Land Administration and Development Studies (LAnDS)

An ideal financial mechanism for the development of waqf properties in Malaysia

Authors
Mohammad Tahir Sabit Mohammad, Abdul Hamid Mar Iman, Ismail Omar
Publication date
2005/8/30
Publisher
UTM
Description
Abstract The object of this study was to find an Ideal Financial Mechanism for the
development of Waqf properties in Malaysia. The problem is that waqf properties are thought
to be inalienable because they have to remain as waqf in perpetuity, which make the waqf
institutions not to use them as collateral for fear of losing them to the financers and the
financers are not willing to accept due to legal constrains arising from the same concept of
inalienability and perpetuity. To achieve its objective, this study proposes to substitute the ...