Human and Economic Development Through Share Waqf (Waqf Corporate): The Case of GLCs in Malaysia

Life Science Journal, Vol. 11, Iss. 1, pp: 104-110, 2014

7 Pages Posted: 11 Jun 2014

See all articles by Khairil Faizal Khairi

Khairil Faizal Khairi

Universiti Sains Islam Malaysia (USIM), Malaysia

Muhammad Aziz

Universiti Sains Islam Malaysia (USIM)

Nur Laili

Universiti Sains Islam Malaysia (USIM)

Mohammad Nooh

Universiti Sains Islam Malaysia (USIM)

Hisham Sabri

Universiti Sains Islam Malaysia (USIM)

Mohd Yazis Ali Basah

Universiti Sains Islam Malaysia (USIM)

Date Written: January 14, 2014

Abstract

The institution of Waqf has played a significant role of providing opportunities in sharing the government’s fiscal needs and improving the communities and nation welfare throughout Islamic history. Waqf have a potential to became one of the important devices regarding the socio-economics realms in Muslim societies which will benefit the communities in term of education, health care, national security, transportation facilities, basic infrastructure, foods and job opportunities. The main objective of the current study is to explore the conceptual framework in improving the share waqf (waqf corporate) and identifies the uniqueness of the share waqf in Malaysia. In addition this study is to investigate the contribution of this type of share towards communities and nation welfare. The methodology of this study is a qualitative research based on the document analysis of relevant references. The interesting finding of this study indicates that the proper implementation of share waqf is very useful in developing the economic well being of the communities and nation especially if there is participation among GLCs.

Keywords: human development, share waqf, GLC, economic well being

Suggested Citation

Khairi, Khairil Faizal and Aziz, Muhammad and Laili, Nur and Nooh, Mohammad and Sabri, Hisham and Ali Basah, Mohd Yazis, Human and Economic Development Through Share Waqf (Waqf Corporate): The Case of GLCs in Malaysia (January 14, 2014). Life Science Journal, Vol. 11, Iss. 1, pp: 104-110, 2014. Available at SSRN: https://ssrn.com/abstract=2384269

Khairil Faizal Khairi (Contact Author)

Universiti Sains Islam Malaysia (USIM), Malaysia ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia
+6067986427 (Phone)

Muhammad Aziz

Universiti Sains Islam Malaysia (USIM)

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

Nur Laili

Universiti Sains Islam Malaysia (USIM)

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

Mohammad Nooh

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

Hisham Sabri

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

Mohd Yazis Ali Basah

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

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