Promoting the Institution of Waqf for Socio-economic Development in Islamic Societies

Abstract

For a healthy, and harmonious society, a share of the income and wealth of the relatively rich
must be passed on to those who might not be able to get resources sufficient for their survival. It would enhance financial and social inclusion boosting overall economic growth by helping poor people maintain their human capital for the future and by promoting countercyclical economic policy. It would assist in the growth of the economy and equitable sharing of wealth.......