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Waqfintech and sustainable socio-economic development

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dc.contributor.authorMagda Ismail Abdel Mohsin
dc.date.accessioned2019-11-11T07:36:30Z
dc.date.available2019-11-11T07:36:30Z
dc.date.issued2019
dc.description.abstractThis paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial technology. One major limitation of this paper is that it does not discuss the regulatory and operational details of how to institutionalise blockchain technology in different regions. This paper intends to inspire Islamic financial institutions and waqf institutions to harness the potential of waqfintech to raise funds in an effective way.en_US
dc.identifier.citationIsmail Abdel Mohsin, Magda. (2019). Waqfintech and sustainable socio-economic development. International Journal of Management and Applied Research, 6 (3), pp. 130-141.en_US
dc.identifier.doihttps://doi.org/10.18646/2056.63.19-009
dc.identifier.issn2056-757X
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3129
dc.languageEnglish
dc.language.isoenen_US
dc.publisherNew Millennium Discoveriesen_US
dc.rights2019. New Millennium Discoveries
dc.sourceSEDONA
dc.subjectWaqfintechen_US
dc.subjectWaqfcrowden_US
dc.subjectWaqfcoinen_US
dc.subjectCash Waqfen_US
dc.subjectCrowdfundingen_US
dc.subjectBlockchainen_US
dc.subjectCryptocurrencyen_US
dc.titleWaqfintech and sustainable socio-economic developmenten_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic wealth management
dlc.subtopicWaqf
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic wealth managementen_US
ikr.topic.subtopicWaqfen_US
relation.isAuthorOfPublication5feba01d-72e9-4aba-a60c-8dc324109969
relation.isAuthorOfPublication5feba01d-72e9-4aba-a60c-8dc324109969
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relation.isAuthorOfPublication.latestForDiscovery5feba01d-72e9-4aba-a60c-8dc324109969
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