Table 4.
Summary of the Economic Development topic.
Sub-theme | Papers | Findings | What can be learned | Lessons for Governments | Further study for research |
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Economic Development | Abdullah (2018) | Seventeen objectives of the SDGs are in line with the long-term objective within shariah. Stakeholders can make developments on the basis of waqf on the SDGs framework. |
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Hisham et al. (2013) | The argument is that istibdal in Malaysia, if it is managed well, can support sustainable economic development. | ||||
Amuda et al. (2016) | Cash waqf collection can have a positive impact on human development. | ||||
Noor and Yunus (2014) | Build, Operate and Transfer (BOT) scheme offers shariah option, which suits waqf development. | ||||
Shabbir (2018) | Categorize waqf land and prioritize the four sectors, namely, agriculture, commercial, residential, and religious. | ||||
Mohsin (2013) | A cash waqf is to be channeled not only into the religious sector but also other sectors that many people need, such as education, health, commercial activities, infrastructure. | ||||
Shaikh et al. (2017) | The advantage of waqf is its flexibility on the uses for the beneficiaries. | ||||
Suhaimi et al. (2014) | The endowment fund scheme plays an important role in economic development in the Muslim community in Penang. | ||||
Iman and Mohammad (2017) | Waqf-based entrepreneurship can be an alternative for the welfare of society. | ||||
Sanusi and Shafiai (2015) | Waqf is proven to contribute to religious, economic, and social sectors by conducting a study on the two waqf institutions in Malaysia. | ||||
Adeyemi et al. (2016) | Awareness of a cash waqf is still low due to social and cultural problems, and less promotion in Malaysia. | ||||
Sulaiman and Zakari (2019) | Only one out of seven waqf institutions ensures financial sustainability. | ||||
Pitchay et al. (2018) | Cooperative-waqf model reflects an increase in participation in developing idle waqf land. | ||||
Thaker (2018) | Crowdfunding-waqf model (CWM) developing idle waqf land using information technology. | ||||
Thaker et al. (2018) |