文章基本信息

标题：Financial Cooperatives based on Waqf for Affordable Housing in Karachi
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作者：Muhammad Kashif Khan ; Siti Zaleha Abd Rasid ; Barjoyai Bin Bardai 等
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2019
卷号：9
期号：8
页码：134-143
DOI：10.6007/IJARBSS/v9-i8/6223
语种：English
出版社：Human Resource Management Academic Research Society
摘要：The issue of affordable housing in Karachi is worse as two third of Karachi population is considered poor. These low incomes earning people of Karachi people have been striving hard for shelter for a long time but unable to do so because of their low disposable income. They have been caught in a dilemma between spending on high rentals or on other necessities such as education, nutrition etc. many decades. As a result, they are forced to live in illegal settlements or slums where they are compelled to compromise on their social/ethical values and better upbringing of their children. It is estimated that around eighty thousand homes are required each year in Karachi and because of constantly increasing fiscal and budgetary deficits, Pakistan government is unable to cater to this demand. This purpose of this study is to offer a solution between this wide gap between this demand and supply situation of housing units in Karachi through creating a synergy between housing cooperative and waqf. Moreover, this paper attempts to identify two innovative waqf based financing tools to overcome the problem of lack of initial funding for the development of housing cooperatives.