Papers by Magda Abdel Mohsin
Making endowment for a good cause
Smart Waqf City for Education – an experience in Darussalam Gontor, Indonesia
Awqaf-led Islamic Social Finance, 2020
Towards understanding the structure of Islamic economic system in solving the current economics and financial crisis
Abstract: Islam is not just a religion of worship; it is a comprehensive discipline that includes... more Abstract: Islam is not just a religion of worship; it is a comprehensive discipline that includes all aspect of sciences including economics. It provides many institutions that have to function in parallel in order to meet a just and a welfare society for all. The current global economics and financial crises urged economists to search for alternative institutions to solve these crises. This brings in the question of whether the Islamic economic system is capable of solving such crises or not. The main objective of this paper is to present the different Islamic institutions within the structure of the Islamic economic system, and to show their roles in handling the current economics and financial crisis. This research uses both primary and secondary sources. Data collected from primary sources includes text from the Quran and ahadith from the Sunnah (saying of the Prophet (pbuh), while data collected from secondary sources includes books, articles, journals besides websites and e-books. The expected finding of this research is to give a comprehensive structure of the Islamic economic system, as provided in Quran and Sunnah. This in turn will open the door wider from more researchers to study and to examine the different institutions within the structure of the Islamic economic system in depth which God/Allah (swt) provided to serve all mankind in the best way. Key words: economics; crises; Islamic financial institutions; remedies.
Transformation of idle waqf properties into income generating properties for socio economic development (successful cases worth attention)
Islamic financial institutions: remedy for the current economics and financial crisis
Inclusion of faith based financial institutions to achieve SDGs via Islamic & social finance
Islamic finance: how it can reduce the gap between the rich and the poor
Islamic Case Study: Zakah alleviating poverty through tax rebate
ABSTRACT From a mere glance at Muslim countries today, we realize that they are classified as thi... more ABSTRACT From a mere glance at Muslim countries today, we realize that they are classified as third world countries even though they are adopting a secular system. The recent statistical data of 2009 shows that the majority of people who live below poverty are found in Muslim countries such as; Afghanistan 53%, Eritrea 50%, Yemen 45%, Bangladesh 45%, Sudan 40%, Pakistan 24%, Algeria 23%, Egypt 20%, Turkey 20%, and Indonesia 18%. Some scholars related this fact to the oppression, humiliation and the bad policies which had been imposed to almost all Muslim countries during colonization and which continued up to the present time. Others related this to the incompetence and the corruption on the part of their governments. We cannot deny the above mentioned reasons as the catalyst for the spread of poverty in the Islamic world and the recent uprisings.
Evolution of waqf practices: sky is the limit for innovations
SEDONA, 2019
Role of Zakat in Responding to COVID-19 Pandemic: Lessons Learnt and Way Forward
Towards a Post-Covid Global Financial System, 2022
Waqfcoin: an innovation to serve humanity
Corporate waqf: from principle to practice: a new innovation for Islamic finance
Corporate waqf
Microfinance through Islamic banks and zakah (A Novel practice)
The beginning of the 1980's witness a new approach of collecting zakah on monthly bases in so... more The beginning of the 1980's witness a new approach of collecting zakah on monthly bases in some of the Muslim countries such as Sudan, Pakistan and Malaysia. At first, this creates an ambiguous situation amongst Muslim scholars as to its legitimacy, since the payment of zakah is known to be given on annual bases and once it reaches the nisab (the minimum assigned). Recently, a consensus has been given amongst contemporary Muslim scholars that it is lawful to pay the zakah on monthly basis. Malaysia is one of the countries that start implementing zakah deduction on monthly basis through participating in a scheme called the Salary Deduction Scheme. This raises the question on some of the conventional created funds, such as the Employees Provident Fund (EPF), and whether zakah is applicable on them or not. The main objective of this paper is to study the Shariah aspect not only on the validity of the payment of zakah on monthly salaries in Malaysia but the validity of the payment o...
A brief history of waqf: an Islamic socio-financial institution of philanthropic endowment
Revitalization of waqf administration ＆ family waqf law
Historically speaking, the institution of waqf played an incredible role in providing all the bas... more Historically speaking, the institution of waqf played an incredible role in providing all the basic and fundamental services to Muslim societies in terms of providing education, goon health care, basic infrastructures, employment opportunities, enhanced the commercial and business activities, food for the hunger, sheltered for the poor and the needy, besides supporting the agricultural and industrial sectors. Nevertheless, its role has been deteriorated since the end of the 19th century up to the present as the governments in different Muslim countries centralized its administration and abolished family waqf. The main objective of this paper is to revitalize the administration and the law of waqf in order to meet the basic and the essential services which are needed in Muslim societies and without any cost to the government.
Waqf-shares: a fundraising scheme for community development projects and humanitarian
Discussion on affordable housing problem: with special reference to the concept of brotherhood, waqf & zakat
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Papers by Magda Abdel Mohsin