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All Journal Journal of International Conference Proceedings Millah: Journal of Religious Studies
Djafri, Fares
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Religion Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

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Waqf As a Sustainable Solution: Addressing Climate Change Impacts on Real Estate Through Perpetual Endowment and Community Benefit Abdul Kader, Sharifah Zubaidah Syed; Baharudin, Mohammad Hidir; binti Mustafa, Maizatun; Mohd Yusoff, Rahmawati; binti Abdul Manaf, Zati Ilham; Djafri, Fares
Journal of International Conference Proceedings Vol 7, No 3 (2024): 2024 Global Waqf Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v7i3.3724

Abstract

Climate change poses significant risks to real estate, including extreme weather events, rising sea levels, and shifting climate patterns, threatening property integrity, and market value, and increasing maintenance and insurance costs. Traditional real estate markets often react, resulting in inadequate short-term solutions. In contrast, waqf, which focuses on everlasting endowment and communal benefit, provides a proactive and comprehensive approach to the management of real assets. Sustainability and long-term management in waqf can mitigate property price impacts. This study aims to explore the potential of waqf in addressing climate change impacts on real estate, emphasizing how its principles can be leveraged to enhance resilience and sustainability in the real estate sector. The research adopts a qualitative approach, analyzing primary and secondary materials through governing statutes, reported cases, and data from respective administrative bodies. This study finds waqf properties can be designated for uses promoting environmental sustainability, such as green spaces, conservation areas, and sustainable agriculture. By preserving natural environments, waqf properties can buffer against climate-related disasters, protecting nearby real estate and maintaining property values. In addition, waqf can provide financial assistance for climate adaptation and mitigation initiatives by reinvesting income into projects that improve climate resilience, such as improvements to infrastructure, energy-efficient building retrofits, and the development of early warning platforms. However, integrating waqf in addressing climate change impacts faces challenges, including legal and administrative hurdles, lack of awareness, and the need for capacity building. All in all, by leveraging its principles of sustainability, community benefit, and long-term stewardship, waqf can enhance the resilience of real estate assets and contribute to sustainable urban development
Achieving Wealth Preservation via Islamic Crowdfunding: An Analysis from Maqasidic View Al-Daihani, Meshari; Sarif, Suhaili; Dirie , Khadar Ahmed; Djafri, Fares; Abdul Muneem
Millah: Journal of Religious Studies Vol. 24, No. 2, August 2025
Publisher : Program Studi Ilmu Agama Islam Program Magister, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/millah.vol24.iss2.ar12

Abstract

Crowdfunding, a modern scheme of raising funds via online platforms, has garnered significant attention in recent years. This study explores crowdfunding through the lens of Islamic jurisprudence, explicitly examining its compatibility with Maqasid al-Shariah (the high objectives of Islamic law). This study utilises a qualitative research approach to explore the harmonious alignment of crowdfunding practices with Islamic principles. The findings illuminate that, despite its modern guise, crowdfunding is profoundly rooted in Islamic traditions, bolstered by diverse interpretations of the Quran and foundational Islamic beliefs. Remarkably, the study affirms that crowdfunding resonates with the essence of Maqasid al-Shariah, especially in its remarkable potential to preserve and enhance wealth (Māl). The implications of this research are crucial for policymakers and Islamic institutions seeking to leverage crowdfunding for economic growth and financial inclusion while adhering to Shariah principles. This study contributes to the growing literature on Islamic finance and fintech, offering a unique perspective on the intersection of faith and technology in financial innovation.
Co-Authors Abdul Kader, Sharifah Zubaidah Syed Abdul Muneem Al-Daihani, Meshari Baharudin, Mohammad Hidir binti Abdul Manaf, Zati Ilham binti Mustafa, Maizatun Dirie , Khadar Ahmed Mohd Yusoff, Rahmawati Suhaili Sarif