From Charity to Strategic Asset Governance: Ethical Wealth Preservation in Waqaf Institutions

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The shift towards governance in waqf can enhance long-term socio-economic impact in Muslim societies.
Three pillars—governance, accountability, and innovation—form the foundation for sustainable waqf management.
Comparative evidence from several countries highlights the risks of traditional charity models in waqf management.
Reforming waqf as a strategic asset governance model may facilitate ethical wealth redistribution across generations.

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This framework redefines waqf governance to enhance accountability and innovation, promoting ethical wealth preservation.

Zainal et al. (2025) studied this question.

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