THE ROLE OF WAQF SYSTEM IN ACHIEVING DEVELOPMENT AND ENSURING ITS SUSTAINABILITY

Document Type : Review Article

Authors

1 Post graduate student at Faculty of Graduate Studies and Environmental Research, Ain Shams University

2 Faculty of Commerce, Ain Shams University

3 Faculty of Religion Fundamentals, Al-Azhar University

Abstract

The concept of development has been receiving a wide attention since the mid-twentieth century, as the hope of developing countries to overcome their crises and achieve the social welfare for their citizens. Despite the successive evolution of the developments concept development have followed, the conditions of the majority of developing countries have remained without remarkable achievement, which requires the creation of new developmental proposals interact with the identity of these societies, and stimulates community participation efforts to achieve the desired accumulation. Awqaf system is one of the pillars of this vision, as it has historically been able to achieve development goals and meet the needs of society. Its continuity system has represented an early model for sustainable development, despite its diminished role in modern reality. Since the eighties, many Muslim societies have witnessed a wave of thought calling for the revival of the endowment, and looking to resume its role after making the adjustments required by the changes in reality and its contemporary developments. This research seeks to contribute to these efforts, drawing inspiration from Awqaf historical roles, which motivates the re-consideration of this system -with its comprehensiveness and independence- to the public sphere. For this reason, the research resorted to using the historical/ descriptive approach to understand and analuse the dimensions of the phenomenon and its rooting in the reality of society.
The research concluded with a number of results, the most important are: the necessity of continuing efforts to try to restore the endowment system from the government's hegemony to the civil sphere, while ensuring the continuation of the protective role of the state, in addition to other forms of support for the endowment system - such as legislation and tax incentives.
The research also presented a set of recommendations, including: The importance of diligence to develop the endowment system from both sides: jurisprudence, through new innovations for the patterns and foundations of endowment, and administrative: by developing systems for Awqaf managing and investing, in a manner that reassures society towards the safety and feasibility of directing donations to this sector.
 

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Journal of Environmental Science
Volume 50, Issue 11 - Serial Number 11
part.3:Economics Sciences
November 2021
Pages 265-285

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