The global cash <i>waqf</i>: a tool against poverty in Muslim countries

Saiti, Buerhan; Dembélé, Adama; Bulut, Mehmet

doi:10.1108/qrfm-05-2020-0085

Cited by 35 publications

(39 citation statements)

References 25 publications

(26 reference statements)

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“…The five principles that have been developed are waqf administration and management, productive waqf development, the existence of companies in managing waqf assets and the principles of ibdal waqf and waqf linafsihi. Meanwhile, one main principle that has not been implemented is stock waqf-based assets (Saiti et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

“…The transformation of waqf has evolved in tandem with the dynamics of contemporary Islamic legal fatwas, such as the practice of cash waqf, as modernity has progressed (Aldeen et al, 2020;Arif, 2010;Cizakca, 2011;Saiti et al, 2021;Tutuko et al, 2017). In turn, the development of waqf assets in the form of money expands the development of waqf shares (Saiti et al, 2021). It implies undeniable corporate institutions' presence and participation in waqf practices.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Ensuring shares as new waqf assets (mauquf bih) is very urgent. This places waqf shares as an attractive alternative asset for waqf and can be developed sustainably (Saiti et al, 2021).…”

Section: Corporate Waqf Core Principlesmentioning

confidence: 99%

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Implementation of Corporate Waqf Core Principles in the Development of Waqf in Indonesia

Huda

Santoso²

2022

Acad. J. Interdiscip. Stud.

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The development of corporate waqf in Indonesia is relevant in creating an alternative model for the sustainability of waqf benefits and contributing to the national economic growth. This study aims to explore the implementation of Corporate Waqf Core Principles (CWCP), a set of sharia principles for corporate waqf implemented in the growth of waqf in Indonesia. This study uses qualitative research with a specific focus on comparative analysis of the advantages of waqf management at two different institutions that develop corporate waqf, Waqf Board Foundation of Universitas Islam Indonesia (YBW UII) Yogyakarta and Pesantren Tebuireng in Jombang. YBW UII Yogyakarta has developed productive waqf assets and immovable objects through professional and profitable multi-company institutions, ensuring that the waqf’s results expand and the benefits fly. Pesantren Tebuireng, on the other hand, understands the implementation of CWCP in the framework of productive waqf administration and management by conceptualizing the productivity of waqf assets through corporate and institutional management. The two models of waqf management methods ensure that waqf management within the corporate institutional framework is more productive and produces long-term outcomes and benefits. However, there are certain deviations in the implementation of the CWCP which has not used shares as waqf assets. The development of this waqf model in Indonesia can accelerate community economic development. Received: 6 June 2022 / Accepted: 20 August 2022 / Published: 2 September 2022

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Implementation of Corporate Waqf Core Principles in the Development of Waqf in Indonesia

Huda

Santoso²

2022

Acad. J. Interdiscip. Stud.

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“…More importantly, waqf assets have been instrumental in providing social and economic safety valves through their role in promoting religion, education, shelter, health, food security and rural–urban transformation. In the tenth century, the waqf was an effective vehicle for financing social economic development in Muslim societies, such as the Middle East and North Africa (Singer, 2008; Mohsin et al , 2016a; Saiti et al , 2021; Uluyol et al , 2021). The other studies in waqf the readers can refer to are Asni et al (2020), Salleh et al (2020), Talib et al (2020), Kuanova et al (2021), Medias et al (2021), Hapsari et al (2021), among others.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The components of intellectual capital and organisational performance inwaqfinstitutions: evidence from Algeria based on structural equation modelling

Laallam

Uluyol

Kassim

et al. 2022

JIABR

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Purpose The purpose of this paper is to investigate the relationship between the sub-components of intellectual capital and organisational performance in waqf institutions in Algeria. Design/methodology/approach Data was collected through structured questionnaires from a sample of 193 waqf employees working in 23 different provinces in Algeria and analysed using partial least squares – structural equation modelling (PLS-SEM) software to test the path modelling and the relationship between the instruments. Findings The results of this research show that human capital, structural capital and spiritual capital have a positive and significant relationship with organisational performance. However, relational capital, social capital and technological capital did not demonstrate any kind of role in the context of waqf institutions in Algeria. Practical implications The findings of this research are of great importance for waqf institutions in Algeria, as they provide a comprehensive screening with regard to organisational performance of these institutions through the lens of intellectual capital. The findings help waqf managers and policy makers consider effective solutions for the weaknesses and challenges impeding the performance of waqf institutions, in the hope of retrieving their role in serving and developing societies. Originality/value In the existing body of literature, there is a lack of research focusing on intellectual capital in the context of religious non-profit organisations particularly waqf institutions. Thus, this research adds to the body of knowledge on intellectual capital while highlighting its role and importance within the waqf industry, particularly in the context of Algeria. This research is considered among the primary attempts to investigate the impact of intellectual capital components on the organisational performance of waqf institutions in Algeria.

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“…Zain and Muhamad Sori (2020) investigated the cases of the first SRI Sukuk released in Malaysia and other waqf -related sukuks that have been designed to produce waqf property/assets in the past. Saiti et al (2021) proposed a global cash waqf to tackle the poverty issues in Muslim countries. For the other areas of waqf research, the readers can refer to Che Azmi and Hanifa (2015), Abdullah (2019); Sulaiman and Alhaji Zakari (2019), Che Mohd Salleh et al (2020); Asni et al (2020) and among others.…”

Section: Background Of Previous Studies Around Waqf and Originalitymentioning

confidence: 99%

Mappingwaqfresearch: a thirty-year bibliometric analysis

Uluyol

Secinaro

Calandra

et al. 2021

JIABR

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Purpose Waqf played a powerful Islamic social finance instrument throughout Islamic history. However, the popularity of waqf declined in recent years. It is essential to understand the past research, the research gaps and the waqf’s ignorant research areas within the existing literature to enhance the waqf system. Therefore, this study aims to carry a detailed analysis of waqf research development with a careful evaluation of the scientific panorama’s different aspects inherent in Islamic business and social finance. Design/methodology/approach Scientometrics is a discipline that studies the quantitative characteristics and characteristics of science and technological research, technology and innovation. This research’s string includes waqf as a reference in the “Article title, Abstract and Keywords” based on Scopus from 1990 to 2020. The analysis was conducted in December 2020. The Bibliometrix R Package, VOSviewer and Excel’s software are used to analyse the collected data and apply the bibliometric analysis. Findings The findings derive that waqf research can be categorized into three sub-areas, such as the research on waqf fundamentals, analysis on cash waqf and research on various waqf applications in Islamic social finance. Even though there is some essential or fundamental research in waqf, these are not good enough for such a powerful Islamic social finance instrument. This study finds research gaps in the existing waqf literature and presents nine future research directions. Originality/value To the best of the authors’ knowledge, this paper is the first to examine waqf’s existing literature with bibliometric analysis. The results and the recommended possible research areas can help scholars and researchers to carry future research to enhance the scientific development of Islamic social finance and provide alternative instruments to eradicate poverty in societies.

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The global cash waqf: a tool against poverty in Muslim countries

Cited by 35 publications

References 25 publications

Implementation of Corporate Waqf Core Principles in the Development of Waqf in Indonesia

Implementation of Corporate Waqf Core Principles in the Development of Waqf in Indonesia

The components of intellectual capital and organisational performance inwaqfinstitutions: evidence from Algeria based on structural equation modelling

Mappingwaqfresearch: a thirty-year bibliometric analysis

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