University of Bahrain
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The Role of Waqf in Financing Education: A Case Study of the Waqf Fund of Central Bank of Bahrain

Show simple item record Furstenberger, Philippe Gaston Hidayat, Sutan Emir HWA, Alfatih Gessan Pananjung 2018-07-19T08:21:16Z 2018-07-19T08:21:16Z 2017-12-01
dc.identifier.issn 2469-259X
dc.description.abstract This study aims to present the Waqf Fund model or cash Waqf model of the Central Bank of Bahrain (CBB) and illustrate its role in enhancing the Islamic finance industry through its various education related enterprises which were all applied in the Kingdom of Bahrain. The concept of Waqf is an old one in Islam. Deriving from the Arabic notion of holding, Waqf was first used in Islamic estate and has then developed through time to also be used for the well-being of the society, such as the financing of education. The Waqf Fund of the CBB was established in November 2006 in partnership with Islamic Financial Institutions in the Kingdom of Bahrain. With a total contributions amount of US$ 7.5 million, the Waqf Fund is dedicated to finance education related initiatives that center on Islamic finance. The achievements of the Waqf Fund of the CBB has produced a high level of success and satisfaction for its stakeholders and therefore its cash Waqf model could be a good example for other countries to implement. en_US
dc.language.iso en en_US
dc.publisher University of Bahrain en_US
dc.rights Attribution-NonCommercial-ShareAlike 4.0 International *
dc.rights.uri *
dc.subject Waqf en_US
dc.subject Cash Waqf en_US
dc.subject Waqf Fund en_US
dc.subject Education en_US
dc.subject Bahrain en_US
dc.title The Role of Waqf in Financing Education: A Case Study of the Waqf Fund of Central Bank of Bahrain en_US
dc.type Article en_US
dc.volume 03
dc.issue 02
dc.pagestart 92
dc.pageend 97
dc.source.title Journal of Islamic Financial Studies
dc.abbreviatedsourcetitle JIFS

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