DEVELOPMENT OF WAQF LAND FOR ECONOMIC DEVELOPMENT: IS A HOTEL A VIABLE PROJECT?

Author:

Mohamad Suhaimi Farhana1,Mohamad Suhaimi Ahmad Fatin2

Affiliation:

1. Faculty of Syariah and Law, Universiti Sains Islam Malaysia

2. Kolej Universiti Islam Antarabangsa Selangor

Abstract

This article examines waqf(pious endowment) hotel projects developed by Yayasan Waqaf Malaysia(YWM) for the economic development of Malaysian communities. Hotel projects were selected as the scope of this study because of their function as large-scale commercial projects and their impact on the development of Malaysian communities. The study involved three waqfhotel projects in Peninsular Malaysia. This study used interviews as primary sources and relevant documents as secondary sources. Data were analysed using a thematic approach. This study found that waqf hotel projects contribute to the economy through the optimal use of land resources, income generation and employment opportunities. Thus, the implementation of waqfhotel projects have the ability to contribute to the socio-economic development of society and the state.

Publisher

Universiti Sains Islam Malaysia

Subject

Pharmacology

Reference26 articles.

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2. Abattouy, Mohammed & Al-Hassani, Salim T S. 2014. “The Role of AwqÄf in Developing Islamic Civilisation: Definition, History, Functions and Articulations with Societyâ€, Foundation for Science, Technology and Civilisation, UK, in Khan, M. Tariq, “Contribution of Islamic Waqf in Poverty Reduction†(paper presented at the 30th AGM and Conference of the PSDE, Islamabad, on December 2-4, 2014)

3. Abouleish, Ezzat. 1979. “Contribution of Islam to Medicineâ€. The Journal IMA (June 1979): 28-45

4. Budiman, Mochammad Arif & Kusuma, Dimas Bagus Wiranata. 2011. “The Economic Significance of Waqf: A Macro Perspective†(paper presented at the 8th International Conference on Tawhidi Methodology Applied to Islamic Microenterprise Development at Jakarta, on January 7-8, 2011)

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