Wednesday, May 25, 2011

ARTICLE - The Economic Significance of Waqf: A Macro Perspective

The economic significance of waqf : a macro perspective

Mochammad Arif Budiman

State Polytechnic of Banjarmasin, Indonesia; International Islamic University of Malaysia (IIUM) - Faculty of Economic and Management Sciences

Dimas Bagus Wiranata Kusuma

affiliation not provided

8th International Conference on Tawhidi Methodology Applied to Microenterprise Development, January 2011

Abstract:     

There has been an accusation among few scholars blaming that the institution of waqf could not any longer perform its economic role in the modern times. To them, instead of being a vital institution as it was at pre-modern era, waqf nowadays seems to be an impediment to the development in most of Islamic countries. This paper however is meant to clarify such an accusation and attempts to point out the economic significance of waqf in the context of modern economy. (download)

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