Classification and prioritization ofwaqflands: a Selangor case

Abstract

Purpose The aim of this paper is to study the current status and development of waqf lands in Malaysia, specifically in the state of Selangor, Malaysia and propose a new model for categorisation of its waqf lands. Previous studies on waqf lands and allocation of financial resources on these lands have been general and scanty. Design/methodology/approach They lack the focus of categorising waqf lands according to sectors, economic attributes and strategic locations so that it was not easy to match these lands to the kind of resources and investment models required for their development. The present research is carried out to categorise waqf lands and prioritise them according to four major sectors, namely agriculture, commercial, residential and religious Findings The study is quantitative in nature and uses a multi criteria decision-making method, the Analytic Hierarchy Process (AHP) to prioritise the waqf lands by taking inputs from the officers working in Selangor Islamic Religious Council and some other related organisations. The study concludes with recommendations and suggestions for future research. Originality/value I have proposed a new model for the categorisation of waqf lands. Previous studies on waqf lands and its allocation of financial resources have been general and revealing. The present research is carried out to categorise waqf lands and prioritise them according to four major sectors, namely agriculture, commercial, residential and religious.

Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions

“… Noor and Yunus (2014) Build, Operate and Transfer (BOT) scheme offers shariah option, which suits waqf development. Shabbir (2018) Categorize waqf land and prioritize the four sectors, namely, agriculture, commercial, residential, and religious. Mohsin (2013) A cash waqf is to be channeled not only into the religious sector but also other sectors that many people need, such as education, health, commercial activities, infrastructure.…”

“…(2013) Amuda et al. (2016) Noor and Yunus (2014) Shabbir (2018) Mohsin (2013) Shaikh et al. (2017) Suhaimi et al.…”

“…For zakah, beneficiaries are already fixed, as is taught in the Islamic religion, but the beneficiaries of a waqf can be anyone (more general). Zakah and awqaf are complementary in supporting economic development ( Mohsin, 2013 ; Sanusi and Shafiai, 2015 ; Amuda et al., 2016 ; Shaikh et al., 2017 ; Ambrose et al., 2018 ) and awqaf in the form of land, building, and cash certainly create more jobs ( Shabbir, 2018 ).…”

“…Noor and Yunus (2014) suggested that Build, Operate and Transfer (BOT) schemes offer a shariah option that is compatible with a waqf. Shabbir (2018) used the analytical hierarchy process (AHP) and divided waqf land into the four sectors of agriculture, commercial, residential, and religious-important factors for socioeconomic development and that may create many job opportunities. Mohsin (2013) stated that cash awqaf (managed by non-governmental organizations) should be channeled not only into religious sectors but also other sectors, such as education, health, commercial activities, and infrastructure, for greater benefit.…”

The combine synergies between Islamic Micro Finance Portfolio and various Structured Finance Solutions

“…Abbink (2006) examined that micro finance has no effect on poverty due to extreme poorness in the developing nations, which take a back seat with the needs of the poor to focus primarily on sustainability and profit for micro finance banks. Shabbir (2017) argue that "MFIs set new standards in poverty impact that maintain high standards of financial performance and it is now time to design and innovative services". Furthermore, microfinance has been identified as an important tool in increasing the productivity of the poor and in aiding economic development.…”