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UNIVERSITI TEKNOLOGI MARA

THE DEVELOPMENT OF WAQF THROUGH WAQF PROPERTIES DEVELOPMENT BY

PERBADANAN WAKAF SELANGOR

MOHAMAD HAFEEZ BIN IBRAHIM

Academic Writing submitted in partial fulfilment of the requirements for the

Bachelor of Mualamat (Hons.)

Academy of Contemporary Islamic Studies

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AUTHOR'S DECLARATION

I declare that the work in this academic writing was carried out in accordance with the regulations of University Teknologi MARA. It is original and is the results of my own work, unless otherwise indicated or acknowledged as referenced work. This academic writing has not been submitted to any other academic institution or non-academic institution for any degree or qualification.

I, hereby, acknowledge that I have been supplied with the Academic Rules and Regulations for Under Graduate, University Teknologi MARA, regulating the conduct of my study and research.

Name of Student Student I.D. No.

Programme Faculty

Academic Writing Title

Signature of Student Date

Mohamad Hafeez bin Ibrahim 2014968575

Bachelor in Muamalat- IC210

Academy of Contemporary Islamic Studies The Development of Waqf Through Waqf

Properties Development by Perbadanan Wakaf

ip-:

July 2018

iii

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ABSTRACT

Waqf is very important in the development of the whole Islamic Ummah. Waqf properties is one of the efforts in developing more activities waqf in Malaysia. The waqf properties in Malaysia is still in its initial stage. The establishment of the Selangor Waqf Corporation (PWS) has been a good start for a systematic management of waqf. The purpose of this study is to look the perspectives of waqf base on al- Quran and al-Hadith, analyse the development of waqf properties in Perbadanan Wakaf Selangor and to analyse the development of waqf properties through housing development project in Perbadanan Wakaf Selangor. This study uses method of interviews with the PWS that focuses on the management and development of waqf properties. The results showed that the PWS has lack of practises in waqf properties.

However, PWS has developed several projects on waqf properties to developing housing project in Selangor state. The importance of this study is to show that the implementation of waqf properties in housing project will have a positive impact in moving towards the objective of developed countries such as quality human capital, the development of housing project and economic development. Policy implications of this study refers to the management of waqf institution to be more effective in managing waqf funds for waqf properties to tackle all obstacles such as lack of professional manpower, lack of funds and the administration.

Keywords: Waqf, al-Quran, al-Hadith, Perbadanan Waqf Selangor, waqf properties, housing project.

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ACKNO WLED GEMENT

Praise to ALLAH S.W.T the most exalted whose mercy and blessing have enabled me to complete this report. Peace and blessing of Allah be upon His Messenger, Prophet Muhammad S.A.W. I could have finished this Academic Writing on time and fulfil overall of the requirement needed for this last subject paper of Bachelor in Muamalat (Hons.) I admit there is so much difficulty in finishing this final project paper but thanks to Him that I could finish this subject on time.

First and foremost, I would like to take an opportunity to express big thanks to my respectable advisor Ustaz Mohd Ashrof Zaki Yaakob, for encouraging and guiding me in preparing this final year project paper until it is completed.

Special gratitude towards my beloved family especially my parent, Ibrahim bin Wahab and Masiah binti Taib for their unconditional love, support, high spirit and monetary support during finishing this final year project. Thank you to all my friends who helped me to complete this thesis.

Special thanks to the lectures because of their willingness to take part as my respondents to interviewed. Special thanks to the 2 lecturers and academicians that helped me to answer the questions regarding waqf properties in Perbadanan Wakaf Selangor. Also thanks to all people who have helped me directly or indirectly to completing this final year project.

May Allah bless all of you and thank you very much.

v

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TABLE OF CONTENTS

CONFIRMATION BY PANEL OF EXAMINERS ii

AUTHOR'S DECLARATION iii

ABSTRACT iv ACKNOWLEDGEMENT v

TABLE OF CONTENTS vi LIST OF TABLES ix LIST OF FIGURES x

CHAPTER ONE : INTRODUCTION OF THE RESEARCH

1.1 Introduction 1 1.2 Background of Study 1

1.3 Problem Statement 3 1.4 Research Questions 4 1.5 Research Objectives 4 1.6 Significance of Research

1.6.1 Students 4 1.6.2 Academician 5 1.6.3 Agency or Company 5

1.6.4 Society 5 1.6.5 Government 6 1.7 Scope of Research 6 1.8 Limitation of Research 6

1.8.1 Limitation of Time 6

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