IDEAS home Printed from https://ideas.repec.org/p/ris/irtipp/2018_003.html

Waqf Resource Mobilization for Poverty Alleviation Based on Maqasid Framework

Author

Listed:
  • Khalifa M. Ali Hassanain

    (The Islamic Research and Teaching Institute (IRTI))

Abstract

This study adopts the framework practiced by various multilateral development banks (MDBs), particularly International Development Association (IDA), to explore the potential establishment of a global Waqf fund, as this framework is proven effective. The framework revolves around the IDA operations with replenishments, allocation of funds by implementing specific formulas and the determination approach, which is mainly to monitor effectiveness of the earlier processes. The study proposes to integrate Islamic vision of development based on Maqasid al-Shari’ah with IDA principles for the allocation of funds for a potentially global Waqf fund. The objective is to create more effective approach for raising and using resources for a global Waqf fund.

Suggested Citation

  • Khalifa M. Ali Hassanain, 2018. "Waqf Resource Mobilization for Poverty Alleviation Based on Maqasid Framework," Policy Papers 2018-3, The Islamic Research and Teaching Institute (IRTI).
    • Handle: RePEc:ris:irtipp:2018_003
    as

    Download full text from publisher

    File URL: http://www.irti.org/English/Research/Documents/PP/PP-2018-03.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Khalifa M. HASSANAIN, 2016. "Waqf for Poverty Alleviation: Challenges and Opportunities," Journal of Economic and Social Thought, KSP Journals, vol. 3(4), pages 509-520, December.
    2. Rafi Amir-Ud-Din, 2014. "Maqāṣid al-Sharīʿah: Are We Measuring The Immeasurable?," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 22, pages 1-32.
    3. Shaikh, Salman Ahmed, 2015. "Developing an Index of Socio-Economic Development Consistent with Maqasid Al-Shari’ah," MPRA Paper 68746, University Library of Munich, Germany.
    4. Dollar, David & Levin, Victoria, 2004. "Increasing selectivity of foreign aid, 1984-2002," Policy Research Working Paper Series 3299, The World Bank.
    5. Khalifa M. HASSANAIN, 2016. "Waqf for Poverty Alleviation: Challenges and Opportunities," Journal of Economic and Social Thought, EconSciences Journals, vol. 3(4), pages 509-520, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stijn Claessens & Danny Cassimon, 2007. "Empirical evidence on the new international aid architecture," WEF Working Papers 0026, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    2. Joseph Forson, 2015. "Corruption, EU Aid Inflows and Economic Growth in Ghana: Cointegration and Causality Analysis," Managing Intellectual Capital and Innovation for Sustainable and Inclusive Society: Managing Intellectual Capital and Innovation; Proceedings of the MakeLearn and TIIM Joint International Conference 2,, ToKnowPress.
    3. Peter Nunnenkamp & Rainer Thiele, 2006. "Targeting Aid to the Needy and Deserving: Nothing But Promises?," The World Economy, Wiley Blackwell, vol. 29(9), pages 1177-1201, September.
    4. Robert Utz, 2010. "Will Countries that Receive Insufficient Aid Please Stand Up?," World Bank Publications - Reports 27572, The World Bank Group.
    5. Mina Baliamoune-Lutz, 2007. "Institutions, Trade, and Social Cohesion in Fragile States," ICER Working Papers 24-2007, ICER - International Centre for Economic Research.
    6. Denis Cogneau & Sylvie Lambert, 2006. "L'aide au développement et les autres flux nord-sud : Complémentarité ou substitution ?," OECD Development Centre Working Papers 251, OECD Publishing.
    7. Patrick GUILLAUMONT, 2008. "Adapting Aid Allocation Criteria to Development Goals," Working Papers P01, FERDI.
    8. Patrick Guillaumont, 2005. "Pourquoi donner de l'aide ? Commentaires autour de la notion de sélectivité," Revue d’économie du développement, De Boeck Université, vol. 13(2), pages 51-60.
    9. Dovern, Jonas & Nunnenkamp, Peter, 2006. "Aid and growth accelerations: An alternative approach to assess the effectiveness of aid," Kiel Working Papers 1296, Kiel Institute for the World Economy.
    10. Humphrey, Chris & Michaelowa, Katharina, 2013. "Shopping for Development: Multilateral Lending, Shareholder Composition and Borrower Preferences," World Development, Elsevier, vol. 44(C), pages 142-155.
    11. Jean‐Claude Berthélemy, 2006. "Bilateral Donors’ Interest vs. Recipients’ Development Motives in Aid Allocation: Do All Donors Behave the Same?," Review of Development Economics, Wiley Blackwell, vol. 10(2), pages 179-194, May.
    12. Patrick Guillaumont & Laurent Wagner, 2014. "Aid Effectiveness for Poverty Reduction: Lessons from Cross‑country Analyses, with a Special Focus on Vulnerable Countries," Revue d’économie du développement, De Boeck Université, vol. 22(HS01), pages 217-261.
    13. Bag, Parimal Kanti & Roy Chowdhury, Prabal, 2016. "Gradualism in aid and reforms," Journal of International Economics, Elsevier, vol. 103(C), pages 108-123.
    14. Axel Dreher & Peter Nunnenkamp & Rainer Thiele, 2008. "Does US aid buy UN general assembly votes? A disaggregated analysis," Public Choice, Springer, vol. 136(1), pages 139-164, July.
    15. Riccardo Settimo & Claudia Maurini, 2009. "Assessing the allocation of Italian foreign aid," Questioni di Economia e Finanza (Occasional Papers) 43, Bank of Italy, Economic Research and International Relations Area.
    16. Torres, Magui Moreno & Anderson, Michael, 2004. "Fragile States: Defining Difficult Environments For Poverty Reduction," PRDE Working Papers 12822, Department for International Development (DFID) (UK).
    17. Heyneman, Stephen P. & Lee, Bommi, 2016. "International organizations and the future of education assistance," International Journal of Educational Development, Elsevier, vol. 48(C), pages 9-22.
    18. Subhayu Bandyopadhyay & Sajal Lahiri & Javed Younas, 2013. "Financing growth: foreign aid vs. foreign loans," Working Papers 2013-031, Federal Reserve Bank of St. Louis.
    19. Arshad Zaman & Asad Zaman, 2001. "Interest And The Modern Economy," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 8, pages 61-74.
    20. Hagen, Rune Jansen, 2004. "Foreign Aid and Domestic Politics Implications for Aid Selectivity," Working Papers 04-12, Cornell University, Center for Analytic Economics.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:irtipp:2018_003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Research Division (email available below). General contact details of provider: https://edirc.repec.org/data/irisbsa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.