Publication:
Maybank’s Corporate Waqf As An Islamic Finance Instrument In Boosting Economic Development And Community’s Prosperity

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dc.contributor.authorKhairil Faizal Khairien_US
dc.contributor.authorNur Hidayah Lailien_US
dc.contributor.authorHisham Sabrien_US
dc.date.accessioned2024-05-27T14:56:22Z
dc.date.available2024-05-27T14:56:22Z
dc.date.issued2015
dc.descriptionLife Science Journal 2015;12(4) http://www.lifesciencesite.comen_US
dc.description.abstractNowadays,practitioners and responsible government bodies in the Islamic finance industry have been recognized the potential of corporate waqf as a source of funding. A corporate waqf is an endownment of different sources by a founder with the intention that the corpus or principal should be managed by a trustee with the intention to earn an income that could be spent towards righteous purposes as designated by the founder. The aim is as designated waqf is valuable investment in this world and hereafter life. Waqf is one of financial instruments which has been applied since the early islamic period in Madinah in addressing issues related to economic development and community’s economic prosperity. This is because waqf has been successful in encouraging economic development through various aspects of social welfare to public. Maybank Islamic Berhad involvement in this field is an outburst that can build awareness, inculculate interest and public concern. It can yield the positive impact towards domain corporate social responsibility (CSR) especially from the aspect of development of waqf. Purpose of this article is to determine the uniqueness of corporate endowments featured by Maybank Islamic Berhad and to view its contribution to the economic development and community’s economic prosperity. The general findings of this study indicate that systematic implementation of corporate waqf is very useful in boosting the nation's economic development and community prosperity. Keywords: ‘ain’waqf, corporate waqf, economic prosperity, Islamic finance.en_US
dc.identifier.epage193
dc.identifier.issn1097-8135
dc.identifier.issue4
dc.identifier.other347-10
dc.identifier.spage189
dc.identifier.urihttp://www.lifesciencesite.com
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/3970
dc.identifier.volume12
dc.language.isoenen_US
dc.publisherLife Science Journal - Acta Zhengzhou University Overseas Editionen_US
dc.relation.ispartofLife Science Journalen_US
dc.subject‘ain’waqf,en_US
dc.subjectcorporate waqf,en_US
dc.subjecteconomic prosperity,en_US
dc.subjectIslamic finance.en_US
dc.titleMaybank’s Corporate Waqf As An Islamic Finance Instrument In Boosting Economic Development And Community’s Prosperityen_US
dc.typeArticleen_US
dspace.entity.typePublication

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