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| Article Name : | | | DEVELOPMENT OF WAQF PROPERTY USING ISLAMIC MODE OF FINANCE ( MUDARABAH) | | Author Name : | | | Mansha Rafiq | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-4203 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | This paper is a review of some of the studies based on the development of waqf property using one of the innovative mode of Islamic finance – Mudarabah which may be termed as Partnership contract. The development of awqaf property has always been a matter of discussion and a lot of studies have been carried out to discuss the new techniques that could be implemented to finance the awqaf properties in a manner which is compliant with the Islamic law as well as beneficial to the society. The biggest hindrance however is the lack of funds for regenerating the productivity of the waqf land, therefore financing a waqf property is a challenge that requires Shariah as well as waqf law compliance. | | Keywords : | | |
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