This article discusses the potential of waqf in harnessing the Muslims’ welfare. A professional and effective administration of waqf is seen essential and regarded as a basic tool for a highly impact economic instrument in Islam. The varieties of waqf’s objectives at the same time provide support for wide spreading religious and philanthropic activities. The potential of waqf institution strongly depends on Muslims’s understanding towards waqf and significantly influenced by effective administration of its fund. Therefore, this writing aims to put forward a conceptual discussion on the meaning of waqf and its role in the Malaysian society. In addition, it is also importance to higlight the necessity to legislate a standardized law on waqf and its administration in developing Muslim socio-economy.
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In-Text Citation: (Ali, Nordin, Adam, & Halim, 2018)
To Cite this Article: Ali, E. M. T. E., Nordin, N., Adam, F., & Halim, M. S. A. (2018). Waqf Assets Management: Harnessing Tool for Muslims’ Welfare. International Journal of Academic Research in Business and Social Sciences, 8(11), 348–354.
Copyright: © 2018 The Author(s)
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