THE 4th ASEAN Waqf Seminar 2017

The development of awqaf projects has become an agenda to enhance the economy of ummah and to boost up the importance of the third sector of economy.  The interest on the subject of waqf is on the rise at the global and national level especially among stakeholders in the Islamic world. His Royal Excellency YM Raja Dr. Nazrin Shah had made this observation in his keynote address delivered at the 5th Securities Commission-Oxford Centre for Islamic Studies Roundtable on Islamic Finance in Kuala Lumpur on 23 March 2014 (New Sunday Times, March 23 2014).  According to YM Raja Dr. Nazrin, several factors have contributed to the success factor of a awqaf institutions which include capital adequacy, governance, legislation, professional, and ethics.  Nevertheless, there is still lack of clear traditional waqf definition and negative perception from the public towards transparency and disclosure as well as improper ways of distributing the waqf efficiently and effectively.

The waqf institution has great potential among other things to provide educational opportunities, support for research activities, employment creation, reducing government responsibilities with respect to operating expenditure and to reduce dependence on government funding.

Many previous studies have recorded success of awqaf institutions that have been managed well for example on education and delivery of socio-economic services to communities. Waqf has also played an important role in the development of the economy of the Muslim ummah. Contributing cash waqf should be encouraged as common activities in the sense that this contribution can strengthen the faith and Taqwa of the Muslim community.

Objective

• To tighten up the collaboration with Islamic Religious State Council  as the sole trustee of waqf, ASEAN community and countries
• To gather the expertise of various institutions to improve the quality and quantity of research and innovation in the field of waqf and Ijtima’i application to promote philanthropy.
• To promote and improve waqf and Ijtima’i practices / philanthropic activities in the ASEAN region.
• To enhance sustainability of waqf and Islamic Social Finance for the development of global ummah through the formulation of informed policies for waqaf projects in the ASEAN region.

Keynote speaker

Y.Bhg. Datuk Dr. Mohd Daud Bakar: “Waqf : Financial Instrument Vis-a-Viz Religious Instrument”

Format

Those intending to present papers at IQLIMI 2017 must submit an abstract and a full paper to the secretariat on or before the 15 July  2017.

The abstract should not exceed more than 300 words, typed in font size 10, Times New Roman, single spaced and justified. Article can written in English, Malay or Arabic. An Abstract should contain: purpose of the study, method and findings. Please include not more than 5 keywords with the abstract.

References to other publications must be in American Psychology Association (APA) referencing style and references should be carefully checked for completeness, accuracy and consistency. Papers should follow the APA Format of Paper Writing.

Publication

All articles will be peer-reviewed and evaluated by an expert. Thus, all articles will be published in CD Proceeding with ISBN after been accepted by the reviewers. Selected paper that shows rigorous research and empirical based would be considered to be published in The Journal of Muamalat and Islamic Finance Research (JMIFR).

More information can be found here