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Description
Waqf (Endowment): A Vehicle for Islamic Social Entrepreneurship
Author: Thamina Anwar, 2017 (Hardcover)
ISBN 978-967-0149-86-8, 171 pages
Publisher: Islamic Banking and Finance Institute Malaysia (IBFIM)
Waqf institutions have played a pivotal socio-economic role in the Islamic history and financed many of the welfare services for the betterment of communities. However, currently a vast majority of awqāf assests are hoarded in banks and in the form of unproductive land which is hampering the circulation wealth from the rich to the poor. This is in contrast to the role of waqf as a platform for re-circulation of wealth in society.
As the inequality in the gap between the rich and poor has widened in the recent years, there has been a considerable increase in poverty, both in the developed and developing worlds. Therefore, there is a need to revitalize waqf in order to empower marginalized communities and narrow the gap in wealth inequality between the rich and poor.
This book goes back into the drawing book in order to provide insights into the fundamentals of waqf and uncover solutions from Islamic perspectives. It calls for investing waqf assets in social entrepreneurship practices and outlines the modus operandi of the waqf-SE model. This is the foundation of waqf as a social enterprise.
