Wakaf: An Important Social Economic Vehicle for the Singapore Muslim Community

The instrument of wakaf is one that has been in practice since the time of the Prophet (peace be upon him). Marshall Hodgson, in The Venture of Islam, refers to wakaf as a vehicle for financing the Muslim society[1]. It is a powerful social finance tool that was pervasive and practised during the Ottoman empire. Here in Singapore, a recorded wakaf dates as far back as 1820.

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