By Md Akther Uddin S.M. Belal Nur Azizi and Md Hakim Ali
Abstract
This paper studies the role of Waqf, an
Islamic economic institution, in bridging the investment gap for sustainable
development in Bangladesh. This study is mainly a qualitative research based on
secondary data that analyzed laws, policy and strategy papers, research
articles, books, newspapers and Internet sources. Our study shows
that Waqf can play a pivotal role in bridging the financing gap needed for
SDGs. Our research indicates that there are number of innovative Waqf
development models which can contribute to the development of education,
healthcare, social welfare, public utilities and infrastructure facilities.
However, a large portion of Waqf assets remain inactive and illegally occupied
by various vested interest group.
Revival of Waqf administration is important in order to realize the
immense potentials of this innovative Islamic social financing tool.
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