Sharing Notes: 6th Global Waqf Conference
By Lisa Listiana @listianaica
Waqf Center for Indonesian Development and Studies (WaCIDS) @wacids.official
Alhamdulillah, this is the second time getting the opportunity to attend Global Waqf Conference on 19-21 November 2018. This year, the conference was hosted by Al Madinah International University and Islamic Center of Thailand in Al Meroz Hotel Bangkok, Thailand. The conference was officially opened by the minister of agriculture and cooperative of Thailand. During the opening remarks, he mentioned that in general charity has been practiced by all religion. Hence he stressed that waqf should be encouraged as a general practice, not only by Muslim but also by all citizen. One case study, one special presentation, ten keynotes speech, three thematic presentation, and parallel sessions were offered during the event.
Attending this kind of conference, two things that I like most are learning session as well as the opportunity to meet and discuss with the experts in the waqf area, Alhamdulillah. And to share m gratitude for this opportunity, I will share part of my notes, the key points that I got from the respective speakers during the sessions. Hope it is beneficial for you 🙂
Special Case Study: Current Management of Waqf in Turkey
This session was delivered by Prof Ismail Adak from Turkey. He explained the experience of waqf tradition during Ottoman Empire and mentioned that the waqf bank in Turkey still exists until today. According to him, currently there are almost 5 million immigrant refugees in Turkey which count for 6% from Turkey population. While the biggest allocation from the national budget is dedicated to education and health, he highlighted the necessity to promote and practice waqf as it was implemented in the past.
Keynote Speech 1: The Waqf Renaissance and the Muslim World Development
Prof Dr. Ismail Luthfi, the rector of Fatoni University delivered the presentation in Arabic. He elaborated the relevant Hadist related to waqf and encouraged the participants to involve in waqf activities, as it represents perpetual investment for the hereafter.
Keynote Speech 2: Waqf Maqasid Syariah Transformation-Towards the Industrial Revolution 4.0
During his session, Datuk Dr. Ghazali as chairman of iWAQF, introduced the perspective of Industrial Revolution 4.0 related to waqf. He stressed the urgency of Muslim to expose and master the technology. As the rapid change might be happen in the future, he highlighted the necessity to combine technology, business, and culture to enable waqf makes contribution in promoting Islamic civilization.
Keynote Speech 3: Islamic Development Bank Experience in Financing Awqaf Projects
This session was delivered by Dr. Ahmed Salem as senior awqaf investment specialist of Islamic Development Bank (IDB). During the session, he gave examples of the success story of projects that were being funded by Awqaf Properties Investment Fund (APIF) IDB, for example waqf office tower in Bangladesh and commercial complex in Sudan, Libanon, and UEA. Since the profitability represents the main indicator to grant the financing, he mentioned that the main challenges is regarding to the enabling environment. The existing requirements of APIF financing, annual report, and informative brochure of APIF can be found in the WaCIDS Shared Folder.
Special Presentation on Halal Business Opportunities in Thailand
This session was delivered by Prof Winai Dahlan, Founder Director of the Halal Science Center Chulalongkorn University, Thailand.
Keynote Speech 4: Waqf Vision for Thailand
During the session, Dr. Orawit Boonchom elaborated the two relevant acts that relate to waqf in Thailand, namely Administration of Islamic Organization Act BE 2540 (1997) and The Land Code Act 2497 (1954). Situated in Muslim minority country, with around seven million Muslim populations in the country, he noted that the existing waqf assets Thailand are limited in the form of land. Those lands are majority used as mosque, some are being rented, and some other used as religious schools. According to him, waqf assets in the country are exposed to tax requirement and need some improvement in term of management activities.
Keynote Speech 5: Waqf Innovation in New Zealand
This is my third times getting opportunity to listen the presentation about this topic. Indeed there is always a new thing that I learn from the session. Dr. Hussein, whose I met in the previous waqf events, shared the potential of cash waqf to be invested in sheep dairy farm business. His vision, this kind of business is not only to fulfill the demand of qurbani sheep but also to implement the biggest charitable waste from livestock. He elaborated their experience in developing a model, called smart waqf. Other than awqaf sukuk model as fundraising strategy (which already got supported from many institutions), he mentioned that they are currently working to explore the possibility to synergize between waqf and block chain technology in a way to raise capital for these very promising business.
Part II is to be continued…
Keynote Speech 6: Waqf Prospect and Development in India
Keynote Speech 7: Indonesian Waqf Development and Potential
Keynote Speech 8: “SOZECOM Tree Waqf” a Panacea to Sustainable Development Goals
Keynote Speech 9: The Prospect of Waqf in the European Public Finance Management
Keynote Speech 10: Global Assets Clearing Institution for More Productive Ummah’s Assets Utilization