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Book Review: Islamic Financial Services, by: Mohammad Obaidullah, Reviewed by: Javaid Akhter مراجعة علمية لكتاب: الخدمات المالية الإسلامية - بقلم: محمد عبيد الله - مراجعة: جاويد أختر

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  • Javaid Akhter

    (Department of Business Administration Faculty of Management Studies and Research Aligarh Muslim University, Aligarh, India)

Abstract

This paper deals with the activation of the role of waqf as a means of solidarity and integration in the Arab World, through its historical constituents and how to re-implement this system inn prevailing world circumstances so that it can regain its position again. The Author examines the reasons behind the neglect of waqf at both the theoretical and practical levels and its confinement to only worship institutions without real effectiveness in the society. The paper contributes both theoretically and practically in rediscovering the role of waqf which can be used in activating the economic integration of the Arab World, especially that there is a vast common heritage on waqf in Arab countries. This paper also contribute in reviving the theoretical knowledge organising waqf and defining its developmental role taking into consideration the experiences of some Arab countries which managed to keep the system running as a model in activating the role of the society in participating in the economic development and integration of the Arab World.

Suggested Citation

  • Javaid Akhter, 2007. "Book Review: Islamic Financial Services, by: Mohammad Obaidullah, Reviewed by: Javaid Akhter مراجعة علمية لكتاب: الخدمات المالية الإسلامية - بقلم: محمد عبيد الله - مراجعة: جاويد أختر," Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. 274, King Abdulaziz University, Islamic Economics Institute..
    • Handle: RePEc:abd:jkaubr:274
    DOI: 10.4197/islec.20-1.9
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