Publication:
Islamic Unit Trust Waqf: References from PMB Investment Berhad.

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dc.contributor.authorAnuar, Mohamad Saufeeen_US
dc.contributor.authorSulaiman, Syahnazen_US
dc.contributor.authorHanapiyah, Zulkefli Muhamaden_US
dc.contributor.authorIbrahim, Mahanien_US
dc.date.accessioned2024-05-28T05:46:10Z
dc.date.available2024-05-28T05:46:10Z
dc.date.issued2021
dc.date.submitted2022-4-26
dc.descriptionGlobal Business and Management Research: An International Journal Vol. 13, No. 4s (2021)en_US
dc.description.abstractPurpose: Development of the industry in the form of collective investment has become an important factor in the Malaysian Financial System, especially the industry in the field of unit trusts. Islamic unit trusts prioritise quantitative and qualitative criteria set by Syariah guidelines. Waqf is a way to help the socio-economy development of the ummah and investment is an initiative to grow one's assets. This study displays a waqf model of Islamic unit trust that has been launched by PMB Investment Berhad (PMBI) to expand and sustain the existing waqf assets. Design/methodology/approach: This study was used a qualitative approach by focus group and web-based document to gain in-depth understanding of waqf mechanism that apply in unit trust investment and the benefits consist of asset or investment growth, investment protection via takaful coverage and charitable endowment under Islamic law (waqf). Findings: The result of this study found a new framework of unit trust waqf model that consist of three elements of waqf that contribute from income distribution, management fee and takaful protection. Research limitations/implications: The findings of the present study indicate that unit trust waqf concept are the important determinants on the sustainability of Waqf institutions with innovation instrument of investment to develop and sustain waqf assets. Practical implications: The findings of this study can help Islamic Fund Management company and unit trust industry to diversify and multiply new waqf funds with the privileges of waqf combine elements of investment and takaful. Originality/value: This framework is important in the process of helping and developing the socio-economy of the ummah and it can be used as a reference in efforts to further develop ideas and research on waqf by investment and takaful in the future. Copyright of Global Business & Management Research is the property of Global Business & Management Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.en_US
dc.identifier.epage492
dc.identifier.issn1947-5667
dc.identifier.issue4
dc.identifier.other2138-21
dc.identifier.spage479
dc.identifier.urihttp://www.gbmrjournal.com/pdf/v13n4s/V13N4s-43.pdf
dc.identifier.urihttps://web.p.ebscohost.com/abstract?site=ehost&scope=site&jrnl=19475667&AN=155251234&h=64tgLva%2frUkua2iSDsOdGP7UlnOuZHKRLNt7hrOTMSx1Xon81j0uekfsoZjSZICPhvaT0nHxArVNo2m1MlMgQw%3d%3d&crl=c&resultLocal=ErrCrlNoResults&resultNs=Ehost&crlhashurl=login.aspx%3fdirect%3dtrue%26profile%3dehost%26scope%3dsite%26authtype%3dcrawler%26jrnl%3d19475667%26AN%3d155251234
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/6425
dc.identifier.volume13
dc.language.isoenen_US
dc.publisherUniversal Publishers - Boca Raton, Florida, USAen_US
dc.relation.ispartofGlobal Business and Management Research: an International Journalen_US
dc.subjectMalaysia, Investment, Islamic unit trust, Unit trust waqf, Mutual fund, Syariahen_US
dc.titleIslamic Unit Trust Waqf: References from PMB Investment Berhad.en_US
dc.typeArticleen_US
dspace.entity.typePublication

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