TINJAUAN ISU-ISU YANG MEMBATASKAN PENGGUNAAN WAKAF DALAM PEMBANGUNAN EKONOMI UMMAH DI MALAYSIA

Abstract

Waqf is one of the Islamic instituti(l'l:) that combine spiritual and material
element in economic development. It is a balanced development institution
that is important for developing economics of ummah. This is based on
history for its role in developing ummah in the countries such as Egypt,
Turkey, Saudi Arabia and Kuwait. In Malaysia, the waqf institution is not
functioning very well in improving economics well being of ummah. The
focus of this study is to examine the preliminary issues that restrict the proper
implementation of waqf in economic planning in Malaysia. Firstly, the issue
is on the problem in clarification on how to develop the waqf according to
the Islamic scholar's opinion. Secondly, the issue is on the legislation
obstacles, and the third issue is on the problem of Baitul Mal's administration
that is inefficient and unsystematic.