Endowments are one of the most important financial sources that ever existed in classical Islamic era. Substitution of one ruler to another did not dampen the importance of endowments in sustainable development, particularly with regard to the development of science and the entire surrounding infrastructure. In the classical period of Islam, education reached its peak. From philosophy to the ex…
Religious endowment [wakaf] is one of the means introduced by syari'ah to distribute wealth for good social cause. Wakaf has been practiced in Indonesia for ages, mostly in the form of giving land for educational or religious purposes. As an instrument for enhancing social life, mauquf could also be in the form of money. This new form of wakaf, is intruduced in Indonesia as a respont to the eco…
This paper is aimed at discussing the nation of endowment as a means to increase the economic prosperity of the Muslim society in Indonesia. It argues that the Muslims of Indonesia have enough endowed properties but lack a proper management in running them. This leads to the misuse of the properties on the one hand, and to the failure to achieve the proposed aims for which these properties are …