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Towards an Islamic social (Waqf) bank

Mohammad, Mohammad Tahir Sabit (2011) Towards an Islamic social (Waqf) bank. International Journal of Trade, Economics and Finance, 2010-0 (2). p. 381. ISSN 2010-023X

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Official URL: http://dx.doi.org/10.7763/IJTEF.2011.V2.135


This paper looks at the permissibility of establishment of a waqf (a non-profit social bank) in Islamic law. Considering the needs of the poor majority in all Muslim nations, unattended to by current banking system, it explores and extends the views of Muslim jurists regarding the validity of cash waqf to the permissibility of waqf bank. Cash waqf donations and proceeds can be used to form the capital of the bank. The principles of waqf and its perpetuity and the protection of the cash waqf can also apply to the capital of the bank. The structure of this bank and its functions has to be in conformity with waqf principles too.

Item Type:Article
Uncontrolled Keywords:Cash waqf, waqf bank, Social bank
Subjects:H Social Sciences > HF Commerce
Divisions:Geoinformation and Real Estate
ID Code:39823
Deposited By: Fazli Masari
Deposited On:21 Jul 2014 05:28
Last Modified:05 Mar 2019 01:38

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