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All Journal Dikdimas : Jurnal Pengabdian Kepada Masyarakat Al-Imam : Journal on Islamic Studies, Civilization And Learning Societies Jurnal Pendidikan Teknologi Informasi dan Komunikasi Indonesian Journal for Islamic Studies Perwakilan: Journal of Good Governance, Diplomacy, Customary Institutionalization and Social Networks Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
Adam Muhammad Ardo
Modibbo Yusufa Foundation, Gombe State, Nigeria
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Nursing Social Sciences Other

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Reinterpreting Waqf in Light of Contemporary Socio-Economic Realities Shafa'at Ahmad Aliyu; Adamu Abubakar Muhammad; Adam Muhammad Ardo; Maryam Adam
Perwakilan: Journal of Good Governance, Diplomacy, Customary Institutionalization and Social Networks Vol. 3 No. 2 (2025)
Publisher : IDRIS Darulfunun Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58764/j.prwkl.2025.3.137

Abstract

Waqf (Islamic endowment) has historically been a key driver of socioeconomic development in Muslim cultures, funding education, healthcare, social welfare, and public infrastructure. However, conventional waqf administration and utilization strategies have struggled to adequately address modern socioeconomic concerns like as poverty, unemployment, urbanization, financial isolation, and inadequate institutional governance. This research investigates the importance of reinterpreting waqf within the context of present socioeconomic realities while maintaining true to its classical juristic roots. The study uses a qualitative and analytical approach on Qur'anic principles, Prophetic traditions, classical fiqh literature, and modern Islamic finance scholarship to explore how waqf can be revitalized through innovative instruments, institutional reforms, and integration with modern economic systems. The research advocates for a maq??id al-shar??ah-oriented reinterpretation of waqf, which provides for greater flexibility in asset management, investment strategies, and governance structures while maintaining its perpetual and benevolent nature. The findings demonstrate the ability of contemporary waqf models such as cash waqf, corporate waqf, waqf-based social finance, and public-private partnerships to satisfy current developmental requirements in a sustainable manner. The research concludes that reinterpreting waqf in light of current socioeconomic conditions is not a departure from Islamic tradition, but rather a necessary evolution that can reposition waqf as a dynamic tool for inclusive growth, social justice, and sustainable development in today's Muslim world.
Co-Authors Abubakar Aliyu Yakub Adamu Abubakar Muhammad Adamu Abubakar Muhammad Adamu Abubakar Muhammad Adamu Abubakar Muhammad Adamu Abubakar Muhammad Bala Babangida Hamza Abubakar Hussaini Maryam Adam Muhammad Bello Adam Nabeela Usman El-Nafaty Rabi Shehu Dalhatu Shafa'at Ahmad Aliyu Shafa’at Ahmad Aliyu Yakubu Zulaihat Muhammed Zuwaira Jibril Muhammad