Opportunities and Challenges of Waqf in Bangladesh: The Way Forward for Socio-Economic Development

Ahmad, Abu Umar Faruq; Karim, Mohd Fazlul

doi:10.1007/978-3-030-18445-2_10

Cited by 7 publications

(6 citation statements)

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“…Furthermore, traditional methods of investment, distribution and the length of governmental procedures, from the period of maturity to distribution, have reduced the social benefits of the waqf (Rashid, 2012; Al-Omar, 2013; Mohamad and Ariff, 2016). The weakness of the economic productivity of awqāf is because of the weakness of the governmental awqāf administration in the field of waqf fund investment (Ahmad and Karim, 2019).…”

Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

“…The contemporary reality of waqf administration has revealed the lack of administrative performance in general and the weakness of government administration over awqāf in particular (Rashid, 2012; Ahmad and Karim, 2019; Saiti et al , 2019). This includes all organisational aspects of the institutional structure, which has led many Muslim countries to adopt reform projects and programmes aimed at the protection, modernisation and development of awqāf .…”

Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

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Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Laallam

Kassim

Ali

et al. 2020

IJIF

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Purpose This study aims to highlight the importance of intellectual capital (IC) for the operation of waqf (Islamic endowment) institutions, as few studies have discussed this issue in relation to non-profit religious organisations, particularly waqf organisations. Consequently, this study hopes to contribute to the development of waqf institutions in terms of human capital proficiency, the efficiency of operations and the effectiveness and sustainability of performance. Design/methodology/approach The authors reviewed a significant body of relevant studies written on various aspects of IC, to highlight the significance of considering IC in the operation of non-profit organisations (NPOs) and waqf institutions. Findings This study highlights the importance of IC in the operation of waqf institutions. It provides a platform that facilitates understanding of the existing obstacles and challenges in waqf institutions (such as lack of accountability, lack of funding, mismanagement and lack of trained labour, among others) and offers potential solutions through the consideration of knowledge and IC. Research limitations/implications This study is a conceptual analysis of IC in the context of NPOs. Future studies should conduct empirical testing, which will provide more detailed discussion and enriching insights into the issue of IC and the performance of NPOs, particularly in the case of waqf institutions. Practical implications This study provides several important implications for waqf institutions and other NPOs, as it sheds light on the consideration of knowledge and IC in their operations. Originality/value To the best of the authors’ knowledge, this study is the first to discuss the issues of waqf in the light of IC and provide an integrated framework for the operation of waqf institutions.

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Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

Section: Problems Of Current Waqf Management and Reform Trends Through Intellectual Capitalmentioning

confidence: 99%

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Laallam

Kassim

Ali

et al. 2020

IJIF

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“…According to Islam (2016), the rural development scheme (RDS) beneficiaries' moral and ethical values have positively changed from the time they joined the scheme. Ahmad and Karim (2019) point out the significance of Waqf from a Bangladesh perspective. He states that about 8,000 educational institutions have been established by Waqf capital, and he further argues that Waqf funds can be used for any kind of social and economic development.…”

Section: Literature Reviewmentioning

confidence: 99%

Prospective Customers’ Behavioural Intention towards Islamic Microfinance Services in Bangladesh

Ahmed

Islam

Asheq

2020

IJIE

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The present study investigates the behavioural intention of prospective customers towards Islamic microfinance services in Bangladesh based on demographic factors such as gender, age, education, and family size. This study uses a self-administered survey questionnaire to determine the intention of prospective customers towards Islamic microfinance services based on five variables, namely subjective norms, attitude towards behaviour, behavioural intention, normative belief, and behavioural belief. A total of 450 questionnaires were distributed, out of which 326 responses were received (72.44%). The findings of this study indicate that male respondents have a higher behavioural intention towards Islamic microfinance services than female respondents. On the other hand, female respondents have a higher behavioural belief towards Islamic microfinance services compared to their male counterparts. The findings also indicate that those respondents who studied up to secondary school level would like to receive opinions from family members and friends about the use of Islamic microfinance services. The present research findings have important implications for Islamic microfinance institutions, practitioners and policy makers. The findings of this study are expected to reflect suggestive steps to increase the behavioural attitude in the use of Islamic microfinance services.

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“…Waqf disputes can occur between nadzir (waqf manager) and waqif, nadzir and waqif heirs, nadzir among one another (between nadzir), and between the community and nadzir. In Bangladesh, the settlement of first-level disputes for mediation and arbitration in the waqf council is mandated, before proceeding to court (Ahmad & Karim, 2019). The purpose of waqf dispute resolution is to allow the community to secure and utilize the assets so that waqf law can be enforced (Jahar, 2019).…”

Section: Land Waqf Management In Indonesiamentioning

confidence: 99%

Religious Practices of Land Endowment: Examining Reform and Dispute Resolution Alternatives of Land Waqf in Indonesia and Malaysia

Islamiyati

Hendrawati²,

Musyafah³

et al. 2022

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The research aimed to analyze the land waqf dispute resolution mechanisms in Indonesia and Malaysia to provide the Indonesian government with ideas regarding land waqf dispute resolution laws. The approach adopted was a comparative study that highlights the mechanisms and models of waqf dispute resolution in Indonesia and Malaysia. The results show that the Indonesian waqf dispute resolution mechanism comprises two approaches: juridical and sociological. The juridical approach is based on Waqf Law No. 41 of 2004, Article 62. Meanwhile, the sociological approach is based on local wisdom and policies derived from Islamic law. In comparison, the mechanism for resolving waqf land disputes in Malaysia consists of two routes: the non-litigation channel, which consists of negotiation, mediation, and arbitration, and the litigation path, via the sharia court. In the Malaysian mediation pathway, the mediator and the advocacy institution are State Islamic Religious Councils (SIRCS), assisted by waqf managers and experts. An arbitration mechanism is often chosen because the management of waqf land is, for about 40 percent, associated with business, commerce, industry, and property. The similarities between the two countries are that they are committed to resolving waqf land disputes based on applicable law, the concept of justice, and the desire to protect human rights, minimize expenses, build good relationships after disputes, and provide advocacy for the rescue of the donated land assets.

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Opportunities and Challenges of Waqf in Bangladesh: The Way Forward for Socio-Economic Development

Cited by 7 publications

References 0 publications

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Prospective Customers’ Behavioural Intention towards Islamic Microfinance Services in Bangladesh

Religious Practices of Land Endowment: Examining Reform and Dispute Resolution Alternatives of Land Waqf in Indonesia and Malaysia

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