Contributions of Waqf Investments in Achieving SDGs

Dukhan, Barae; Mohammed, Mustafa Omar; Amri, Mohamed Cherif El

doi:10.1007/978-3-030-65313-2_26

Cited by 8 publications

(10 citation statements)

References 3 publications

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“…The novelty of this paper lies in its approach to critically examining the term corporate waqf. Different from the existing works on corporate waqf (Ramli & Jalil, 2013;Mohsin, 2013Mohsin, , 2014Jalil & Ramli, 2014;Hasbullah et al, 2016;Ramli et al, 2018;Ahmad, 2020;Darus et al, 2021;Dukhan et al, 2021;Hassan & Noor, 2021;Jamaluddin & Hassan, 2021;Raja Adnan et al, 2022;Huda & Santoso, 2022), this paper highlights the overextension of the term corporate waqf, proposes a return to its original meaning, and advocates for the use of an alternative term, notably enterprise-structured waqf.…”

Section: Introductionmentioning

confidence: 75%

“…The evolution of waqf in recent decades has also brought about the development of literature on the subject, notably with the emergence of 'corporate waqf'. There is now a vast and emerging corpus of literature emphasising the potential roles of corporate waqf (Mohsin, 2013(Mohsin, , 2014Darus et al, 2021;Hassan & Noor, 2021;Çilingir, 2022), documenting the implementation of corporate waqf (Dukhan et al, 2021;Jamaluddin & Hassan, 2021;Huda & Santoso, 2022), or evaluating the critical factors that affect the performance of corporate waqf management (Ramli et al, 2018;Raja Adnan et al, 2022). There is also a small body of literature that looks at corporate waqf from the perspective of potential contributors (Hasbullah et al, 2016;Ahmad, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Redefining Boundaries: The Case for Enterprise-Structured Waqf Over Corporate Waqf

Susamto,

Bisri,

Masyhadi

et al. 2024

IJIF

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Purpose — This paper highlights the overextension in the definition of the term corporate waqf in the current literature, proposing a return to its original meaning. It also advocates for the use of a new term, enterprise-structured waqf, to capture the broader and more inclusive contexts of waqf. This paper further elaborates on and categorises the facets of the newly advocated term, clearly delineating its scope. Design/Methodology/Approach — This paper utilises a qualitative content analysis (QCA) methodology to recognise specified characteristics within the corporate waqf literature. It prudently dissects the prevailing narratives, revealing areas of conceptual ambiguity and inconsistency. It further proposes new narratives. Findings — It is shown that the extended definition of the term corporate waqf has left it ambiguous, with two meanings. The first is waqf that is established by corporate entities. The second is waqf whose assets are dedicated to entities with strategic business frameworks, regardless of the founder’s corporate or non-corporate status. The second meaning, while innovative, is misleading. It is therefore proposed that the term corporate waqf be returned to its original meaning and the term enterprise-structured waqf be used instead to capture the broader and more inclusive contexts of waqf. Originality/Value — This paper is the first to highlight the overextension in the definition of the term corporate waqf, propose a return to its original meaning, and advocate for the use of an alternative term, namely enterprise-structured waqf. Practical Implications — Returning to corporate waqf’s original meaning while distinguishing it from the broader concept of enterprise-structured waqf will potentially help expand waqf engagement and resource mobilisation.

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Section: Introductionmentioning

confidence: 75%

Section: Introductionmentioning

confidence: 99%

Redefining Boundaries: The Case for Enterprise-Structured Waqf Over Corporate Waqf

Susamto,

Bisri,

Masyhadi

et al. 2024

IJIF

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“…Similar to SRI Funds, Islamic Green Funds and similar to Green Bonds, Islamic Green Ṣukūk can contribute significantly to the climate change agenda. Other related studies on waqf and SDGs, have been done by Abdullah (2018), Irfany et al, (2023), Fauziah & Kassim (2022), Rusydiana et al, (2022Rusydiana et al, ( , 2023, Dukhan et al, (2021), and also Uddin et al, (2021).…”

Section: Literature Reviewmentioning

confidence: 95%

Waqf Model for Climate Change: A Delphi Method Approach

Sukmana,

Rusydiana

2023

IJW

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Waqf as one of the instruments of Islamic philanthropy has an important role in supporting the achievement of SDG-13. This is shown by the purpose of waqf in preserving the environment, which in turn affects climate change. This research aims to prioritize waqf aspects in achieving SDGs goal 13, namely Climate Action. The analysis method used in this research is the Delphi method with a questionnaire. In addition, the data also used in this study are the results of interviews with academics, practitioners and regulators of waqf and Islamic economics in general. Based on the results of the analysis, it was found that of the 14 variables of waqf aspects for SDG-13, 13 variables were agreed upon by experts and 1 variable was not agreed upon, namely related to the waqf model, namely waqf-zakat. Then regarding the attention criteria, the most important variable in waqf development according to SDG-13 is the environment. In Maqashid Syariah, the most important variable in waqf development according to SDG-13 is bi'ah. And in the Waqf model, the most important variable in waqf development according to SDG-13 is waqf-sukuk.

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“…According to Dukhan et al. (2021), waqf investment entities utilize several approaches to assure healthcare support for the poor.…”

Section: Literature Reviewmentioning

confidence: 99%

Issues and challenges ofwaqfin providing healthcare resources

Sulistyowati

Sukmana

Ratnasari

et al. 2022

IES

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PurposeThis paper attempts to rejuvenate waqf in the health sector by identifying and elaborating on its issues and challenges. The government budget for this sector is significant; thus, the present paper aims to provide a nongovernment budget to lessen the government's burdenDesign/methodology/approachThis qualitative study uses structured in-depth interviews with 12 respondents to generate valuable insights and thoughts in order to frame recommendations.FindingsThe findings highlight the key themes: human resources, finance, collaboration and coordination, legal issues, basic healthcare insufficiency, data and digitalization, accountability and sustainability and infrastructure. The following are the proposed solutions: capacity building program (CBP), hybrid waqf scheme, big data connectivity, specific legal framework, refocusing and reallocating of resources for the health sector during and after the pandemicResearch limitations/implicationsThis study focuses on Indonesia and Malaysia as the authors believe that these two countries have a lot of practice in the field. Further studies may focus on other countries, such as Pakistan.Practical implicationsThis paper proposes potential ways to embrace government policy consideration, optimize the elaboration among productive waqf with other kinds, improve governance of and coordination among waqf institutions and increase the awareness to improve significant development.Social implicationsBy considering this paper's recommendations, waqf stakeholders in the healthcare system can improve the social benefits for poor and needy patients.Originality/valueThis study presents the latest strategic analysis of waqf, which is important for the government policy in developing waqf.

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Contributions of Waqf Investments in Achieving SDGs

Cited by 8 publications

References 3 publications

Redefining Boundaries: The Case for Enterprise-Structured Waqf Over Corporate Waqf

Redefining Boundaries: The Case for Enterprise-Structured Waqf Over Corporate Waqf

Waqf Model for Climate Change: A Delphi Method Approach

Issues and challenges ofwaqfin providing healthcare resources

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