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Risk Management in Waqf Institutions: A Preliminary Study

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dc.contributor.authorKhalid, M. M.en_US
dc.contributor.authorYaakob, M. A. Z.en_US
dc.contributor.authorBhari, A.en_US
dc.contributor.authorMohamed Yusof, M. F.en_US
dc.date.accessioned2024-05-29T07:38:05Z
dc.date.available2024-05-29T07:38:05Z
dc.date.issued2019
dc.description.abstractModern management practice has put greater emphasize on the principles of accountability and transparency. Along with the revival of Islamic institutions, there are call by the stakeholder for management of waqf institutions to adopt modern management practice to improve their efficiency in managing waqf asset. As part of good governance and best practices of waqf institutions, management of risk is fundamental to the proper functioning of any institution including waqf to ensure the accountability of mutawalli (waqf manager) and transparency of the management. Studies on risk management practices on Islamic institution indicate that risk come across in many different ways; financial, personnel, program and capital expenditure decisions due to interactions with economic, political and social environments. However, the dissimilarity of management practices of waqf asset could be due to the absence of risk management function for waqf institutions. This paper aims at exploring the major themes that constitute the basis of the discussion on accountability in waqf institutions. In doing this, the theoretical underpinnings and the existing research relating to waqf investment and its risk management practice are examined.en_US
dc.identifier.epage219
dc.identifier.issn2232-1047
dc.identifier.issue2
dc.identifier.spage207
dc.identifier.urihttp://jfatwa.usim.edu.my/index.php/jfatwa/article/view/258
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/13624
dc.identifier.volume16
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofJournal of Fatwa Management and Researchen_US
dc.sourceOpen Journal Systems
dc.subjectAccountabilityen_US
dc.subjectAuditen_US
dc.subjectInvestmenten_US
dc.subjectRisken_US
dc.subjectWaqfen_US
dc.subjectAccountabilityen_US
dc.subjectAuditen_US
dc.subjectInvestmenten_US
dc.subjectRisken_US
dc.subjectWaqfen_US
dc.titleRisk Management in Waqf Institutions: A Preliminary Studyen_US
dc.typeArticleen_US
dspace.entity.typePublication

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