Way Forward For Waqf Implementation In Malaysia And Beyond

Wan Mohtar Wan Yusoff; Mohd Afandi  Mat Rani; Mohd Izzat Amsyar  Mohd Arif; Faezy  Adenan

Authors

Wan Mohtar Wan Yusoff Presiden Koperasi UNIKEB Berhad
Mohd Afandi Mat Rani Associate Profesor
Mohd Izzat Amsyar Mohd Arif Senior Lecturer
Faezy Adenan Lecturer

Keywords:

Waqf, Finance, Organization, Cash, Collections

Abstract

Waqf has existed as an important Islamic finance organization. Waqf institutions, specifically Majlis Agama Islam Negeri (MAIN) are responsible for utilizing cash waqf collections to build meaningful initiatives that benefit society. This study aim to review the current implementation and potential of waqf in the future. The content analysis was conducted from related sources including documents and journals to achieve the objective. Based on the analysis, the study founds that all the waqf entities played significant roles to strengthen the MAIN in empowering the administration, management, and developmentof waqf in Malaysia.

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Author Biographies

Wan Mohtar Wan Yusoff, Presiden Koperasi UNIKEB Berhad

Universiti Kebangsaan Malaysia (UKM), Bangi, Selangor.

Mohd Afandi Mat Rani, Associate Profesor

Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM) Shah Alam

Mohd Izzat Amsyar Mohd Arif , Senior Lecturer

Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM) Shah Alam

Faezy Adenan, Lecturer

Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM) Shah Alam

References

Journal

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Chowdhury, Md Shahedur Rahaman, Iftekhar Amin, Mohd Zulkifli Muhammad, Modh. Rushdan Yasoa. 1970. Problems of WAQF administration and proposals for improvement: A study in Malaysia. The Journal of Internet Banking and Commerce 17(1), 1-8.

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Conference

Dahlia Ibrahim And Haslindar Ibrahim. 2013. Revival Of Waqf Properties In Malaysia. Paper Proceeding Of The 5th Islamic Economics System Conference (IECONS, 2013), "Sustainable Development Through The Islamic Economics System". Berjaya Times Square Hotel, Kuala Lumpur, 4-5th September 2013.

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Thesis

Siraj, Siti Alawiah. 2012. An Empirical Investigation Into The Accounting, Accountability, And Effectiveness Of Waqf Management In Malaysia's State Islamic Religious Councils (SIRCS). Thesis. Doctor of Philosophy, Cardiff University.

Internet

Mohd Izzat Amsyar Mohd Arif. 2019. Akta Wakaf Penuhi Keperluan Semasa. https://www.bharian.com.my/rencana/komentar/2019/04/549077/akta-wakaf-penuhi-keperluan-semasa (accessed on 12 May 2020)

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