THE ROLE OF THE WAQF PRACTICE IN FINANCING THE SOCIAL SECTOR

Bobur Valiyev; Firuz Abdullayev

Authors

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

Keywords:

waqf, waqf fund, charity department, waqf department, zakat, ushr, fitr and fidia.

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.

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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