WHY GLOBAL WAQF GATEWAY?
WAQF is defined as ‘an endowment made by a Muslim to a religious, educational, social or charitable cause.’ It is a permanent and institutionalised act of donation upheld by its mission to increase and maximize the volume and value of Waqf assets globally. Waqf as a major socio-economic institution in the civilization history of the Muslim world, has indeed demonstrated its impact and efficacy as the social, spiritual and economic platform to meet the higher objectives and intents of Islamic law that has defined the well- being of the people.
Given the rise of new super structures of addressing innovation and creativity into the governance of organizations or institutions, a Global Waqf Development Gateway is proposed to extend the frontiers of new Waqf developments and initiatives. These are assisted by new thoughts and ideas, embarking in the pursuit of transformation and management of a sustainable socio-economic path for Muslim nations and community across the globe.
The new frontiers of waqf in the contemporary space and time are the following:
It is envisaged that a Global Waqf Gateway would achieve a value driven economic pursuit to foster a New Economy alternative and enhance Muslim unity and partnership with fellow citizens and stakeholders.
The overall objective of developing a Global Waqf Development Gateway is to drive the transformation of the economic and social integration together with the global economy towards a new era of prosperity, happiness and governance of justice, fairness in wealth generation asset management and distribution in the society.
|REPORT ON THE 5TH GLOBAL WAQF CONFERENCE 2017.pdf||2.86 MB|