PROSPECTS FOR THE DEVELOPMENT OF THE WAQF CHARITABLE PUBLIC FUND

Авторы

  • Tursunov Anvar Sultonovich PhD., Dean of Extramural education faculty of The Banking and Finance Academy of Uzbekistan

Ключевые слова:

Waqf, Islamic microfinance, poverty, debt hasan, zakat, Waqf charitable public fund, Islamic economy, non-governmental non-profit organizations.

Аннотация

Since islam is prevailed, Waqf institutions have performed a certain function of the state by providing social protection for economically and materially poor families in the society. Through waqf institutions, wealth was redistributed by the rich to the needy part of the population. That is, the rich donated their wealth to the waqf fund, and the needy section was financed from the waqf fund. As a result, the strong stratification between the rich and the poor was avoided. Based on the ideas of the modern capitalist concept, today the rich are getting richer and the poor are getting poorer. It doesn't matter whether we call it market economy or digital economy, it is a model that complements each other logically. These models are concerned with how a person can get more wealth. As a result, today 827 million people are condemned to poverty, which is more than 10% of the world's population.

It has been said that it is good to go back to history. Accordingly, the topic is to conduct the research on the waqf fund, a financial institution that served humanity until the last century, but has lost its importance as a result of the collapse of Islamic empires and the weakening of Muslim societies, and today has great potential. we intended.

This article describes the organizational foundations of the waqf fund, its role in reducing poverty, and its importance in the organization of Islamic microfinance. Based on foreign experience, scientific and practical recommendations have been formulated for the radical improvement of the Waqf Fund.

 

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Опубликован

2022-12-31

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Articles