Islamic banks as nazhir: governance and business model foundations for sustainable cash waqf management Islamic banks as nazhir: governance and business model foundations for sustainable cash waqf management

Purpose This study aims to examine the business model, legal and regulation, risk management and supervision for Islamic banks to act as nazhir within the contemporary Islamic social finance ecosystem to come up with a proposal for a bank-based waqf business model. The business model proposal is supported by appropriate regulatory, governance and operational frameworks that can be applied at the international level. Design/methodology/approach This study adopts a qualitative research design base...

Purpose This study aims to examine the business model, legal and regulation, risk management and supervision for Islamic banks to act as nazhir within the contemporary Islamic social finance ecosystem to come up with a proposal for a bank-based waqf business model. The business model proposal is supported by appropriate regulatory, governance and operational frameworks that can be applied at the international level. Design/methodology/approach This study adopts a qualitative research design base...