Should Malaysian States Have a Fresh Approach to Waqfs? A Proposal for a Model Waqf Enactment

Abstract

Throughout history, waqfs were the most important instruments for redistribution and management of wealth in the Islamic world. They were at the same time the most important providers of education, health and a myriad of other essential services. Moreover, they did this not by coercion but by voluntary donations of Muslims. The achievements of this institution are visible throughout the Islamic world in the form of magnificent architectural monuments admired by all nations.