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The role of share waqf in the socio-economic development of the Muslim community: The Malaysian experience

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dc.contributor.authorFarhana Mohamad Suhaimien_US
dc.contributor.authorAsmak Ab Rahmanen_US
dc.contributor.authorSabitha Maricanen_US
dc.date.accessioned2024-05-28T03:48:30Z
dc.date.available2024-05-28T03:48:30Z
dc.date.issued2014
dc.description.abstractPurpose This study aimed to analyse the role of the Waqf Fund Scheme, by taking Penang (or Pulau Pinang) as one of the states in Malaysia as a sample of the study. Waqf Fund Scheme was established by the Islamic Religious Council of Penang, Majlis Agama Islam Negeri Pulau Pinang (MAINPP), in an effort to develop the economy of the Muslim community in the state. Design/methodology/approach This study analysed the contribution that this endowment fund makes towards a comprehensive scheme of economic development, namely, in terms of the economic, spiritual and social welfare of the Muslim community in Penang. The primary source of data was obtained through interviews conducted by the researcher with the Manager of the Waqf Fund Scheme, the Head of Administration and Finance Section and the Account Executive of MAINPP. The researcher also interviewed respondents from four institutions that were beneficiaries of the Waqf Fund Scheme. Findings The findings of this research show that the endowment fund scheme plays an important role in the economic development of the Muslim community in Penang. The Waqf Fund Scheme contributes by way of providing a financing facility towards the acquisition of waqf assets or through cash support channelled to associations or committees of a masjid. Research limitations/implications This study only focuses on Waqf Fund Scheme which was established by MAINPP. Practical implications This study is expected to contribute to the improvement of the Waqf Fund Scheme management. Originality/value The paper is the first attempt to address the Waqf Fund Scheme contributions by MAINPP, particularly in Penang.en_US
dc.identifier.citationMohamad Suhaimi, F., Ab Rahman, A. and Marican, S. (2014), "The role of share waqf in the socio-economic development of the Muslim community: The Malaysian experience", Humanomics, Vol. 30 No. 3, pp. 227-254. https://doi.org/10.1108/H-12-2012-0025en_US
dc.identifier.doi10.1108/H-12-2012-0025
dc.identifier.epage254
dc.identifier.issn0828-8666
dc.identifier.issue3
dc.identifier.other2136-1
dc.identifier.spage227
dc.identifier.urihttps://www.emerald.com/insight/content/doi/10.1108/H-12-2012-0025/full/html
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/5100
dc.identifier.volume30
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Limiteden_US
dc.relation.ispartofHumanomicsen_US
dc.subjectMalaysia, Cash waqf, Islamic economic development, Waqf fund, Waqf management, Muslim communityen_US
dc.titleThe role of share waqf in the socio-economic development of the Muslim community: The Malaysian experienceen_US
dc.typeArticleen_US
dspace.entity.typePublication

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