Description

Awqaf can be used not only to provide basic necessities for the poor, but also to create or strengthen business support institutions that can reduce the cost of doing business for the poor. Awqaf can also be used to support and strengthen the infrastructure of institutions that can improve governance and reduce the cost of doing business. For example, information offices, market regulators, the provision of accounting services and other shared services for a group or for the whole society can be financed through waqf. And it is of elsewhere in this Islamic perspective This paper aims to shed light on the theoretical and practical aspects of the institution of the Waqf. And focuses on the application of these concepts and the possible roles that waqf can play in the socio-economic situation of Muslim societies.