Case for a Centralized Database for Waqf Administration in Malaysia

Authors

  • Ziyaad Mahomed Centre of Excellence in Islamic Social Finance, INCEIF University, Kuala Lumpur, Malaysia
  • Baharom Abdul Hamid Centre of Excellence in Islamic Social Finance, INCEIF University, Kuala Lumpur, Malaysia
  • Kinan Salim Centre of Excellence in Islamic Social Finance, INCEIF University, Kuala Lumpur, Malaysia
  • Pahmi Ali Institut Penyelidikan dan Pengurusan Kemiskinan, Universiti Malaysia Kelantan (INSPEK, UMK), Kelantan Malaysia
  • Fauzias Mat Nor Islamic Finance and Wealth Management Research Excellence Consortium, Universiti Sains Islam Malaysia (IFWMEC, USIM), Negeri Sembilan, Malaysia
  • Fuadah Johari Islamic Finance and Wealth Management Research Excellence Consortium, Universiti Sains Islam Malaysia (IFWMEC, USIM), Negeri Sembilan, Malaysia
  • Wan Amir Zal Institut Penyelidikan dan Pengurusan Kemiskinan, Universiti Malaysia Kelantan (INSPEK, UMK), Kelantan Malaysia
  • Wiaam Hassan Centre of Excellence in Islamic Social Finance, INCEIF University, Kuala Lumpur, Malaysia

Keywords:

Waqf, Centralised Database, Malaysia

Abstract

The aim of this paper is to evaluate the various existing models of Waqf in practice and determine their applicability within the context of Malaysia. This study was undertaken to investigate the practicality, feasibility, and potential success of implementing a centralized database for the administration of Waqf. The research process involved extensive desktop research and thorough benchmarking analyses. Additionally, the study delved into the identification of obstacles and challenges. To provide comprehensive insights, case studies were meticulously compared and contrasted. The findings of this study indicate that the establishment of a centralized national Waqf database would significantly enhance the efficiency and effectiveness of Waqf operations and administration. Furthermore, it would contribute to the enhancement of integrity and transparency within the system. Following this line of thought, the adoption of such a system aligns with the principles of maqasid al-shariah, ultimately safeguarding the reputation of Islam.

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Published

2023-09-06