Waqf Management Through Fintech in Malaysia

Authors

  • Zaki Ahmad School of Economics, Finance and Banking, Universiti Utara Malaysia
  • Mushtaq Ahmed Hamdard University Pakistan & Islamic Business School, University Utara Malaysia
  • Mahvish Nawaz Mokal School of Language, Civilisation and Philosophy, University Utara Malaysia

DOI:

https://doi.org/10.31436/jif.v12i2.829

Keywords:

Fintech, Crowd Funding, Cash, Malaysia

Abstract

Cash Waqf has gained acceptability in Malaysia, with the Malaysian National Fatwa Council issuing a fatwa allowing cash Waqf in 2007. Waqf is seen as a strong instrument that could help Malaysia's poverty problems. Waqf management in Malaysia has to be strengthened and revitalized, nevertheless. The goal of this study to provide a technology-based model (FinTech) to modernise the administration and investment of Islamic charity endowments, known as Waqf as a solution for disadvantaged areas that were being suffocated by a lack of financial goods and services. The study concludes on the note that FinTech business is an alternative platform may be accessible at any time for the beneficiaries.

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Published

2023-12-31

How to Cite

Zaki Ahmad, Mushtaq Ahmed, & Mahvish Nawaz Mokal. (2023). Waqf Management Through Fintech in Malaysia. Journal of Islamic Finance, 12(2), 114–125. https://doi.org/10.31436/jif.v12i2.829

Issue

Vol. 12 No. 2 (2023)

Section

Articles

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