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How Corporate Awqaf Can Support SDGs?

In: Islamic Wealth and the SDGs

Author

Listed:
  • Rusni Hassan

    (Institute of Islamic Banking and Finance, International of Islamic University of Malaysia (IIiBF/IIUM))

  • Fatimah Mohamad Noor

    (Institute of Islamic Banking and Finance, International of Islamic University of Malaysia (IIiBF/IIUM))

Abstract

There has been a lack of studies that highlight the potential roles of corporate waqf in supporting Sustainable Development Goals (SDGs) even though both concepts share the same objective to improve the socio-economic development of all human beings. For instance, it is the central role of waqf generally and corporate waqf mainly to provide continuous benefit for the poor and the needy such the aspects of education, health and providing financial assistance. These aspects genuinely reflect some of the goals in the SDGs. Thus, it is the aim of the study to explore the potential role of corporate waqf in supporting SDGs by examining the experiences of selected corporate waqf institutions in Malaysia and Singapore. Analysing the potential role of corporate waqf could perhaps bridge the gaps between the objective of corporate waqf and SDGs so that the impact on the policy made not only incongruent with the Shariah principles but also the SDGs. It is hoped that this alignment could expand the current role of corporate waqf to achieve more holistic socio-economic development goal at the national and global level. This study is organized into five sections, and they are introduction, literature review, research methodology, the experience of selected corporate waqf institutions in Malaysia and Singapore and conclusion.

Suggested Citation

  • Rusni Hassan & Fatimah Mohamad Noor, 2021. "How Corporate Awqaf Can Support SDGs?," Springer Books, in: Mohd Ma'Sum Billah (ed.), Islamic Wealth and the SDGs, chapter 0, pages 539-557, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65313-2_28
    DOI: 10.1007/978-3-030-65313-2_28
    as

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