I have a dream: waqf market in addition to Islamic banking, takaful and the Islamic capital market. Journal of Wealth Management & Financial Planning, 5. pp. 47-53. ISSN 2289-6937 (2018)
Abstract
Malaysia can make a difference and a breakthrough in the history of waqf and the Islamic financial market by creating a waqf market. Waqf is undoubtedly a very powerful concept which has a sound structure and flexible features, that create within it a smooth and dynamic mechanism in designing products and services that serve the interests of this world and the Hereafter. There are two major aspects of waqf: the first is related to fixed properties such as land and houses while the other aspect is cash which has the feature of liquidity. However, for waqf to match or merge with the Islamic financial market, I would like to divide it into two types: tangible assets and liquid or non-tangible assets. This classification will ease the operation of waqf according to the marketplace, whereby the tangible assets will come under the management and services portfolio, while the liquid or non-tangibles such as cash and Intellectual Property (IP) will come under the financial market portfolio.
| Item Type: | Article |
|---|---|
| Keywords: | Islamic banking, Waqf market, Islamic finance, Tangible assets, Liquid assets, Government regulation |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance By Niche > Islamic Banking > Banks and Banking > Government Policy By Niche > Islamic Banking > Banks and Banking > Religious Aspects |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 01 Feb 2024 09:52 |
| Last Modified: | 01 Feb 2024 09:55 |
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