APPLICATION OF CASH WAQF SCHEME AS AN ALTERNATIVE WAY OF SUPPORTING UNDERPRIVILEGE
Abstract
Privilege is a right or social advantage in society while the underprivileged are poor that have no social advantages in society. Some of the fundamental rights of all members of civilized society are denied to them because of their economic or social circumstances. This paper aimed at providing an alternative solution for supporting the underprivileged through the application of the cash waqf scheme. The study used a basic qualitative research design. The data collection method was conducted through interviews with five underprivileged from different categories. Thematic analysis was used to examine and analyze the responses of the informants using Atlas.ti v8.0 qualitative data analysis tool. The data reveal that those from lower socioeconomic status have fewer advantages, privileges, and opportunities than people from higher socioeconomic status. The findings also show a positive and reliable impact of cash waqf scheme application as an alternative and enduring solution for supporting underprivileged people. Therefore, there is a need to have a durable and reliable solution to cater to underprivileged people so that they can live their lives in a well-balanced society.
Downloads
References
[2] Aderounmu, Busayo, Dominic Azuh, Olaronke Onanuga, Ogundipe Oluwatomisin, Bowale Ebenezer, and | Akunna Azuh. 2021. “Poverty Drivers and Nigeria’s Development: Implications for Policy Intervention.” Cogent Arts and Humanities 8(1).
[3] Ahmad, Mahadi. 2015. “Cash Waqf : Historical Evolution , Nature and Role as an Alternative to Riba-Based Financing for the Grass Root.” Journal of Islamic Finance 4(1):63–74.
[4] Chowdhury, Md Shahedur Rahman, Mohd Fahmi bin Ghazali, and Mohd Faisol Ibrahim. 2011. “Economics of Cash Waqf Management in Malaysia: A Proposed Cash WaqfF Model for Practitioners and Future Researchers.” African Journal of Business Management 5(30):12155–63.
[5] Group, World Bank. 2022. Poverty & Equity Brief Africa Western & Central Nigeria.
[6] Khan, Muhammad Kashif, Siti Zaleha Abd Rasid, Barjoyai Bardai, and Azman Hashim. 2019. “Waqf Cooperative Housing Model (WCHM) as an Innovative Solution for Affordable Housing.” International Journal of Innovation and Business Strategy (IJIBS) 12(2):36–48.
[7] Mohsin, Magda Ismail Abdel. 2013. “Financing Through Cash-Waqf: A Revitalization to Finance Different Needs.” International Journal of Islamic and Middle Eastern Finance and Management 6(4):304–21.
[8] Nafar, Nosratollah. 2018. “Affordable Housing Development and SDGs The Role of Islamic Finance.” (January):1–22.
[9] Nuruddeen, Muhammad Ibrahim. 2014. “Socio-Economic Role of Waqf in Kano , Nigeria : Reconsidering the Evidence and Suggesting a Need for Understanding Waqf Donors ‟ Philanthropic Motivations.” SSRN: Https://Ssrn.Com/Abstract=2468076 or Http://Dx.Doi.Org/10.2139/Ssrn.2468076 1–8.
[10] Razak, Dzul Jastri Abdul, Nor Azizan Che Embi, Marhanum Che Mohd Salleh, and Faaza Fakhrunnas. 2008. “A Study on Sources Of Waqf Funds for Higher Education in Selected Countries.” International Islamic University Malaysia 21(1):92–95.
[11] Saifuddin, Farhah, Saim Kayadibi, Refik Polat, Yahya Fidan, and Omer Kayadibi. 2014. “The Role of Cash Waqf in Property Alleviation: Case of Malaysia.” International Journal of Business, Economics and Law 4(1):171–79.
Copyright (c) 2022 IJRDO - Journal of Social Science and Humanities Research
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Author(s) and co-author(s) jointly and severally represent and warrant that the Article is original with the author(s) and does not infringe any copyright or violate any other right of any third parties, and that the Article has not been published elsewhere. Author(s) agree to the terms that the IJRDO Journal will have the full right to remove the published article on any misconduct found in the published article.