Merging Waqf And Sukuk: Should We Or Shouldn’t We?
Özet
Awqaf New Zealand, an Islamic NGO operating in New Zealand, recently
identified sukuk as a tool to finance large awqaf farms to supply livestock and
food for the pilgrimage and zakat al-fitr.2
Thus, we are witnessing here an
attempt to merge waqf and sukuk, two important financial instruments of
contemporary Islam. The purpose of this article is to examine this synthesis
from both the Shariah and finance perspectives and suggest, instead, a better
alternative – a synthesis of esham and waqf. But first, a brief explanation of the
modus operandi of these three financial institutions need to be made.
Koleksiyonlar
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