Banking Model of Corporate Waqf: An Analysis of Wakaf Selangor

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Banking Model of Corporate Waqf: An Analysis of Wakaf Selangor
By:
Asharaf Mohd Ramli & Abdullaah Jalil 
Faculti Economi dan Muamalat
Universiti Sains Islam Malaysia

Introduction
Current development of waqf activities in Malaysia is the participation of corporate entities in the development and management of waqf properties. Corporate entities’ involvement in waqf practice could represent the ethical dimensions of the corporate world. This new concept of corporate waqf set the direction of managing waqf assets by corporate company, which known for their corporate culture of professionalism, accountability and transparency. A number of corporate figures and corporate bodies have been recognized to actively engage in the practice of waqf development and management comprehensively.

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