Waqf in Islamic Economics and Finance
An Instrument for Socioeconomic Welfare
- 234 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Waqf in Islamic Economics and Finance
An Instrument for Socioeconomic Welfare
About this book
Waqf is emerging globally as a distinctive institution, serving as a vital bridge between societal and economic needs, and resource allocation. Waqfs functioning in some parts of the world, of a variety of assets such as cash, stocks, securities, intellectual property rights, and other financial instruments by individual, institutional, and corporate w?qifs, are paving the way for financial and social inclusion. This book explains how the system of awq?f leads to welfare in society by facilitating financial and social intermediation.
It describes waqf in accessible terms, focusing on how it helps people, communities, and nations, and how it can help make societies equitable, peaceful, efficient, and more prosperous. It comprises eight key themes, including a brief overview of the historical role of waqf in various periods in Muslim societies in socioeconomic sectors; the evolutionary aspects of waqf as an institution; the role of waqf in promoting entrepreneurship; the role of awq?f system in an economy by facilitating financial and social intermediation; potential options for using waqf as financial intermediation; an overview of the management and regulation of waqf entities; the organizational and legal framework for the institution of waqf; and key findings and recommendations for realizing the capacity of waqf in the pursuit of socioeconomic welfare. Specifically, the book takes Pakistan as a case study.
This research-oriented book is tailored to readers interested in understanding the fundamental concepts of Islamic finance and social welfare, without requiring a background in the discipline. It caters to academics, researchers, policymakers, and those keen on exploring the transformative potential of waqf to achieve societal welfare and shared economic growth.
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Information
Table of contents
- Cover
- Half-Title Page
- Series Page
- Title Page
- Copyright Page
- Table of Contents
- Foreword by Omar Mustafa Ansari
- Preface
- Acknowledgments
- List of Figures
- List of Tables
- 1 Introduction and Historical Perspective of Waqf
- 2 Evolution of Waqf as an Institution for Socioeconomic Growth
- 3 Promoting Entrepreneurship through the System of Awqāf
- 4 Waqf for Accelerating Socioeconomic Development
- 5 Waqf-Based Financial Intermediation, Fintech, and Crowdfunding for Realizing the Potential of Islamic Social Finance
- 6 Management and Governance of Awqāf as Social Finance Institutions
- 7 Waqf-Based Legal and Organizational Frameworks
- 8 Summary Recommendations for Realizing the Potential of Waqf for Shared Growth and Sustainable Socioeconomic Development
- Bibliography
- Index