By Magda Ismail Abdel Mohsin, Hisham Dafterdar, Murat Cizakca, Syed Othman Alhabshi, Shaikh Hamzah Abdul Razak, Seyed Kazem Sadr, Thamina Anwar, Mohammed Obaidullah
This publication offers profitable case reports in Muslim and Muslim minority international locations that experience revolutionized the redevelopment of idle waqf homes into efficient land trusts. The revival of this establishment over the past twenty years indicates the growing to be optimism in galvanizing the socioeconomic position of waqf via adopting its versatile shariah measures. leading edge methods of financing redevelopment permit Muslims to increase those roles to incorporate new beneficiaries. New makes use of for those homes contain offering prone to the neighborhood, beginning jobs for almost all of individuals, investment small marketers, instructing the hundreds, delivering future health care, and sheltering the terrible and needy. international locations less than learn contain Sudan, Turkey, Malaysia, Indonesia, Singapore, New Zealand, Kuwait, Oman, Qatar, and Iran. also, the ebook examines the overseas improvement Bank's function in financing the advance previous waqf homes in several countries.
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Because the preeminent foreign improvement company for the prior sixty years, the realm financial institution has attracted equivalent quantities of feedback and compliment. Critics are specifically speedy to decry the realm Bank's hypocrisy--the pervasive gaps among the organization's speak, judgements, and activities. within the wake of the Paul Wolfowitz management scandal in may perhaps 2006, perceptions of hypocrisy have exacted a heavy toll at the Bank's authority and fueled powerful calls for for wide-scale reform.
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Extra resources for Financing the Development of Old Waqf Properties: Classical Principles and Innovative Practices around the World
An introduction to religious foundations in the Ottoman empire. Brill. Bates, Robert H. 1995. An assessment of the new institutionalism. In The new institutional economics and third word development, ed. , 30–31. London: Routledge. Bodjellal, Mohammed. 1999. The need for a new approach of the socioeconomic developing role of Waqf in the 21st century. Paper presented at the international conference on Islamic Economics, the 21st century, Pan Pacific Hotel, Kuala Lumpur, 1–5. Cizakca, Murat. 2000.
In case the founder passed away before specifying any trustee, the chief judge had the authority to appoint a new and honest trustee (Schoem 1986, 85–117). A. MOHSIN ET AL. H. when the chief judge Abu al-Tahir Abdel Malik b. Muhammad alHazmi used to supervise the waqf properties three times a month. He ordered the repair of any damage done to these properties and their cleaning. If he found any misuse from the side of the trustees, he beat them 10 times (Abu Zuhra 1972, 12–20). This type of good administration and supervision encouraged many Muslims to create different types of waqf properties serving the different sectors.
Al-Qaradawi, Yousif. 1994. Mushkilat al-Faqr wa-Kaifah ‘Alajaha al-Islam. Cairo: Maktabat Wahbah. Al-Shahin, Shamil, “Al-Awqaf wa-Tashkilatuha al-Idariah fi al-Dawlah al-‘Othmaniyah,” unpublished paper, Istanbul,1997. Al-Talib, Omar. 1996. Islamic foundations Waqf: A grassroots socioeconomic institution, the case of the Ottoman empire. Paper presented at the international conference on Islamic Political Economy, Penang, Malaysia, Universiti Sains. Barnes, John Robert. 1987. An introduction to religious foundations in the Ottoman empire.