文章基本信息

标题：DEVELOPING ISLAMIC WAQF BANK AS A MECHANISM FOR FINANCIAL SYSTEM STABILITY
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作者：Muhammad Ridhwan Ab. Aziz
期刊名称：Journal of Islamic Monetary Economics and Finance
印刷版ISSN：2460-6146
电子版ISSN：2460-6618
出版年度：2017
卷号：3
期号：1
页码：61-80
语种：English
出版社：Bank Indonesia
摘要：The establishment of Islamic banking institution all over the world is often related to the proclivity of muslims to live all aspects of their lives in accordancewith the teachings of Islam.Islamic bank is one of the components in Islamicfinancial sector that plays very vital role to generate the growth of economicsamong muslim society.Indeed,Islamic bank was more robust to the financialcrisis compared to the conventional banking institution.Cash waqf is a trust fundestablished with money to provide services to mankind in the name of Allah,Thegifted capital then will be spent for all sorts of pious and social purposes inclusivefor the financing and investment objectives.It is recognized that there is limitedstudy in the area of cash waqf especially in the development of Islamic waqf bank(IWB).The main objective of this article is to analyze the possibility and obstaclesin developing IWB in the mainstream Islamic financial institutions.The methodo-logy of research in this article is through a qualitative research based on interviewwith relevant officers in the Islamic banking,waqf,and academic sectors.Thegeneral finding in this article shows that IWB can apply cash waqf structure,whereby the cash waqf fund must be converted into fixed assets such as land andbuildings.The rental income from the fixed assets and investments then can bechannelled to waqf beneficiaries such as funding students' education,healthassistance,giving financing to the entrepreneur,and enhancing muslim economyin various fields.Nevertheless,a proper mechanism of IWB must be developed inorder to avoid any obstacles in terms of capital requirement,risky investment,limited number of experts in the field of Islamic bank and waqf as well as legaland regulation requirement.
关键词：Islamic Waqf Bank;Cash waqf;Islamic finance;Fnancial system