FEASIBILITY OF STOCK AND CASH WAQF: A FINANCIAL STOCK AND CASH WAQF INSTITUTION IN IRAN

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MESBAHI MOGHADAM GHOLAMREZA; SAYYAH SAJJAD; NADERI NOOR AYNI MOHAMAD MAHDI

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Journal: Journal of Iran's Economic Essays; an Islamic approach Year:2010 | Volume:6 | Issue:12 Page(s): 59-89

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Title

FEASIBILITY OF STOCK AND CASH WAQF: A FINANCIAL STOCK AND CASH WAQF INSTITUTION IN IRAN

Author(s)

MESBAHI MOGHADAM GHOLAMREZA | SAYYAH SAJJAD | NADERI NOOR AYNI MOHAMAD MAHDI | Issue Writer Certificate

Keywords

LEGAL FRAMEWORK OF WAQFQ3

STOCK AND CASH WAQFQ3

FINANCIAL WAQF INSTITUTIONQ3

Abstract

The institution of Waqf (endowment) has played a significant role throughout Islamic history, ever since the time of the holy Prophet (pbuh). Although this institution existed before the coming of Islam, Islam was the first religion to develop its legal framework and to regulate it. Thus, it became one of the devices created by the Muslims to render many crucial services in various sectors that are today financed by the state or the government, such as education, health care, national security, commercial business, transportation facilities shelter and food for the poor and needy, creating jobs, besides supporting the agricultural and industrial sectors without inflicting any cost on the government. This article underscores the importance of the establishment of this institution as a non-profit and a redistribution organization so as to drawn attention to the fact that it can provide financial support to the needy sectors of the Islamic world.This can be done by focusing on two sections: First, we will study the legal framework for the STOCK AND CASH WAQF; thereupon, by highlighting the role of the non-profit institution in the developed countries we will present a dynamic model of an effective financialwaqf institution that performs simultaneously two roles of maximizing stakeholders’ wealth and optimizing resources allocation, albeit in complete compliance with Shari' ah rules and the goals set by the endowers.

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APA: Copy

MESBAHI MOGHADAM, GHOLAMREZA, SAYYAH, SAJJAD, & NADERI NOOR AYNI, MOHAMAD MAHDI. (2010). FEASIBILITY OF STOCK AND CASH WAQF: A FINANCIAL STOCK AND CASH WAQF INSTITUTION IN IRAN. JOURNAL OF ECONOMIC ESSAYS, 6(12), 59-89. SID. https://sid.ir/paper/108960/en

Vancouver: Copy

MESBAHI MOGHADAM GHOLAMREZA, SAYYAH SAJJAD, NADERI NOOR AYNI MOHAMAD MAHDI. FEASIBILITY OF STOCK AND CASH WAQF: A FINANCIAL STOCK AND CASH WAQF INSTITUTION IN IRAN. JOURNAL OF ECONOMIC ESSAYS[Internet]. 2010;6(12):59-89. Available from: https://sid.ir/paper/108960/en

IEEE: Copy

GHOLAMREZA MESBAHI MOGHADAM, SAJJAD SAYYAH, and MOHAMAD MAHDI NADERI NOOR AYNI, “FEASIBILITY OF STOCK AND CASH WAQF: A FINANCIAL STOCK AND CASH WAQF INSTITUTION IN IRAN,” JOURNAL OF ECONOMIC ESSAYS, vol. 6, no. 12, pp. 59–89, 2010, [Online]. Available: https://sid.ir/paper/108960/en

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