Journal of Contemporary Business and Islamic Finance (JCBIF)

The Awqaf Sector in Algeria from the Ottoman Era to Post-Independence: Obstacles and Requirements for Development

Asma Akli Soualhi — 2023-01-11

This study seeks to explain the Awqaf sector in Algeria from a historical view and to show the Algerian protection of Awqaf properties, in addition, to discussing the obstacles facing Awqaf in Algeria and the requirements that must be introduced for development and improvement. This paper adopts an analysis based on Algerian laws. It studies the steps to be followed to avoid the obstacles that prevent the development of the Awqaf sector in Algeria. The results show that taking a set of reform measures in the Awqaf sector in Algeria can activate its positive role in various aspects of life.

Examining Cash Waqf and Its Usage: Divergence from the Waqif’s Will as a Use Case

Bouhedda Ghalia — 2023-01-18

Immovable assets such as land and building, etc., are no more a common asset in creating a Waqf. At present, the practice has progressed from its traditional manner to an innovative method in which the specific purpose (Maqāṣid Khāṣṣah) of Waqf that benefit the Wāqif (endower) and subject matter of Waqf, and general purpose that benefit the society, could be attained easily and successfully. One of the methods repeatedly discussed and applied in contemporary times is the cash Waqf model. The model is a new form of Waqf presenting an innovative and effective tool for the practical delivery of its advantages according to the purpose of Waqf for which it is constituted. Its application in some situations has been perceived as confronting with a number of Sharī’ah and operational issues that need answers. The usage of cash Waqf against the Wāqif’s intention as presented in the Waqf deed or Sīghah is one of the issues that needs be addressed. Despite the significant role of cash Waqf in socio-economic development, there has been a substantial gap in the literature available due to continuous developments in the area which calls for more academic research. Thus, this study examines the usage of cash Waqf against the Wāqif’s will and its reasons. This study is qualitative, in which it employs library research skill as a method of research.

Can blockchain technology moderates corporate waqf perceived behaviour? In search of underpinning theories

Puteri Aina Megat — 2023-01-19

The aim of this research is to investigate whether blockchain can be a disruptive technology to shift the traditional waqf concept from an individual-based behavioural concept to business-valued culture. The research examines existing verified behavioural technology theories in understanding the possible effect of blockchain technology as a Corporate Waqf fundraising platform on SME’s perceived behaviour. The research evaluates the quality of empirical analysis from the relevant theories and highlights the research gaps to identify suitable underpinning theories. Three hybrid theories were reviewed and analysed to develop the conceptual framework, namely: 1) firm’s technology adoption using Electronic Data Interchange Model (EDI) 2) corporate social responsibility using Triple Bottom Line Theory (TBL) and 3) behavioural intention using Theory of Planned Behaviour (TPB). Future recommendation is to integrate the underpinning theories in the recommended conceptual framework in predicting the effects of waqf blockchain technology on the SME’s perceived behaviour. The development of this framework is applicable to other relevant SME’s technology adoption behaviour patterns in forecasting the Corporate Waqf contribution to socio-economic sustainable outcomes. Implications for research and practice are discussed.