Waqf and Socio-Economic Development (PB)

The third sector namely Awqaf, microfinance, and philanthropy have been to a large degree ignored by policy makers and have, therefore, remained under devoloped. The potential for social investment remains dormant as Awqaf sector remains untapped by private investment. The significance of Awqaf as a charitable trust sector has been increasingly recognized, by many countries. The awqaf need to contribute effectively to the socio-economics development and assist the poor. Thus, countries need to develop and implement policies that would encoutage the establishment of Awqaf sector. In this context, assistance would be provided in various forms. This includes by drawing experiences from other countries that have developed this sector. This book contains papers that deal towards the objective of designing a better framework for Awqaf management projects. The papers cover a wide array of Awqaf issues including the best practices of the Awqaf management models and the current challenges and opportunities in developing Awqaf for socio-economic development from the perspective of regulators.