View source for Integrating Waqf and Islamic Finance by Habib Ahmed




== Top 20 FREQUENT WORDS ==
waqf 88
services 18
financial 16
sector 13
assets 12
awqaf 12
financing 12
management 12
based 10
islamic 10
mfi 10
social 9
takaful 8
trust 8
asset 7
contemporary 7
institutions 7
introduction 7
status 7
sukuk 7



== DOCUMENT KEY POINTS ==
*potential of waqf in enhancing welfare type religious philanthropic beneficiaries social family a b general public c d i type aa not too common tombs i type ba waqf for family members i type c a mosques graveyards etc
*i type da waqf for enhancing welfare

*waqfa historical experience i the first waqf created by the prophet pbuh was masjid in medinah i other than these the first known awqaf were established for social purposes i umar bin khattaba land of khaybar i uthman bin affana well in madinah i thereafter many different kinds of waqf were created i public utilities education and research health care etc
*i property cash grains for seeds etc

*waqfa historical experience i at the dissolution of ottoman empirea of the land and buildings in some turkish towns were awqaf i in some muslim countries awqaf reached rd or more of cultivable land i at the beginning of th century i in palestine waqf deeds recorded owning properties compared to private ownership deeds with properties i al quds had operating schools supported by awqaf more than the no
*of mosques

*fatawa on waqf i zarqaa other than the concept of birr everything in waqf is under the realm of ijtihad i the waqf deed is binding i the organizational format and governance structure is up to the founder i in certain cases waqf can be exchanged substituted istibdal i default of waqf in case of loss of waqf deed absence of beneficiaries etc
*a used for poor and needy

*integrating waqf with the financial sector i while there are different issues related to development of waqf here we examine how it can benefit by integrating with the financial sector i waqf and the financial sector
*supply side output from waqf

*waqf financing through sukuk i singaporea musharakah sukuk used to raise million to develop projects i waqf provided the land the investors sukuk holders provided the funds for investment and warees managed the project
*i in one case a new mosque was built with attached commercial property earning annually

*services provided by waqf management organization

*services of mutawally i review implement waqf terms i develop and implement investment strategies for waqf assets i collect distribute reinvest income from waqf assets i maintain all accounting records and provide regular information to beneficiaries i fulfill financial obligations related to assets e
*paying bills taxes etc i seek legal counsel when needed

*w mfi special features for operations i to keep the corpus capital of the waqf intacta steps needed to preserve and enhance the value of the waqf i appropriate asset allocation strategies required i long term vs
*high risk return i need to create a reserve for negative shocks


 ''Please note, This is an auto generated summary based on sentances position in the document and other factors''
== DOCUMENT WORD ANALYSIS ==
=== Main Category ===
: AlHuda Material\riba


=== KeyWords ===
islam financ bankand asset fund mfi inflated financi mfis profit contract invest risk return increase price credit usuria waqf costly



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== DOCUMENT REFERENCES ==


=== Number of Pages ===
37


=== Published Date ===
2016-09-17 00:51:07


== Full Document ==


[https://www.hodhood.com/en/HodHoodDocuments/IslamicFinance/Riba/Integrating%20Waqf%20%20and%20Islamic%20Finance%20by%20Habib%20Ahmed.pdf Read the Full Document]


[[Category:Islamic Finance]]

[[Category: Riba]]