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The role of waqf in sustainable economic development

In: Islamic Social Finance

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Abstract

This chapter accentuates the relationship between Sustainable Development Goals (SDGs) and waqf. Ending poverty is one of the criteria getting attention in relation to SDGs and waqf plans. The relations between SDGs and waqf are presented in achievement and development forms. First, this chapter briefly explains the 17 goals of the SDGs and shows how SDGs connect with waqf, followed by the participation of the government in managing waqf practices. Next, the discussion is about the participation of the United Nations Development Programme (UNDP) initiatives in developing countries, including the waqf development approach in Malaysia. Finally, the roles of waqf as the third sector economy are presented. The third sector is a voluntary sector where the primary objective is not for profit but rather to defend and safeguard the welfare of society. The higher the public involvement in volunteer activities, the more significant the role of the third sector in building and enhancing a country's socioeconomic status.

Suggested Citation

  • ., 2023. "The role of waqf in sustainable economic development," Chapters, in: Islamic Social Finance, chapter 2, pages 14-34, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21881_2
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    Cited by:

    1. Ogutu B. Osoro & Edward J. Oughton & Andrew R. Wilson & Akhil Rao, 2023. "Sustainability assessment of Low Earth Orbit (LEO) satellite broadband megaconstellations," Papers 2309.02338, arXiv.org, revised Mar 2024.
    2. Faycal Farhi & Riadh Jeljeli & Radouane Slamene & Merhan Mohsen & Khaled Zamoum, 2023. "Towards Communication in Achieving Sustainable Economic Development Goals: The Role of Communication in UAE Media Institutions," Sustainability, MDPI, vol. 15(10), pages 1-17, May.
    3. Hamed, A.S.A. & Yusof, N.I.F.M. & Yahya, M.S. & Cardozo, E. & Munajat, N.F., 2023. "Concentrated solar pyrolysis for oil palm biomass: An exploratory review within the Malaysian context," Renewable and Sustainable Energy Reviews, Elsevier, vol. 188(C).

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    Keywords

    Economics and Finance;

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