Human Resource Management and Development of Idle Wakaf Lands
A study by the Malaysian Government revealed the potential value of wakaf properties in 2005 at an estimated US$300 billion. Many wakaf properties did not have their potential values unlocked because they either were not fully utilised or were not built upon strategically, resulting in low returns. The main problem is weak wakaf management. The implication is less attractive investments secured and less talented management skills acquired. Skills and expertise required for managing wakaf properties effectively can be in mismatch at times; other matters seen as more important while wakaf take a back seat. Wakaf need to be re-invigorated by introducing suitable new Islamic investment procedures, staffs need deeper understanding of Wakaf to offer a more suitable and systematic management, the benefits and advantages of wakaf implications need to studied and wakaf sustenance mechanisms need to be strengthened to make it relevant at all times
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