Examining the feasibility of waqf (Islamic endowment)-based takāful model from the Malaysian legal perspective

• Main Authors: Megat Laksana, Nan Noorhidayu, Che Mohd Salleh, Marhanum, Che Embi, Nor Azizan
• Format: Article
• Language: English
• Published: IIUM Press 2020
• Subjects: H Social Sciences (General); H10 Societies; HJ Public Finance
• Online Access: http://irep.iium.edu.my/82862/1/Journal%20Usul%20Fiqh_Takaful%20Model.pdf; http://irep.iium.edu.my/82862/; https://journals.iium.edu.my/al-fiqh/index.php/al-fiqh/article/view/175/87
• Institution: Universiti Islam Antarabangsa Malaysia

In 2004, the State Islamic Religious Council (SIRC) in Malaysia stated their concern on jurisdiction pertaining to control of state waqf assets, which were different among the states in Malaysia. Based on discussions with the legal experts, they have proposed the adoption of the agency principle in...