Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey

The Islamic social finance sector, including waqf, is growing rapidly but is still too small compared to its true potential and has yet to be fully explored. One of the main reasons that hinders this growth is the lack of innovation in the management of waqf property to work on the real potential of...

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Main Authors: Mujiburrahman Muhammad Saleh, Nurul Akma Mohamed, Hamidi Abdul Ghani, Suraini Saufi
Format: Article
Language:Arabic
Published: Sultan Ismail Petra International Islamic University College (KIAS) 2024-11-01
Series:Rabbanica: Journal of Revealed Knowledge
Subjects:
Online Access:https://ejournals.kias.edu.my/index.php/rabbanica/article/view/339
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author Mujiburrahman Muhammad Saleh
Nurul Akma Mohamed
Hamidi Abdul Ghani
Suraini Saufi
author_facet Mujiburrahman Muhammad Saleh
Nurul Akma Mohamed
Hamidi Abdul Ghani
Suraini Saufi
author_sort Mujiburrahman Muhammad Saleh
collection DOAJ
description The Islamic social finance sector, including waqf, is growing rapidly but is still too small compared to its true potential and has yet to be fully explored. One of the main reasons that hinders this growth is the lack of innovation in the management of waqf property to work on the real potential of the property to provide optimal impact to the economy of the ummah. In the context of Kelantan state, Islamic educational institutions have succeeded in producing a society that understands religious knowledge well. This is the principal capital for aggressively developing waqf instruments in Kelantan with innovations. This paper discusses the concept of economic endowment and the potential of its implementation in the state of Kelantan. This qualitative study is done descriptively by utilising content analysis methods in the analysis process. By looking at the existing concept used by several waqf administrative institutions in Malaysia, this study found that the state of Kelantan has excellent potential to develop economic waqf, namely the idea of waqf that benefits from waqf assets used for economic development in business, agriculture, and other sectors.
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institution Kabale University
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language Arabic
publishDate 2024-11-01
publisher Sultan Ismail Petra International Islamic University College (KIAS)
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series Rabbanica: Journal of Revealed Knowledge
spelling doaj-art-d75cf37013504d64bdb2c4eb15310ebc2025-02-10T03:47:24ZaraSultan Ismail Petra International Islamic University College (KIAS)Rabbanica: Journal of Revealed Knowledge2773-55832756-78932024-11-0152223241Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary SurveyMujiburrahman Muhammad Saleh0Nurul Akma Mohamed1Hamidi Abdul Ghani2Suraini Saufi3Jabatan Syariah dan Pengurusan Halal, Fakulti Pengajian Islam Kontemporari, Kolej Universiti Islam Antarabangsa Sultan Ismail Petra, 15730 Kota Bharu, Malaysia.(KIAS)Jabatan Al-Syariah dan Pengurusan Halal, Fakulti Pengajian Islam Kontemporari, Kolej Universiti Islam Antarabangsa Sultan Ismail Petra, 15730 Kota Bharu, Malaysia.(KIAS)Jabatan Al-Syariah dan Pengurusan Halal, Fakulti Pengajian Islam Kontemporari, Kolej Universiti Islam Antarabangsa Sultan Ismail Petra, 15730 Kota Bharu, Malaysia.(KIAS)Jabatan Muamalat dan Teknologi Maklumat, Fakulti Pengurusan dan Teknologi Maklmuat, Kolej Universiti Islam Antarabangsa Sultan Ismail Petra, 15730 Kota Bharu, Malaysia.(KIAS)The Islamic social finance sector, including waqf, is growing rapidly but is still too small compared to its true potential and has yet to be fully explored. One of the main reasons that hinders this growth is the lack of innovation in the management of waqf property to work on the real potential of the property to provide optimal impact to the economy of the ummah. In the context of Kelantan state, Islamic educational institutions have succeeded in producing a society that understands religious knowledge well. This is the principal capital for aggressively developing waqf instruments in Kelantan with innovations. This paper discusses the concept of economic endowment and the potential of its implementation in the state of Kelantan. This qualitative study is done descriptively by utilising content analysis methods in the analysis process. By looking at the existing concept used by several waqf administrative institutions in Malaysia, this study found that the state of Kelantan has excellent potential to develop economic waqf, namely the idea of waqf that benefits from waqf assets used for economic development in business, agriculture, and other sectors.https://ejournals.kias.edu.my/index.php/rabbanica/article/view/339waqfeconomic waqfsocial financekelantanpotential
spellingShingle Mujiburrahman Muhammad Saleh
Nurul Akma Mohamed
Hamidi Abdul Ghani
Suraini Saufi
Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey
Rabbanica: Journal of Revealed Knowledge
waqf
economic waqf
social finance
kelantan
potential
title Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey
title_full Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey
title_fullStr Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey
title_full_unstemmed Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey
title_short Potential Implementation of Economic Waqf in the State of Kelantan: A Preliminary Survey
title_sort potential implementation of economic waqf in the state of kelantan a preliminary survey
topic waqf
economic waqf
social finance
kelantan
potential
url https://ejournals.kias.edu.my/index.php/rabbanica/article/view/339
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AT hamidiabdulghani potentialimplementationofeconomicwaqfinthestateofkelantanapreliminarysurvey
AT surainisaufi potentialimplementationofeconomicwaqfinthestateofkelantanapreliminarysurvey