Waqf Trust As An Islamic Asset Management Instrument: Challenges And Opportunities In Malaysia
Wakaf Amanah Sebagai Instrumen Pengurusan Harta Islam: Cabaran Dan Peluang Di Malaysia
DOI:
https://doi.org/10.64757/alqanatir.2025.3404/1231Keywords:
Waqf Trust, Conditional Waqf, Temporary Waqf, Asset Management, Legal FrameworkAbstract
Waqf trust or waqf after death has the potential to contribute to socio-economic development; however, its implementation in Malaysia faces various challenges, particularly in asset management and legal inconsistencies. This study aims to explore the challenges and potential of managing waqf after death and to propose solutions for improving its effectiveness. There is a lack of a comprehensive legal framework, as well as limited public awareness and insufficient active involvement from authorities in managing waqf after death. The main objective of this study is to analyze the factors influencing waqf management after death and to suggest practical solutions for its improvement. This research uses a qualitative approach through literature analysis on legal aspects and waqf management practices. The findings indicate that inconsistent regulations and a lack of professional training in waqf management are among the key obstacles. This study suggests establishing a standardized legal framework nationwide, along with incentives for active government and State Islamic Religious Council (MAIN) involvement. These findings provide recommendations for policymakers and waqf administrators to develop a more professional and efficient waqf management system, ultimately maximizing its social and economic impact in Malaysia.
Abstrak
Wakaf amanah atau wakaf selepas kematian mempunyai potensi untuk menyumbang dalam pembangunan sosio-ekonomi, tetapi pelaksanaannya di Malaysia menghadapi pelbagai cabaran, terutamanya dalam pengurusan aset dan ketidakseragaman perundangan. Kajian ini bertujuan untuk menyelidik cabaran dan potensi dalam pengurusan wakaf amanah selepas kematian serta mencadangkan penyelesaian untuk meningkatkan keberkesanannya. Terdapat kekurangan rangka kerja undang-undang yang menyeluruh, serta kurangnya kesedaran masyarakat dan penglibatan aktif pihak berkuasa dalam pengurusan wakaf selepas kematian. Objektif utama kajian ini adalah untuk menganalisis faktor-faktor yang mempengaruhi pengurusan wakaf amanah selepas kematian dan mencadangkan pendekatan penyelesaian untuk meningkatkan keberkesanannya. Kaedah yang digunakan melibatkan analisis kualitatif melalui kajian literatur berkaitan undang-undang dan amalan pengurusan wakaf. Hasil kajian menunjukkan bahawa undang-undang yang tidak seragam dan kekurangan latihan profesional dalam pengurusan wakaf adalah antara halangan utama. Kajian ini mencadangkan supaya rangka kerja undang-undang yang seragam di seluruh negara diperkenalkan, bersama-sama dengan insentif untuk penglibatan aktif pihak kerajaan dan MAIN. Penemuan ini memberi saranan kepada pembuat dasar dan pengurus wakaf untuk memperkukuh sistem pengurusan yang lebih profesional dan berdaya saing, dengan harapan dapat mempertingkatkan impak sosial dan ekonomi melalui pengurusan wakaf selepas kematian yang lebih cekap di Malaysia.
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Copyright (c) 2025 Ahmad Ikmaluddin Ibrahim, Faezy Adenan, Mohd Izzat Amsyar Mohd Arif, Wan Noor Hazlina Wan Jusoh, Mohd Afandi Mat Rani
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