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Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia

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Main Authors: Siti Normala, Sheikh Obid, Rashedul, Hasan
Format: Article
Language:English
Published: Center for Communication Technology And Human Development (UniMAP) 2019
Subjects:
Waqf
LAKIM
Education
Governance
Trust
Malaysia
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/57971
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spelling my.unimap-579712019-01-18T01:22:51Z Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia Siti Normala, Sheikh Obid Rashedul, Hasan Waqf LAKIM Education Governance Trust Malaysia Link to publisher's homepage at http://johdec.unimap.edu.my Waqf is a charitable vehicle in Islam with the ability to contribute toward deep socio-economic development. This paper focuses on the ability of a Public Trust Foundation toward collective development through a fund disbursement system similar to Waqf. The study utilises secondary data gathered through document analysis to portray various contributions made by LAKIM in educational development and challenges faced by the institutions along the way. Efficiency and Agency theory are used as a basis to explain the performance of LAKIM in managing Waqf fund and develop a conceptual framework for collective development. This study addressed several legal, administrative, accounting and management issues that are affecting Waqf’s ability toward contributing toward educational development in Malaysia. Differences between western institutions and LAKIM are drawn with clear examples, and evidence of efficient performance in managing Waqf fund are highlighted through the study. Primary data through survey and interviews could not be provided due to the conceptual nature of the paper. Issues addressed by the paper will allow stakeholders to understand the true potential of Waqf in making sustainable development by contributing to the educational sector. Studies on Waqf in Malaysia have previously focused on the State Islamic Religious Councils (SIRCs) while this study is the first to introduce LAKIM, a private Trust that contributes toward educational and social development. 2019-01-18T01:22:51Z 2019-01-18T01:22:51Z 2017 Article Journal of Human Development and Communication (JoHDEC), vol.6, 2017, pages 15-32 2289-2702 http://dspace.unimap.edu.my:80/xmlui/handle/123456789/57971 http://johdec.unimap.edu.my/ en Center for Communication Technology And Human Development (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Waqf
LAKIM
Education
Governance
Trust
Malaysia
spellingShingle Waqf
LAKIM
Education
Governance
Trust
Malaysia
Siti Normala, Sheikh Obid
Rashedul, Hasan
Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia
description Link to publisher's homepage at http://johdec.unimap.edu.my
format Article
author Siti Normala, Sheikh Obid
Rashedul, Hasan
author_facet Siti Normala, Sheikh Obid
Rashedul, Hasan
author_sort Siti Normala, Sheikh Obid
title Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia
title_short Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia
title_full Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia
title_fullStr Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia
title_full_unstemmed Challenges of Collective Development through Islamic Endowments – Case of LAKIM in Malaysia
title_sort challenges of collective development through islamic endowments – case of lakim in malaysia
publisher Center for Communication Technology And Human Development (UniMAP)
publishDate 2019
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/57971
_version_ 1643805482698145792
score 13.214268

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