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Waqf property rental management in Kedah: issues and challenges


Abu Bakar, Marina and Ahmad, Shofian and Salleh, Ahmad Dahlan and Md Salleh, Mohd Fairuz and Fadzil, Khairul Anhar (2019) Waqf property rental management in Kedah: issues and challenges. In: International Conference on Zakat, Tax, Waqf And Economic Development (ZAWED), 1st – 2nd December 2019, Adya Hotel Langkawi, Malaysia.

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Abstract

Waqf is the driving force of the ummah economy in a country. Waqf property rental is one of the activities carried out by the State Islamic Religious Council (MAIN) in generating waqf income in Malaysia. In Kedah, all matters relating to waqf are managed and administered by a body known as the Kedah Islamic Religious Council (MAIK). The principal activity of this subsidiary company is in the field of property management, particularly in managing the rental collection, rental agreements and development of waqf properties owned by MAIK. However, there is a problem that arises in the issue of waqf property rental when such activities cannot be fully utilized to generate income. Therefore, the objective of this study is to identify the issues and challenges faced by MAIK in managing waqf properties rental in Kedah. The content analysis method was chosen as the design of this study. This study uses qualitative data collected through document analysis and interviews. Meanwhile, data analysis was conducted using a descriptive approach. The findings show that there are issues that arise and the challenges of the rental aspect, whether in the management of waqf property rental, current rental rates, law on violation of rental agreement and others, which must be addressed by MAIK to ensure Waqf property rental in Kedah state run smoothly. This study is expected to assist Pengurusan Izzah Sdn. Bhd, which is involved in managing the waqf property rental, particularly in the Kedah state to take seriously on the problems arising so that the waqf property rental activities can be optimally expanded as it has great potential.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN: 978-967-2276-10-4 Organized by: Islamic Business School, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
Uncontrolled Keywords: Waqf Rental, Waqf Management, Kedah Islamic Religious Council (MAIK), Waqf INTRODUCTION
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Islamic Business School
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 15 Dec 2019 03:22
Last Modified: 15 Dec 2019 03:22
URI: http://repo.uum.edu.my/id/eprint/26668

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