THE ROLE OF THE WAQF PRACTICE IN FINANCING THE SOCIAL SECTOR

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Published: Nov 5, 2022
Keywords:
waqf, waqf fund, charity department, waqf department, zakat, ushr, fitr and fidia.

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Bobur Valiyev
International Islamic Academy of Uzbekistan, "Islamic Economy and Finance, Associate Professor of the "Pilgrimage Tourism" Department, i.f.d.
Firuz Abdullayev
Graduate Student of the International Islamic Academy of Uzbekistan

Abstract

This article focuses on the development of the financial sector, the use of foundation practices in the harmonization of human and social development. The specifics of Islamic social finance are also analyzed. In addition, the requirements and benefits of waqf practice, the establishment of a waqf fund and their use in providing social assistance to the population are given.

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How to Cite
Bobur Valiyev, & Firuz Abdullayev. (2022). THE ROLE OF THE WAQF PRACTICE IN FINANCING THE SOCIAL SECTOR. Galaxy International Interdisciplinary Research Journal, 10(11), 58–60. Retrieved from https://internationaljournals.co.in/index.php/giirj/article/view/2725
Issue
Vol. 10 No. 11 (2022): GIIRJ
Section
Articles
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

References

Revitalization of Waqf for Socio-Economic Development, Volume II 2. Gaudiosi M. M. The Influence of the Islamic Law of Awqaf on the Development of the Trust in England: The Case of Merton College// University of Pennsylvania Law Review. 1988. Vol. 136. N 4. P. 1231–1261.

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