The Arabic word Waqf (plural Awqaf) in English may be understood as an inalienable religious endowment, typically donating a building or a plot of land or even cash for Muslim religious or charitable purposes. According to Chapra (1992:301): “The institution of Awqaf...
Mulyaman D Hadad, the chairman of the newly-created Indonesian Financial Services Authority (known locally by the acronym OJK), recently suggested that the Islamic banking industry in the republic should broaden fi nancial access to micro and small businesses in order...