Mechanisms For Building Waqf Capital: The Experience Of Malaysia, Indonesia, Saudi Arabia And Türkiye

Authors

  • Muzaffar KAMILOV

DOI:

https://doi.org/10.57033/mijournals-2026-9-0307

Keywords:

waqf, cash waqf, waqf capital, sukuk, investment fund, nazir, Islamic finance, tax incentive

Abstract

The article provides a comparative analysis of contemporary legal and institutional mechanisms for building and developing waqf capital in four countries. It examines Malaysia’s digital cash waqf platform and capital market framework, Indonesia’s cash waqf certificate and cash waqf linked sukuk, Saudi Arabia’s waqf investment funds and tax incentives, and the historical institutional link between waqf and banking in Türkiye. The study shows that developing waqf capital does not require a separate “waqf bank”; it is sufficient to connect existing financial infrastructure through sound legal arrangements.

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References

1. Kenjaboyeva, R. (2026). Administration, Judicial Practice and Finance in the Waqf Experience of Foreign Countries. Tashkent: Zilol buloq.

2. Law of the Republic of Indonesia No. 41 of 2004 on Waqf (2004). Jakarta.

3. Malaysia Securities Commission (2020). Waqf-Featured Fund Framework. Kuala Lumpur.

4. Saudi Arabia General Authority for Awqaf (2023). Waqf Investment Funds: Regulatory Requirements. Riyadh.

5. Türkiye Vakıflar Bankası Türk Anonim Ortaklığı Kanunu, No. 6219 (1954). Ankara.

6. Yayasan Waqaf Malaysia (2026). Tax Deduction under Subsection 44(11C) of the Income Tax Act 1967. Kuala Lumpur. 744 E-ISSN 3069-8375

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Published

2026-09-29

Issue

Vol. 2 No. 9 (2026)

Section

Articles

License

Copyright (c) 2026 Muzaffar KAMILOV (##default.groups.name.author##)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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How to Cite

Mechanisms For Building Waqf Capital: The Experience Of Malaysia, Indonesia, Saudi Arabia And Türkiye. (2026). The Journal of Interdisciplinary Human Studies, 2(9), 307-311. https://doi.org/10.57033/mijournals-2026-9-0307