Fiscal advantage of waqf and the rule of tax exemption for charitable purposes under the Income Tax act 1967

• Main Authors: Ismon, Nur Yuhanis, Hingun, Mohsin
• Format: Article
• Language: English; English
• Published: IIUM Press 2020
• Subjects: BPH Islamic Economics; BPH741 Waqf
• Online Access: http://irep.iium.edu.my/85329/1/FISCAL%20ADVANTAGE%20OF%20WAQF%20AND%20THE%20RULE%20OF%20TAX%20EXEMPTION.pdf; http://irep.iium.edu.my/85329/6/85329_FISCAL%20ADVANTAGE%20OF%20WAQF%20AND%20THE%20RULE_wos.pdf; http://irep.iium.edu.my/85329/; https://journals.iium.edu.my/iiumlj/index.php/iiumlj/article/view/501; https://doi.org/10.31436/iiumlj.v28i1.501
• Institution: Universiti Islam Antarabangsa Malaysia

This study explores the principle of waqf in the context of current tax policies governing waqf properties. In Islamic law, waqf is defined as charity where by the donor endows the property in the name of Allah SWT for the benefit of the public at large. However, for tax exempti...