Categorization of Waqf Lands and their Management Using Islamic Investment Models the Case of the State of Selangor, Malaysia – Norhaliza binti Mohd Nor & Mustafa Omar Mohammed
Abstract
The existing Waqf lands in the State of Selangor have not been strategically categorized and the modes of Islamic investments have been used arbitrarily to manage these lands. Improper categorization of these lands has also implications for attracting investments and for the human resource needed for managing these waqf resources. This paper proposes the categorization of waqf lands in Selangor based on their strategic locations and uses as stipulated in the provisions of the National Land Codes. Then the categorization is matched with the appropriate Islamic investment modes for their efficient management. The study has provided the benefits and implications of the proposed categorization and, concludes with suggestions for future research
Key words: Categorization, Waqf Lands, Management, Islamic Investment Modes, State of Selangor.