Economics of Waqf Institution

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Journal Paper

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Journal: EGHTESAD-E ISLAMI Year:2021 | Volume:21 | Issue:81 Page(s): 5-29

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Information Journal Paper

Title

Economics of Waqf Institution

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Keywords

Waqf InstitutionQ4

waqf EconomicsQ4

Third Section EconomicsQ4

Giving EconomicsQ4

Islamic FinanceQ4

Abstract

Despite the importance of the Waqf Institution in Islamic economics and despite its brilliant history in the ancient Islamic civilization, today this institution faces challenges in terms of efficiency, organization and school. To solve these challenges, the officials of this institution seek to "design a comprehensive system of waqf economic transformation"; However, the subject of "the economics of the Waqf Institution" and its components and dimensions are not scientifically and academically available even to the staff of this institution to solve problems in a scientific way and to solve its problems. The economy of the Waqf Institution is one of the subdivisions of the economy of the third sector, which today in some developed countries has a share of up to about 10% of GDP. Unfortunately, the share of the third sector in Iran's economy is small, and the study of the "economy of the Waqf Institution" can to some extent draw the attention of the people and the government of the Islamic Republic of Iran to the expansion and deepening of this sector. Of course, explaining the "economics of the Waqf Institution" requires the explanation of the three scientific fields of "waqf jurisprudence", "economics of the third part and its subdivision, namely, the economy of Dahesh" and "Islamic finance". To provide the necessary legal jurisprudential framework for the economic micro-system of the third sector; Second, the scientific study of the "economics of the third sector and its subdivision, that is, the economics of tenure" as a field of "all needs" to provide the economic insight necessary to enter the research; Finally, the science of "Islamic finance" as a field of refinement of "post-need" provides the possibility of efficiency of the waqf economy in the field of instrumentation.

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