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FutureLearn

Islamic Finance: Using Cash Waqf as a Socio-Financial Tool

INCEIF University via FutureLearn

Overview

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Understand how cash waqf can address socio-economic challenges

Cash waqf is a type of non-profit donation that should maintain its original cash capital. It’s an important tool in Islamic finance used for societal benefit.

On this three-week course, you’ll develop a comprehensive understanding of cash waqf and its pivotal role in addressing socio-economic challenges tailored to the diverse needs of societies.

You’ll cover the principles, practical applications, and governance structures crucial for maximising the impact of cash waqf initiatives.

Delve into cash waqf models

Diving into the development of innovative cash waqf models, you’ll uncover their versatile applications.

This exploration will help you understand how these models can meet diverse financial needs. What’s more, you’ll gain valuable insights for navigating the evolving landscape of Islamic finance.

Explore the social impact of cash waqf models

With an understanding of cash waqf models, you’ll explore their societal impact, focusing on their influence within Muslim societies.

Within this, you’ll analyse successful cases of cash waqf to understand best practices. This will position you to contribute to impactful initiatives in your career.

Develop your knowledge of social finance and Islamic finance

Finally, you’ll explore the wider impacts of cash waqf. You’ll investigate its contributions to poverty alleviation, education, healthcare, job creation, and infrastructure development.

By the end of the course, you’ll understand how cash waqf can drive positive change. You’ll also be well-equipped to play a significant role in advancing social and Islamic finance as an individual, within organisations, or as a policymaker.

This course is designed for students, shareholders of corporations and Islamic banks, and anyone interested in cash waqf.

You’ll learn how cash waqf models can be applied in your institution for the benefit of society.

Syllabus

  • Introduction to Cash Waqf: A Socio Financial Product
    • Welcome to Cash Waqf: A Socio Financial Product
    • Shariah Perspective of Cash Waqf
    • Summary
  • Cash Waqf Models
    • Innovative Cash Waqf Models
    • Summary
  • Social Impact on Muslim Societies
    • Social Impact based on Selected Cash Waqf Models
    • Summary
    • What's Next?

Taught by

Magda Abdel Mohsin

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