Investigating Awqaf Management, Accounting and Investment Practices in Malaysia: The Case of a State Religious Institution

Name: Investigating Awqaf Management, Accounting and Investment Practices in Malaysia: The Case of a State Religious Institution
Author: Hisham Yaacob, Hairul Suhaimi Nahar

İsim	Investigating Awqaf Management, Accounting and Investment Practices in Malaysia: The Case of a State Religious Institution
Yazar	Hisham Yaacob, Hairul Suhaimi Nahar
Konu	Accounting, Investments, Liability (Law), Reporting, Waqf
Tür	Kitap
Dil	Arapça
Dijital	Evet
Yazma	Hayır
Kütüphane:	Danimarka Kraliyet Kütüphanesi
Demirbaş Numarası	ISSN: 2232-0474, EISSN: 2232-0482, DOI: 10.7187/GJAT12720170701
Kayıt Numarası	cdi_doaj_primary_oai_doaj_org_article_b2a365d431a84e938ab9efa9fd06ab2c
Lokasyon	Directory of Open Access Journals
Notlar	Social economy is gaining interest as an alternative to capitalist economy. As compared to its capitalist counterpart, social based economy is ethically and morally guided. This arguably possesses close alignment to the religious based economy among Muslims – The Islamic Economics. Waqf, which is equivalent to endowment in the non-Islamic context, is an important institution in the Islamic socioeconomic system. Widely practiced among Muslims since the Prophet Muhammad’s era, waqf has enhanced Muslims’ socio-economic strength particularly during the Ottoman era. This research revisits such religiously founded practice by examining the contemporary waqf accounting, reporting and investment practices of a selected waqf manager in Malaysia – The State Religious Institution (SRI). Adopting a qualitative approach to research inquiry using a single case study method, data were collected through interviews and documents’ review. The research finds observable weaknesses in the accounting, reporting and investment for waqf activities particularly on waqf assets. The available records suggest large improvement void in the focused areas, albeit it does not tantamount to detrimental effects on SIRC’s efforts in adequately safeguarding the waqf assets. The research provides fresh evidence of the contemporary accounting, reporting and investment practices of a religious institution entrusted to manage waqf funds operating in an emerging market.
Görüntüle	Global journal al-thaqafah, 2017-06, Vol.7 (1), p.59-70

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Investigating Awqaf Management, Accounting and Investment Practices in Malaysia: The Case of a State Religious Institution

Yazar Hisham Yaacob, Hairul Suhaimi Nahar

Konu Accounting, Investments, Liability (Law), Reporting, Waqf

Tür Kitap

Dil Arapça

Dijital Evet

Yazma Hayır

Kütüphane Danimarka Kraliyet Kütüphanesi

Demirbaş Numarası ISSN: 2232-0474, EISSN: 2232-0482, DOI: 10.7187/GJAT12720170701

Kayıt Numarası cdi_doaj_primary_oai_doaj_org_article_b2a365d431a84e938ab9efa9fd06ab2c

Lokasyon Directory of Open Access Journals

Notlar Social economy is gaining interest as an alternative to capitalist economy. As compared to its capitalist counterpart, social based economy is ethically and morally guided. This arguably possesses close alignment to the religious based economy among Muslims – The Islamic Economics. Waqf, which is equivalent to endowment in the non-Islamic context, is an important institution in the Islamic socioeconomic system. Widely practiced among Muslims since the Prophet Muhammad’s era, waqf has enhanced Muslims’ socio-economic strength particularly during the Ottoman era. This research revisits such religiously founded practice by examining the contemporary waqf accounting, reporting and investment practices of a selected waqf manager in Malaysia – The State Religious Institution (SRI). Adopting a qualitative approach to research inquiry using a single case study method, data were collected through interviews and documents’ review. The research finds observable weaknesses in the accounting, reporting and investment for waqf activities particularly on waqf assets. The available records suggest large improvement void in the focused areas, albeit it does not tantamount to detrimental effects on SIRC’s efforts in adequately safeguarding the waqf assets. The research provides fresh evidence of the contemporary accounting, reporting and investment practices of a religious institution entrusted to manage waqf funds operating in an emerging market.

Görüntüle Global journal al-thaqafah, 2017-06, Vol.7 (1), p.59-70