1,721,005 research outputs found
The performance of Bumiputera-controlled companies at the KLSE, before and during the currency crisis / Nor Azizan Che Embi
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Raising fund for waqf land development via Islamic Real Estate Investment Trust (iREIT)
No full textThis paper attempts to explore the possibility of using Islamic REITs (iREITs) as one of the potential financing method for waqf land development. This paper identifies several ways on how iREITs issuance can be use to tap money from the generous Muslim donors and the investors for the development. The funds raised by the issuance of iREITs not only meant to finance the initial stage of waqf land development but are also expected to generate continuous cash inflows to the State Religious council. The paper aims to focus on the sustainability of the funds that can be used to finance the development of waqf land
Pembangunan dan pembiayaan hartanah wakaf : kekuatan dan kelemahan kaedah semasa dalam konteks Malaysia
No full textWakaf merupakan kaedah yang dapat memberi manafaat yang berterusan dalam jangka masa panjang. Walau bagaimanapun untuk mengaplikasikan kaedah pembangunan dan pembiayaan hartanah wakaf sedia ada terdapat beberapa faktor yang perlu diperhalusi. Kekuatan serta kelemahan sesuatu model pembangunan perlu diperinci supaya dapat membantu mutawalli sebelum melaksanakan sesuatu projek pembangunan wakaf. Objektif utama kajian ini adalah untuk meneliti beberapa kaedah semasa pembangunan hartanah dan pembiayaan wakaf dengan mengenalpasti kekuatan, kelemahan, peluang serta kekangan yang terdapat dalam model tersebut dari konteks Malaysia. Penggunaan beberapa medium kewangan oleh mutawalli dalam mentadbir dan membangunkan hartanah wakaf sedia ada dikaji secara emprikal Setiap kelebihan dan kekurangan kaedah pembiayaan dikenal pasti untuk penambahbaikan bagi projek projek wakaf yang bakal dilaksanakan pada masa akan datang. Kajian ini mengkhusus kepada beberapa contoh pembangunan hartanah yang telah berjaya dilaksanakan oleh mutawalli iaitu di Malaysia, Singapura dan Arab Saudi. Diantaranya membangunkan beberapa tanah wakaf di Malaysia seperti seperti Wakaf Setee Aishah dan Wakaf Ahmad Dawjee Dadabhoey dengan beberapa inovasi terhadap kaedah pembiayaan untuk hartanah wakaf. Selain itu kajian ini juga mengupas mengenai penggunaan beberapa kaedah pembiayaan menggunakan pembiayaan pasaran modal Islam seperti Sukuk Musyarakah untuk pembangunan tanah wakaf di jalan Bencolleen, Singapura dan Sukuk Intifa' bagi pembangunan menara Zam-Zam di Mekah, Arab Saudi. Berdasarkan pengalaman negara luar seperti Singapura kajian ini mendapati membangunkan hartanah waqf untuk rumah kediaman mengundang banyak masalah dalam jangka masa panjang. Selain itu kajian ini mendapati didalam kaedah pembiayaan sedia ada di Malaysia, ianya mengambil masa yang agak lama untuk mutawalli mendapatkan balik hak mengawal selia dan memaksimumkan manafaat dari hartanah wakaf yang dibangunkan. Walaubagaimanapun kejayaan projek-projek pembangunan wakaf ini tetap dibanggakan kerana kesungguhan mutawalli dalam mentadbir hartanah wakaf ini telah mengoptimumkan manafaat hartanah tersebut. Diharap kajian ini dapat memberi dimensi berbeza yang perlu dipertimbangkan bagi mengoptimumkan manafaat dan kesan jangka panjang
Alleviation of poverty among OIC countries through sadaqat, cash waqf and public funding
No full textThis paper discusses the design of an efficient and optimal cooperation and unity among OIC countries for the integration of waqf properties and sadaqat and public funding as a viable instrument to alleviate poverty rate among Muslims globally. Poverty is rampant and common among Muslims globally and their financial constraints call for urgent, collective and concrete efforts among OIC countries to improve the conditions of poor Muslims regardless of their colour, gender, nationality, and sect since Islam simplifies unity. The study analyses the types and nature of investment that can be invested in with integrated charities such as waqf properties, sadaqat and public funding to create employment in order to reduce the poverty rate in concerned and targeted nation. It will further analyze how the financial status of Muslims can be improved
The motivation of continuous cash waqf in Malaysia from Islamic expectancy theory
