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Awqāf: Social Spending, Development Strategy and Financing

A revitalization and development of old awqāf could generate notable
revenues to finance social expenditures (although probably less than very optimistic
estimates suggest). Awqāf should be conceived as institutions of the civil society, but
they are actually managed by ministries or state agencies in most Muslim jurisdictions.
Decisions on comprehensive awqāf development schemes should be made in a
participatory setting that is compatible with the geographical coverage of waqf-based
social benefits and gives awqāf beneficiaries an organized voice. The financing of
revitalization projects can be supported by cash awqāf that can attract funds from
people of all means. Further resources could be mobilized if fiqh and awqāf laws
accept usufructs and financial rights as the basis for a waqf.