Unleashing the Potential of Waqf Institutions through Good Governance and Standard Accounting Practice

Earlier in April, the Institute of Islamic Understanding Malaysia had organised a seminar on “Promoting Waqf as a Mainstream Tool in the National Economic Policy”. Several issues were discussed on the potential of waqf in supporting the social and economic development of the nation. One such issue perceived to impede its ability to unleash its fullest potential is the…

Promoting Charity Through Waqf

Waqf or its plural awqaf  is an Islamic instrument of wealth distribution that if properly structured and administered can provide perpetuate benefit to the entire society. Invariably, the historical significance of waqf in Islamic history cannot be overemphasised albeit the instrument was used to provide everything to the society from hospitals, schools, roads, bridges, orphanage shelters, and others.    …

The Awesome Power of Technology

God says in the Qur’an, “…And We bestowed upon you [the ability to make use of] iron, in which there is awesome power as well as benefits for man…” (al-Hadid, 57:25). Muhammad Asad, a modern commentator of the Qur’an, relates the verse to the fact that God has endowed mankind with the ability to derive…