Airlangga International Journal of Islamic Economics and Finance
Vol. 3 No. 2 (2020): JULY-DECEMBER 2020

ISLAMIC CONCEPT OF WAQF: CHALLENGES AND PROSPECTS WITH REFERENCE TO THE JAMMU AND KASHMIR MUSLIM WAQF BOARD

Zahid Ahmad Dar (University of Kashmir)



Article Info

Publish Date
14 Dec 2020

Abstract

Allah sent Adam (A.S.) and His Kin on earth and made them to pass through diverse phases of life following His guidance from time to time through various prophets for each community, nation. In a society, He made them to depend on one another by bestowing some over the other to maintain the integrity of brotherhood, cooperation and so on. The challenging aspect in this way is the financial security which works against the greedy nature of a Man. In addition to Huqūq al-Allah, Islam also stresses on Huqūq al-‘Ibād, wherein helping someone economically becomes an important facet. To bring this idea into action, an institution has been developed named as ‘Waqf’ which provides all possible help to the downtrodden and marginalized section of the society. It plays very substantial role in the overall prosperity of both Muslims and non-Muslims. This paper aims at deliberating on present scenario of Waqf in the Union Territory of Jammu and Kashmir, India and highlights challenges to this institution, a barrier in overall development and security of a well-to-do society.

Copyrights © 2020






Journal Info

Abbrev

AIJIEF

Publisher

Subject

Economics, Econometrics & Finance

Description

Airlangga International Journal of Islamic Economic and finance (AIJIEF) publishes quality and in-depth analysis of current issues within Islamic finance and Islamic economics. The journal welcomes robust evidence-based empirical studies and results-focused case studies that share research in ...