Unleashing the potential of waqf

Last month, Ikim organised a seminar on “Promoting Waqf as a Mainstream Tool in the National Economic Policy”. Several issues were discussed on the potential of waqf in supporting the social and economic development of the nation. One such issue perceived to impede its ability to unleash its fullest potential is the prevalent scepticism about the capability and professionalism of waqf management in managing its assets. Undoubtedly, waqf institutions – especially those under the purview of state religious councils – that are as professionally managed as well-governed corporations can significantly contribute towards improving the welfare standards and quality of life of many in a particular location or state.