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Training: Waqf and Waqf-Based Islamic Financial Products

11 & 12 November 2021 (Thursday & Friday)
09:00am - 05:00pm (Malaysian Standard Time)
Venue: Zoom
 

 waqf training poster updated

 

Course Overview

WAQF (an Islamic endowment of property to be held in trust and used for a charitable, or religious purpose; or a Muslim religious or charitable foundation created by an endowed trust fund) has a long history in Islam. It has played — and, in many cases, continues to play — a pivotal role in the advancement of the socio-economic well-being of the Muslim community. Many phenomenal architectural relics and public infrastructures, all over the world, from the Atlantic to the Pacific, throughout the centuries, were funded by waqf. Al-Azhar University in Egypt, the University of Cordova in Spain and Al-Noori Hospital in Damascus, to name a few, are among the public projects financed by waqf funds. Some waqf institutions have survived for more than a millennium.

This course is designed to provide a comprehensive understanding of waqf, its practices and development in the modern time.

Learning Objectives

  1. To discuss the Shariah aspects of waqf
  2. To examine the various emerging waqf structures and models
  3. To analyse the integration of waqf with Islamic financial products
  4. To assess issues and challenges surrounding the practice and institution of waqf.

Agenda

Session 1: Introduction to Sadaqah

Sadaqah is encouraged in Islam. This noble Islamic concept can be divided into two categories, obligatory sadaqah and voluntary sadaqah. This session will introduce to the participants the concept of sadaqah and its relation to the concept of utility. It eventually shows that theoretically, sadaqah can increase utility. Understanding this concept will not only illustrate to us the beauty of Islam but will also motivate us to offer sadaqah. This session, by the end, will also focus on waqf and innovation.

Session 2: Fiqh of Waqf

This session discusses the Shariah aspects of waqf. It examines the Shariah discourse among Muslim jurists pertaining to the legitimacy of different forms of waqf asset.

Session 3: Cash Waqf and Financial Institutions

This session elaborates on the various uses of cash waqf for socio-economic development and how cash waqf is implemented in Islamic financial institutions such as Islamic cooperatives, Islamic banks, takaful, and the capital market.

Session 4: Waqf and Islamic Capital Market

Waqf assumes a perpetual nature and it is in line with the long term nature of capital market structures. This session discusses the application of waqf in the Islamic capital market (waqf and sukuk, waqf and shares). This session will guide participants in designing their own waqf structure for Islamic Capital Market instruments.

Session 5: Waqf for Education and Health

There are many examples of successful implementations of waqf in education and health sectors. This session is devoted to discussing the structure of waqf (land and other forms of assets) in support of the two sectors. By understanding the structure of waqf, participants will be able to construct their own waqf structure for these important sectors.

Session 6: Waqf Innovations

This session discusses the various innovations in the modern development of waqf such as waqf blockchain. The session is expected to provide fresh new ideas on waqf innovations.

Session 7:  Issues and Challenges of Waqf

This session discusses the issues and challenges entangling the practice and institution of waqf. By understanding the underlying issues and problems, participants will be able to apply mitigation mechanisms in addressing issues involving waqf management.

 

Fees:

Early Bird: RM400 (by 01 NOV 2021)

Normal: RM500

Group of 3 pax: RM1,000

Student: RM300

 

BANK DETAILS

CIMB Islamic Bank
Name: International Institute of Advanced Islamic Studies (IAIS) Malaysia
Account No.: 8600339794
Swift Code: CIBBMYKL

REGISTRATION

To regsiter kindly proceed to one of the following payment methods below, IAIS Staff will confirm your registration by email once payment is received and a Zoom link will be shared with all successfully registered participants a day before the training.

Payment Method 1: by direct deposit or online transfer made to the above account number. [Scan and email proof of payment inlcuding your Full Name, Email Address and Contact number to: This email address is being protected from spambots. You need JavaScript enabled to view it.

Payment Method 2:  by cheque or bank draft to be made payable to: International Institute of Advanced Islamic Studies (IAIS) Malaysia [inform us by email if you choose this method]
 
Payment Method 3:  by Credit Card (and register online)

register and pay

 

Participants From Indonesia who are unable to pay using any of the above methods can pay directly into the following account number. [Scan and email proof of payment inlcuding your Full Name, Email Address and Contact number to: This email address is being protected from spambots. You need JavaScript enabled to view it.
 
No Account: 7060008027   Bank Name: Bank Muamalat Indonesia   Bank Holder: M. Mahbubi Ali
 
Rate Conversion: 
RM400=IDR 1.370.000
RM500= IDR 1.700.000
RM300= IDR 1.030.000
RM1,000=IDR 3.420.000

 

CONTACT INFORMATION

International Institute of Advanced Islamic Studies (IAIS) Malaysia.
Jalan Ilmu, Off Jalan Universiti 59100 Kuala Lumpur, Malaysia.
Tel: +603-7956 9188
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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