Waqf is known as an endowment made by Muslims to charitable causes such as for education or religious purposes. Waqf is very important for the development of the Islamic ummah, and it is one of the practices recommended in Islam. However, there is no framework of Waqf management being developed in order to ensure that different types of waqf is managed efficiently. Therefore, this study would like to explore the Waqf management practices in Malaysia and propose a framework for Waqf Management. The study is conducted using qualitative approach which involved semi-structured interviews with the managers and employees of Waqf Johor Unit (UWJ) in Johor and the Waqf Selangor Corporation (PWS) in Selangor, Malaysia. The findings identified three important components that are crucial for efficient Waqf management, research management, investment management and property management. The existence of these components will enable the Waqf institutions to manage waqf effectively so that it will play an effective charitable role in developing the Islamic ummah. These findings will assist the policy makers and the management of waqf institutions to strategize Waqf as a driver for the social and economic development in Malaysia.
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In-Text Citation: (Hassan, Abdul-Rahman, & Yazid, 2018)
To Cite this Article: Hassan, N., Abdul-Rahman, A., & Yazid, Z. (2018). Developing a New Framework of Waqf Management. International Journal of Academic Research in Business and Social Sciences, 8(2), 279–297.
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