Abstract
During the early period of the Islamic civilization, the role of the institution of waqf covered almost all service sectors, such as health, education, basic infrastructures, business and commercial activities, job creation, food provision for the hungry and the animals, shelter provision for the poor and needy, in addition to supporting the agricultural and industrial sectors without any cost to the government. However, this role has deteriorated since the beginning of the nineteenth century up to the present time. Such that the situation of all waqf properties is that of idleness, neglect and unproductiveness in almost all Muslim societies. This situation forced individuals, governments and companies to revive this institution. The beginning of the twenty-first century thus witnessed a revival of all Islamic financial institutions, including the institution of waqf.
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Mohsin, M.I.A. et al. (2016). Development and Administration of the Institution of Waqf (Past and Present). In: Financing the Development of Old Waqf Properties. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-58128-0_2
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DOI: https://doi.org/10.1057/978-1-137-58128-0_2
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