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From Compliance To Value Creation: Reframing Sustainable Waqf Governance Through a Value-Based Perspective Abdullah A. Afifi; Adamu Abubakar Muhammad
Journal of Regional Development and Technology Initiatives Vol. 4 No. 2 (2026)
Publisher : IDRIS Darulfunun Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58764/j.jrdti.2026.4.211

Abstract

The governance of waqf institutions has traditionally been evaluated through the lenses of legal compliance, shariah adherence, accountability, and transparency. While these governance principles are fundamental to safeguarding endowed assets and maintaining public trust, they offer limited insight into how governance contributes to the long-term sustainability and value creation of waqf institutions. This conceptual paper argues that sustainable waqf governance should be reframed from a compliance-oriented approach to a value-based perspective, in which governance functions not merely as a control mechanism but as a strategic enabler of sustainable economic and social value creation. Drawing upon the Waqf Business Model (WBM), the paper demonstrates that governance is not simply an organizational function but an embedded capability operating across the entire business model, coordinating endowed resources, institutional mechanisms, ethical principles, and stakeholder ecosystems to transform waqf assets into sustainable value. Rather than treating governance as a standalone structural component, the WBM illustrates how governance shapes every stage of value creation, from the stewardship of endowed capital and institutional development to ecosystem collaboration and long-term societal impact. By positioning the WBM as a conceptual lens for understanding value-based governance, the paper extends the discourse on waqf governance beyond institutional accountability toward governance as a strategic capability for sustainable value creation. The paper contributes to the waqf governance literature by bridging governance and business model thinking, demonstrating that governance should be evaluated not only by its effectiveness in ensuring compliance but also by its capacity to orchestrate sustainable economic and social value creation.
Need For Constitutional Review To Accommodate Zakat And Waqf Laws In Nigeria Adamu Abubakar Muhammad; Adam Muhammad Ardo; Bashir Liman Mashema; Anas Adam Muhammad
Constitution Journal Vol. 3 No. 2 (2024): December
Publisher : UIN Kiai Haji Ahmad Sidiq Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719./constitution.v3i2.104

Abstract

This paper investigates the fundamental elements of Islamic social welfare and economic systems Waqf and Zakat. As required almsgiving and charitable endowments, they are essential to wealth redistribution and communal support. Regardless of their relevance, the absence of official recognition and incorporation within the national legal system poses significant obstacles for these institutions in Nigeria. In an effort to increase the effectiveness and influence of Zakat and Waqf legislation in Nigeria, this study makes the case for a constitutional review that would include them. A qualitative research approach was taken, utilizing contents analysis for data analysis as well as literature and interview to obtain pertinent information. According to the research, the Nigerian constitution does not explicitly and immediately formalize the Waqf and Zakat institutions, and new legislation is required to enable their creation and management. The study offers a thorough analysis of pertinent federal laws and acts as a viable remedy to improve the Waqf and Zakat systems throughout Nigeria.