MANAGEMENT AND DEVELOPMENT OF WAQF IN AFGHANISTAN

  • Obaidullah Abid Chief Islamic Banking Officer, First Micro Finance Bank, Head Office, Lane 8, Kolola Pushta Road, District, 4, Kabul- Afghanistan https://orcid.org/0009-0003-7732-1355
  • Sarferaz Miakhil Head of Shariah Department, Afghanistan International Bank, Head Office Airport Road, Bibi Mahro Kabul- Afghanistan https://orcid.org/0000-0001-8324-9124
Keywords: Al- Waqif (Founder), Al- Mawquf Alaih (The Beneficiary), Al-Mawquf (The Waqf Property), And Al-Sigha ) (The Declaration)

Abstract

This research delves into the importance and pertinence of Waqf in Afghanistan, charting its historical administration across time and emphasizing its customary utilization only for mosques and religious instruction across the country. It examines a number of aspects of Waqf in Afghanistan, such as its historical development of Waqf, the existence of Waqf laws in the country, its evolution throughout time, common difficulties of Waqf, a lack of awareness among the general public even on institutional level, and the required and necessity of updating Waqf customs in the nation. Amidst Afghanistan's ongoing problems with extreme poverty and high jobless rates brought on by years of hostilities and civil war. We believe that there is a chance to revive the Waqf tradition and modify it for use in modern settings. Afghanistan might learn from other prosperous Muslim countries by using Waqf as a tool for economic growth and creating a structure and plan that support charitable endeavors and self-sufficient Waqf-based institutions in the nation. Waqf is well-positioned to assist governmental initiatives in meeting community needs and achieving development goals within Waqf institutions in Afghanistan by fostering social welfare and promotes growth and development of the economy. Afghanistan's Waqf institution is excellent; it can help the government with a wide range of official duties.

 JEL Classification Codes: N35.

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Published
2024-04-24
How to Cite
Abid, O., & Miakhil, S. (2024). MANAGEMENT AND DEVELOPMENT OF WAQF IN AFGHANISTAN. International Journal of Sukuk and Waqf Research, 5(2), 1-8. https://doi.org/10.46281/ijswr.v5i2.2203
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper