Palgrave Studies in Islamic Banking, Finance, and Economics: Classical Principles and Innovative Practices around the World
Mohsin, Magda Ismail Abdel; Dafterdar, Hisham; Cizakca, Murat; Alhabshi, Syed Othman; Razak, Shaikh Hamzah Abdul; Sadr, Seyed Kazem; Anwar, Thamina; Obaidullah, Mohammed
This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy. Countries under study include Sudan, Turkey, Malaysia, Indonesia, Singapore, New Zealand, Kuwait, Oman, Qatar, and Iran. Additionally, the book examines the International Development Bank's role in financing the development old waqf properties in different countries.
Details
Published by: Palgrave Macmillan
Publication Date: 2016-10-21
Format: Hardcover
ISBN-13: 9781137581273
DOI: 10.1057/978-1-137-58128-0
Dimensions: 210cm x148cm
Pages: 267