Waqf as Modern Islamic Financial Institution

Renat Bekkin

DOI: http://dx.doi.org/10.24848/islmlg.02.1.09

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In his paper Renat Bekkin explores modern contents of waqf pious endowment in Islam appeared in the response of challenges of globalization. He proposes a detailed investigation of waqf contracts and their local legal types including private (waqf khass) and family (waqf ahli), actual forms. A special attention is paid to the issue of state management of waqf endowment studied in the article on the example of the Islamic Republic of Iran as well as forms of state control over wag/endowments emerged throughout the Islamic world

in the 20th century. The author argues that despite permanent appeals to unchanging Sharia norms historical and legal development of waqf goes on, it continues adopting banking, business and other modern financial practices.



waqf; trust; state management; the world of Islam; globalization; finance


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DOI: http://dx.doi.org/10.24848/islmlg.02.1.09