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Development and Administration of the Institution of Waqf (Past and Present)

In: Financing the Development of Old Waqf Properties

Author

Listed:
  • Magda Ismail Abdel Mohsin

    (INCEIF – The Global University of Islami)

  • Hisham Dafterdar
  • Murat Cizakca

    (Ucuncu Nilufer Caddesi)

  • Syed Othman Alhabshi
  • Shaikh Hamzah Abdul Razak

    (INCEIF – The Global University of Islami)

  • Seyed Kazem Sadr

    (INCEIF – The Global University of Islami)

  • Thamina Anwar

    (OrgName)

  • Mohammed Obaidullah

    (Islamic Research and Training Institute)

Abstract

During the early period of the Islamic civilization, the role of the institution of waqf covered almost all service sectors, such as health, education, basic infrastructures, business and commercial activities, job creation, food provision for the hungry and the animals, shelter provision for the poor and needy, in addition to supporting the agricultural and industrial sectors without any cost to the government. However, this role has deteriorated since the beginning of the nineteenth century up to the present time. Such that the situation of all waqf properties is that of idleness, neglect and unproductiveness in almost all Muslim societies. This situation forced individuals, governments and companies to revive this institution. The beginning of the twenty-first century thus witnessed a revival of all Islamic financial institutions, including the institution of waqf.

Suggested Citation

  • Magda Ismail Abdel Mohsin & Hisham Dafterdar & Murat Cizakca & Syed Othman Alhabshi & Shaikh Hamzah Abdul Razak & Seyed Kazem Sadr & Thamina Anwar & Mohammed Obaidullah, 2016. "Development and Administration of the Institution of Waqf (Past and Present)," Palgrave Studies in Islamic Banking, Finance and Economics, in: Financing the Development of Old Waqf Properties, chapter 0, pages 13-20, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-58128-0_2
    DOI: 10.1057/978-1-137-58128-0_2
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