waqf
- Business
Concept of Wakaf Sukuk in Islamic Economics
Waqf is a crucial pillar in the Islamic economic system that serves as a social instrument for wealth and welfare distribution. Traditionally, waqf has been used in Muslim societies to support various social projects such as building mosques, schools, and hospitals. However, as times have progressed, the concept of waqf can now be applied in various forms, one of which…
Read More » - Crowdfunding Syariah
Waqf Sukuk on Securities Crowdfunding
In recent years, sharia-based financial innovations have shown great potential in optimising the management of public funds. One of the latest innovations that has attracted attention is Sukuk Wakaf, especially in the context of its application through the Securities Crowdfunding platform. The National Sharia Council of the Indonesian Ulema Council (DSN-MUI) Fatwa No. 131 of 2019 on Sukuk Wakaf provides…
Read More » - Muslim Lifestyle
Understanding the Different Types and Restrictions of Waqf Property
Classifying Waqf Property While the Prophet Muhammad (PBUH) did not establish a formal classification system for waqf during his lifetime. However, the various schools of fiqh classified it later differently. This article will explore two main categories: beneficiaries (al-mawquf ‘alaihim) and the endowed property itself (al-mauquf). By Beneficiaries (al-Mawquf ‘Alaihim) Under this category, waqf can be divided into three types:…
Read More »