Financing the Development of Old Waqf Properties
Classical Principles and Innovative Practices around the World

Authors: Magda Ismail Abdel Mohsin, Hisham Dafterdar, Murat Cizakca, Syed Othman Alhabshi, Shaikh Hamzah Abdul Razak, Seyed Kazem Sadr, Thamina Anwar, Mohammed Obaidullah



Explores case studies of successfully redeveloped waqf properties

Describes groundbreaking methods to finance redevelopment

Discusses modern uses for old waqf properties

This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy. Countries under study include Sudan, Turkey, Malaysia, Indonesia, Singapore, New Zealand, Kuwait, Oman, Qatar, and Iran. Additionally, the book examines the International Development Bank's role in financing the development old waqf properties in different countries.

Table of contents

Front Matter
Pages i-xxvii

Legal Framework of the Institution of Waqf
Pages 1-12

Development and Administration of the Institution of Waqf (Past and Present)
Pages 13-20

The Role of Waqf in Modern Economic Development
Pages 21-35

Current Development of Waqf Properties in Selected Countries and Their Socioeconomic Roles
Pages 37-220

Waqf Development: The Islamic Development Bank Experience
Pages 221-236

Modus Operandi and Structures of the Classical and the Innovative Modes of Finance
Pages 237-256

Conclusion
Pages 257-260

Back Matter
Pages 261-267

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