full/html https://doi.org/10.1108/IJIF-02-2018-0019 |
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| Summary: | This paper aims to present the viability of unit trust waqf as an alternative asset class for waqf creation. The paper
provides the conceptual framework of four models of unit trust waqf and their investment management parameters. This
paper starts with the conceptual exploration of the literature in the area of waqf, which are sourced from authentic
sources of Al-Quran and Al-Hadith, as well as secondary sources such as books, journal articles and online resources.
The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring
sustainable return for waqf, by introducing the conceptual models for unit trust waqf as the viable mechanisms to pool
more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trust is
preserved through the parameters for its application as proposed toward the end of the paper |
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