WAQF INVESTMENT: A STUDY BETWEEN JURISPRUDENCE AND CONTEMPORARY APPLICATIONS

Jasim Zahir Hamood Alsalmani; Luqman Bin Hj Abdullah; Muhammad Ikhlas Bin Rosele

doi:10.5281/zenodo.16760174

AR EN

WAQF INVESTMENT: A STUDY BETWEEN JURISPRUDENCE AND CONTEMPORARY APPLICATIONS

Öz

The study discussed the investment of endowment funds in Islamic jurisprudence. The problem emerged in the need for a jurisprudential foundation that balances the preservation of endowment assets and the achievement of the highest levels of growth and sustainability of its returns, while adhering to precise Sharia controls. This imposes conditions on this investment, its contemporary applications, and its limits and legitimate forms according to Islamic jurisprudence. Therefore, the study aimed to: identify the types of endowment capital that may be invested in jurisprudence, and analyze the jurisprudential characteristics of each type in terms of the possibility of growth without compromising the endowment principal; analyze the Sharia controls for investing endowment funds as stated in Islamic jurisprudence sources; and identify forms of endowment investment in Islamic jurisprudence, with a focus on contemporary applications. The study adopted inductive, analytical, and comparative approaches. The results showed that Islamic banks have a role in expanding the forms of endowment investment in our contemporary time. Methods and forms of investing endowment funds have diversified, in the form of endowment investment funds, investment certificates, and endowment shares. Jurists' interpretations of investment methods in Islamic banks vary. Some endowment investment funds are based on mudaraba, others on investment agency, others on partnership, and so on with sukuk. The study recommended that, due to the diversity of investments in modern applications, the founder should work to ensure the continued sustainability of the endowment.

Anahtar Kelimeler

WAQF INVESTMENT: A STUDY BETWEEN JURISPRUDENCE AND CONTEMPORARY APPLICATIONS

Abstract

Abstract: The study discussed the investment of endowment funds in Islamic jurisprudence. The problem emerged in the need for a jurisprudential foundation that balances the preservation of endowment assets and the achievement of the highest levels of growth and sustainability of its returns, while adhering to precise Sharia controls. This imposes conditions on this investment, its contemporary applications, and its limits and legitimate forms according to Islamic jurisprudence. Therefore, the study aimed to: identify the types of endowment capital that may be invested in jurisprudence, and analyze the jurisprudential characteristics of each type in terms of the possibility of growth without compromising the endowment principal; analyze the Sharia controls for investing endowment funds as stated in Islamic jurisprudence sources; and identify forms of endowment investment in Islamic jurisprudence, with a focus on contemporary applications. The study adopted inductive, analytical, and comparative approaches. The results showed that Islamic banks have a role in expanding the forms of endowment investment in our contemporary time. Methods and forms of investing endowment funds have diversified, in the form of endowment investment funds, investment certificates, and endowment shares. Jurists' interpretations of investment methods in Islamic banks vary. Some endowment investment funds are based on mudaraba, others on investment agency, others on partnership, and so on with sukuk. The study recommended that, due to the diversity of investments in modern applications, the founder should work to ensure the continued sustainability of the endowment.

Keywords

References

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Details

Primary Language

Arabic

Subjects

Islamic Economy , Sociology of Law

Journal Section

Research Article

Authors

Jasim Zahir Hamood Alsalmani ^*
Malaysia

Luqman Bin Hj Abdullah
Malaysia

Muhammad Ikhlas Bin Rosele
Malaysia

Early Pub Date

August 7, 2025

Publication Date

August 30, 2025

Submission Date

June 1, 2025

Acceptance Date

July 9, 2025

Published in Issue

Year 2025 Volume: 11 Number: 32

DOI

https://doi.org/10.5281/zenodo.16760174

IZ

https://izlik.org/JA58TL58WX

Cite

RIS / Bibtex

EndNote

Alsalmani JZH, Bin Hj Abdullah L, Bin Rosele MI (August 1, 2025) WAQF INVESTMENT: A STUDY BETWEEN JURISPRUDENCE AND CONTEMPORARY APPLICATIONS. IJASOS- International E-journal of Advances in Social Sciences 11 32 54–70.