The Potential of Cash Waqf in the Socio-economic Development of Society in Kelantan

Abstract

Purpose – This study analyses the potential of cash waqf for the socio-economic development of Kelantan state. A cash waqf scheme was established by the Kelantan Islamic Religious Council (Majlis Agama Islam Kelantan or MAIK) in an effort to contribute to the socio-economic development of the Muslim community in that state.

Methodology/approach – A qualitative method of data acquisition through interviews. Among the informants interviewed were persons well versed with waqf and Islamic affairs, and several relevant public persons in Kelantan.

Findings – The results indicate that the people of Kelantan are optimistic about the success of cash waqf, although the implementation of this instrument is still in its infancy there. The socio-economic development factors of the economy, education, well-being, agriculture, health and religious affairs can be improved with the implementation of cash waqf.

Originality/value – This chapter is the first attempt to discuss the potential of cash waqf in Kelantan.

Citation

Che Hassan, S.N.A. and Rahman, A.A. (2018), "The Potential of Cash Waqf in the Socio-economic Development of Society in Kelantan", Rahman, A.A. (Ed.) New Developments in Islamic Economics, Emerald Publishing Limited, Leeds, pp. 67-82. https://doi.org/10.1108/978-1-78756-283-720181005