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Waqf private property trust fund as property unlock initiative

Abdul Jalil, R. and Yaacob, A. C. and Omar, I. and Sipan, I. and Mohd. Ridza, B. H. and Fadzli, S. Z. (2019) Waqf private property trust fund as property unlock initiative. In: Sriwijaya International Conference on Science, Engineering, and Technology, 15-16 Oct 2018, Palembang, Indonesia.


Official URL: http://dx.doi.org/10.1088/1757-899X/620/1/012010


The abundant of Waqf land (WL) administrated by State Islamic Religion Council (SIRC) are growing over the years unsolved. The location of these WL are strategic and capable for commercial benefits through property development investment project. Yet, the development funds' constraint restraints SIRC to develop the WL's potential. This study examine the structure of management of indirect real estate investment (IREI) instrument and carried out a benchmarking comparison analysis to suggest a workable IREI to unlock WL potential. But, concept of Waqf prevents sub-sale of Waqf ownership exchange transaction. While, private property trust fund (PPTF) is a close fund and distribute dividend. This study suggest a conceptual idea Waqf private property trust fund (WPPTF) as mechanism for WL unlock initiative. The structure of management of WPPTF is different since Waqf unit holders whom cash donor would not receive any investment return, instead SIRC as a caretaker of Waqf properties benefit all investment return. The acceleration of Waqf property potential would be useful for investment project development of more frozen WL.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:waqf land, real estate investment, private property trust fund
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Geoinformation and Real Estate
ID Code:91673
Deposited By: Narimah Nawil
Deposited On:14 Jul 2021 16:19
Last Modified:14 Jul 2021 16:19

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