Waqf is a financial charitable institution established by withholding property to eternally provide for various socio-economic needs, depending on the choice and condition made by the founder. Waqf is not a new concept, however its recent innovation coupled with technological advancements create an opportunity to innovate new products that align with the Bank Negara Malaysia’s agenda on Value Based intermediation.
• Examine the legal framework for the management of Waqf
• Analyze direct & indirect cash Waqf models, Waqf mutual fund and Takaful models
• Evaluate the structure of corporate Waqf
• Assess the key Shariah considerations in the structuring of Waqf-Sukuk
• Explore the potential of Waqf on various fintech platforms including blockchain
• Identify the areas for potential Shariah non-compliance risk for Waqf
• Formulate adequate internal controls for Waqf management
• Islamic bankers and product structurers • Boards and shareholders of corporations • Finance and CSR representatives of corporates • Financial product development and risk managers • Representatives of Waqf foundations |
• Lawyers, accountants and consultants • Investment and asset managers • Shariah department managers and officers • Regulators and supervisory bodies • Shariah advisory committee and research officers |