The Significance of WAQF for Economic Development

Jurnal Equilibrium, Vol. 2, No.1, Juni 2014, pp 19-34

16 Pages Posted: 6 Jul 2017

Date Written: 2014

Abstract

There is an opinion among Western scholars that the institution of waqf could not any longer perform its economic role in the present times. Instead of being a vital institution as it truly played at the pre-modern era, waqf nowadays seems to be an impediment to the development in Muslim countries. This paper therefore is meant to refute such an opinion and attempts to point out the economic impacts of waqf for Muslim society in the context of the present economy. In the last part, the paper also brings about several necessary prerequisites for the revitalization of waqf in the current days.

Keywords: waqf, economic development, income distribution, poverty, deficit financing

Suggested Citation

Budiman, Mochammad Arif, The Significance of WAQF for Economic Development (2014). Jurnal Equilibrium, Vol. 2, No.1, Juni 2014, pp 19-34, Available at SSRN: https://ssrn.com/abstract=2995473

Mochammad Arif Budiman (Contact Author)

Politeknik Negeri Banjarmasin, Indonesia ( email )

Jl. Brigjend. H. Hasan Basri
Banjarmasin, Kalimantan Selatan 70123
Indonesia

HOME PAGE: http://www.poliban.ac.id

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