Proceedings of the First Annual Conference of Economics, Business, and Social Science, ACEBISS 2019, 26 - 30 March, Jakarta, Indonesia

Research Article

Selangor Productive Waqf Expansion Form

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  • @INPROCEEDINGS{10.4108/eai.26-3-2019.2290774,
        author={Muhamad Hazrin Sayuti and Baihaki Abdullah and Ahmad Nazrul Alif Yahya},
        title={Selangor Productive Waqf Expansion Form},
        proceedings={Proceedings of the First Annual Conference of Economics, Business, and Social Science, ACEBISS 2019, 26 - 30 March, Jakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ACEBISS},
        year={2020},
        month={2},
        keywords={evolution development and islamic based sustainable},
        doi={10.4108/eai.26-3-2019.2290774}
    }
    
  • Muhamad Hazrin Sayuti
    Baihaki Abdullah
    Ahmad Nazrul Alif Yahya
    Year: 2020
    Selangor Productive Waqf Expansion Form
    ACEBISS
    EAI
    DOI: 10.4108/eai.26-3-2019.2290774
Muhamad Hazrin Sayuti1,*, Baihaki Abdullah1, Ahmad Nazrul Alif Yahya1
  • 1: Centre For Islamic Development Management Studies, USM, Malaysia
*Contact email: ayeinhaz@yahoo.com

Abstract

This paperwork discuss Selangor productive waqf expansion form that is implemented by Selangor Waqf Corporations (SWC) that is incorporated its management by the Selangor Islamic Council (SIC). Productive waqf as the main mechanism in giving support to the development of all ummah because of its dynamic attribute bringing positive changes in the development and welfare of the society. Thus, productive waqf is an important investment to ensure the benefits generated from waqf asset continues to remain productive and can be channelled continuously to mawkuf ‘alaih. Productive waqf will give a big impact on the development of society in every aspect, both in terms of social or economic. Hence, the implementation of productive waqf needs to be creative, innovative, and proactive based on syari'e. The productive waqf aspect comprises of two main objectives which are to give a general understanding to readers about the productive waqf concept and implementation of productive waqf form under SWC. This research uses a qualitative methods that documents research while the collecting data is obtained through content analysis. The result shows that innovation implemented with the help of corporate companies has given wide opportunities to the waqf institution to expand its role and give greater benefits to society. It also gives a positive implication to understand the importance of productive waqf in Selangor hence increase the Muslim society's trust towards SIC to continue to waqf.