No full textNowadays, the waqf concept is used for a variety of purposes and the ultimate goal of the waqf concept is to benefit society. Despite the popularity of cash waqfs contributed by individuals in Malaysia, there are criticisms about donor’s motivation to continue endowment. In the Klang Valley, statistics gathered from the Perbadanan Wakaf Selangor (PWS) indicate that 1700 donors were reported as "inactive" between 2011 and 2016. This is a concerning situation for an organization that is entirely reliant on individual donations. Several literature urge that despite comparisons to recruiting new donors, charitable organizations must invest in existing donors because these investments are trivial in comparison to acquiring new donors. Nevertheless, much of the prior literature on the cash waqf puts huge interest in the intended behavior of donors and not much interest is given in the real motivation in and behavior of existing cash waqf donors. On top of that, as much study is interested in a theory of planned behaviors, this study is interested in cash waqf donor motivation from an Islamic expectancy theory perspective. Using qualitative approaches, this study embarked on content analysis to explore the potential of Islamic expectancy theory perspective in explaining motivation of continued cash waqf in Malaysia. The outcome of the study indicates the potential of Islamic expectancy theory in explaining Muslim motivation in continuous cash waqf. The ultimate goal of Muslim will motivate Muslim to continuous Waqf endowments. The outcome hopefully will help in marketing strategies for sustaining the current donors besides attracting more donors to contribute to Waqf organization
An agricultural approach to the commercialization of cash waqf between Malaysia and Nigeria
No full textThe Nigeria agricultural sector is faced with
many unprecedented problems including loss of focus, abandonment, and inadequate motivation to farmers. This shocking situation has deprived Nigerians of abundant food at affordable prices. In addition, employment in this sector is at an all-time low. The root cause of this problem is the complete abandonment of the sector by both past and
present governments. Though Nigeria introduced agricultural programs such as Operation Feed the Nation, however, the outcome has not been impressive. The purpose of this research is to examine the possibility of transfer of
funds from waqf institutions in Malaysia to institutions in Nigeria. The agricultural commercialization of cash waqf between Malaysia and Nigeria would not only ensure food security but also employment and productive use of idle land. While existing literatures have focused on the
transformation of the poor, there is a dearth of study that analyses institutional transfer of funds for boosting agricultural studies from one country to the other. The findings show that the waqf institution can play an important role in building a good relationship between one country and the other, create jobs, economically transform
impoverished youths, and enable the elderly. Nigeria excelled in agricultural activities in the sixties and seventies before the sector was neglected due to the discovery of crude oil. Furthermore, the restoration of past glory is ensured as well as the bridging of the gap between the urban and rural dwellers. This paper employs a qualitative approach and survey of literature. The paper suggests that through this
approach, social vices among unemployed youths will be drastically reduced in the society
The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
Full text linkThis study suspects that relying on the current Shariah screening process on financial aspects by Shariah Advisory Council of Malaysia may be not sufficient as the two important ratios which are Debt ratio and ARTA ratio highlighted by Council of Islamic Fiqh Academy (CIFA) are not being used. The study observed 347 Shariah-compliant companies and 37 non-compliant Shariah companies that issued IPOs from January 1999 until December 2008. Obviously, when the Shariah IPOs samples are ranked based on the level of extensiveness, the difference in the initial returns between the most extensive Shariah IPOs and non-Shariah compliant IPOs prevails
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