Sunday, February 7, 2010

Waqf, perpetual charity and poverty alleviation

by AbulHasan M Sadeq
International Journal of Social Economics 29,1/2 http://www.emeraldinsight.com/0306-8293.htm

2 issues in waqf-
• Creation of endowment
• Administration
A waqf body can raise cash waqf to finance development activities on landed waqf properties such as commercial buildings to generate further income.
This income is used to further the primary purpose of the waqf.
Waqf institution to provide educational, medical facilities and infrastructure
Waqf as poverty alleviation tool

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