Viability of Cash Waqf Models Under the Nigerian Law: An Appraisal
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Date
2016-01
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Islamic Law Review
Abstract
Cash awqaf (plural of waqf ) have been a well-recognised tool for social development of Muslims in various countries wherever they are being practiced. It is governed by set of Islamic principles pertaining to awqaf converted by some countries into legislation. In those countries, they have proven to be one of the tools for social welfare and alleviation and ultimate
eradication of poverty, based on the will of the waqeefs. In order to serve the purpose of their creation, it is better if the waqf money is allowed to be invested in the interest of the beneficiaries and growth of the awqaf. There are a number of legal issues pertaining to administration of cash waqf, which are yet to be addressed. The existing literatures on cash waqf also do not have
definite answers to them. In Nigeria, cash waqf is not well in practice. Because of this reason, there is lack of a legal framework on it. The paper reviewed the existing literatures on cash waqf, but they are not dealing with it in the
context of Nigeria. The paper presents an appraisal of the papers reviewed.
Description
Cash Waqf is a modern waqf system that is currently trending. This study presents an insight into the relevant literature on its potentials under the Nigeria law.
Keywords
Citation
Journal of Isamic Law Review