[ms] The Implementation of Istibdal Endowment in the State of Kedah Darul Aman

Abstract

ABSTRACT

The concept of Istibdal endowment is a way to develop waqf property to be more productive and able to provide a better and stable financial investment. To implement istibdal waqf property, some conditions have been set to ensure the implementation of the concept is consistent and meets the conditions prescribed by the jurists. Therefore, the aspect emphasized in this study is the establishment of the four sects of priests towards the istibdal endowment. The main objective of this study is to present the cases of istibdal endowment and the effects of its implementation in the state. In general, this study is based on two main methodological literature review and field survey. For the literature review, it had been done by collecting data and information on istibdal endowment of basic resources and then the opinions had been explained. The field studies were carried out by collecting data and information on the implementation of istibdal endowment in Islamic Religious Council as well as surveys and interviews with the parties involved. This study was conducted to determine the implementation of istibdal endowment in the state of Kedah that had given a positive impact by analyzing a number of cases related to it. During the entire study, it was found that the implementation of istibdal endowment in Kedah has provided substantial benefits to the community.