Waqf Management Through Fintech in 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.