Awqaf sustainably operate based on principles like perpetuity, inalienability, and irrevocability. The waqf system is a robust method to yield sustainable resources, dedicating assets to public benefits. Yet, its potential as a funding source for Muslim societies’ development is underutilized.
This is the second in the two-part (6-credits) course on Waqf Management and focuses on Shariah-legal compliance detailing the rules of the game and how these are influenced by national laws. It includes useful tools and mechanisms of developing awqaf assets rooted in classical Shariah scholarship and modern Islamic finance. It also covers the all-important issues of awqaf governance, transparency and accountability of the stakeholders.
Each of the courses is equivalent to a 3-credit course taught at universities, spans fourteen (14) topics, delving into the tools and methods sanctioned by Shariah.