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Conceptualisation of a waqf asset management company in Malaysia

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dc.contributor.authorAhmad Zaidulkhair Haji Zainal
dc.contributor.supervisorZiyaad Mahomed
dc.date.accessioned2023-04-03T04:47:40Z
dc.date.available2023-04-03T04:47:40Z
dc.date.issued2021
dc.description.abstractWaqf has been established in Malaysia as a social instrument that is utilised for the purpose of charity and/or religious purposes. Despite the availability of waqf assets in Malaysia through property and unit trusts, initiatives taken by individual States' Islamic Religious Councils, and the establishment of JAWHAR at the federal level to coordinate development of waqf assets, the overall utilisation, development, and reach of waqf assets in achieving its intended purposes remain low. Differing approaches taken by the individual State Islamic Religious Councils are also evident. This research paper thus proposes the establishment of a centralised waqf asset management company to manage waqf assets, taking lessons from foreign experiences such as Kuwait and Singapore, which emulate a traditional asset management company to solve the underlying issue of the underdevelopment of the waqf assets. To achieve that, the study ascertains the need for a waqf asset management company and the required regulatory and operational framework required for the company to manage and develop waqf assets through the adoption of applicable Islamic debt and capital market instruments. For the structure of the waqf asset management company, we conduct a qualitative study on the literatures surrounding waqf in general. Then, we focus on the current issues surrounding waqf management in Malaysia and recent developments in waqf financing. Finally, we review waqf management in Kuwait and Singapore and apply the understanding and structures of their waqf management for the conceptualisation of a waqf asset management company in Malaysia.en_US
dc.identifier.citationHaji Zainal, A. Z. (2021). Conceptualisation of a waqf asset management company in Malaysia (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3753en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3753
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2021. INCEIF
dc.sourceSGPS
dc.subjectWaqfen_US
dc.subjectWaqf managementen_US
dc.subjectMalaysiaen_US
dc.subjectProject paper (eMIF)
dc.titleConceptualisation of a waqf asset management company in Malaysiaen_US
dc.typeMasteren_US
dlc.maintopicIslamic wealth management
dlc.subtopicWaqf
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable in physical copy (Call number: t BP 170.25 A286 2021) and PDF format. Kindly email to kmc@inceif.edu.my to access the item
ikr.topic.maintopicIslamic wealth managementen_US
ikr.topic.subtopicIslamic wealth management::Waqfen_US
relation.isAuthorOfPublication4f8b920e-6954-48c5-aa66-888d6fa99924
relation.isAuthorOfPublication4f8b920e-6954-48c5-aa66-888d6fa99924
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