The Role of Cash-Waqf in Societal Responsibility: Learning From the Multi-Dimensional Approaches of International Organizations

The Role of Cash-Waqf in Societal Responsibility: Learning From the Multi-Dimensional Approaches of International Organizations

Adama Dembele (Istanbul Sabahattin Zaim University, Turkey), Buerhan Saiti (Istanbul Sabahattin Zaim University, Turkey) and Mehmet Bulut (Istanbul Sabahattin Zaim University, Turkey)
DOI: 10.4018/978-1-7998-1245-6.ch009

Abstract

The widespread poverty in the world has required multi-dimensional approaches and efforts to alleviate it and improve the life of the society at both national and global levels. As a result, many agencies, governmental bodies, and non-government organizations (NGOs) were formulated and established for this purpose with their own special objectives, scopes, visions, and missions. Different entities and agencies have taken various approaches and methods in the process of poverty eradication and are undertaking several programs in a large number of communities at the global scale. Meanwhile, the globalizations of poverty mitigation efforts and increasing number of agencies, operating in different communities, have increased the quick prevarication of different beliefs in the same community. One of the reasons for this is that each organization or agency has its own purposes, motives, values, and norms to directly or indirectly achieve by helping the people in need.
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2.1. Pillars of Waqf

Every waqf is formulated by five pillars some of them are like the pillars of any other contract in Islamic commercial law: expression of offer(sighah), founder(waqif), the subject matter of waqf(al-mawquf), the trustee(al-mutawalli) and the beneficiary (al-mawquf alaihi).

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