Sulaiman, Syahnaz and Hasan, Aznan and Noor, Azman Mohd and Ismail, Muhd Issyam and Noordin, Nazrul Hazizi,(2019), Proposed models for unit trust waqf and the parameters for their application. , International Journal of Islamic Finance Vol. 11 No. 1, 2019 pp. 62-81, UNSPECIFIED
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Abstract
Purpose – This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative
asset class for waqf creation.
Design/methodology/approach – This paper starts with the conceptual exploration of the literature in
the areas of waqf. The sources of the literature cover authentic sources of the Qurʾan and hadīth,as well as
secondary sources such as books, journal articles and online resources.
Findings – This paper provides the conceptual framework of five models of unit trust waqf and their investment management parameters.
Originality/value – The novelty of this paper lies in its attempt to highlight the importance of waqf investment strategy in ensuring sustainable returns for waqf. It does so by introducing the conceptual models of unit trust waqf as viable mechanisms to pool more cash waqf from individual investors. The sustainability of the capital waqf assets in the form of unit trusts is maintained through the parameters for its application
proposed towards the end of the paper.
Keywords : | Malaysia, Islamic finance, Waqf, Capital market, Endowment, Unit trust, UNSPECIFIED |
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Journal or Publication Title: | International Journal of Islamic Finance Vol. 11 No. 1, 2019 pp. 62-81 |
Volume: | 11 |
Number: | 1 |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Heru Prastyo |
Date Deposited: | 16 Dec 2019 07:32 |
Last Modified: | 16 Dec 2019 07:32 |
URI: | https://repofeb.undip.ac.id/id/eprint/219 |