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What is Waqf Institutions

Challenges and Impacts of Religious Endowments on Global Economics and Finance
Are best understood as NPOs that are responsible for managing waqf funds and properties (endowments) in Muslim countries.
Published in Chapter:
Towards Knowledge-Based Waqf Organizations
Abdelkader Laallam (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia), Salina Kassim (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia), Engku Rabiah Adawiah (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia), and Buerhan Saiti (Istanbul Sabahattin Zaim University, Turkey)
DOI: 10.4018/978-1-7998-1245-6.ch006
Abstract
The world is changing at a great pace and acceleration. The role of science, knowledge, and learning has emerged, in developing and adopting appropriate methods to manage and transfer knowledge and experience within an organization and making it available for everyone to share and exchange easily, through knowledge fountains and databases. This chapter introduces the concept of knowledge management to waqf institutions and the potential contribution that can be provided by this in solving many problems and challenges confronting them, in the hope of achieving a qualitative leap in performance and restoring their leading role in societies. There is some evidence that researchers have addressed the issue of knowledge management in the context of waqf institutions. Consequently, this chapter draws attention to the importance of knowledge management for waqf institutions, with the intent of providing a comprehensive understanding of this topic and its association with the organizational performance enhancements, from different angles.
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