Jurnal Syariah 2024-02-28T21:32:37+08:00 Associate Professor Dr Asmak Ab Rahman Open Journal Systems <div style="text-align: justify;">Jurnal Syariah is a multidisciplinary academic journal published semiannually by the Academy of Islamic Studies, Universiti Malaya since 1993. The Jurnal Syariah provides a significant platform for scholars to publish writings on Shariah Studies in its classical and contemporary perspectives. This includes the discussion on fiqh and its jurisprudence, economics, law, political sciences, public administrations and social Sciences. The journal welcomes submission of articles, research papers, report on Shariah court cases and book reviews in the field of Shariah studies. Since 2008, Jurnal Syariah has increased its publication to thrice a year.</div> <div style="text-align: justify;"><img src="" alt="" /></div> <div style="text-align: justify;"> </div> <div style="text-align: justify;"> </div> RESTRUCTURING THE CONCEPT OF SAHAM WAQF FOR CONTINUOUS LIQUID WAQF FUND IN MALAYSIA 2023-10-05T11:10:22+08:00 Aminah Mohsin Mohammad Tahir Sabit Haji Mohammad <p><em>Saham waqf is a permissible fund, according to Muslim jurists, to assist waqf institutions in financing the development of waqf properties and other socio-economic projects. Nevertheless, the current practice of funds has unaddressed limitations that the saham waqf fund is illiquid, resulting in inadequacy of funds for waqf properties and other socio-economic developments. This study was conducted to overcome such restrictions. The study adopted a qualitative research design to achieve the objectives. A literature review and case study approach were used. Four waqf institutions were selected as case studies. The secondary data for literature review were gathered from annual reports, official websites, related journal articles, and textbooks. Primary data were obtained from observations and face-to-face semi-structured interviews. Both primary and secondary sources were compiled and analysed by using content analysis method. The result showed that the method of saham waqf had some restrictions that could not assist waqf institutions from having continuous liquid funds. For that reason, the fund should be restructured. Therefore, this study was proposed a new conceptual framework for saham waqf by including elements of Sharia-compliant investment to assist waqf institutions in having adequate liquid funds and provide continuous socio-economic projects for the ummah.</em></p> 2024-02-28T00:00:00+08:00 Copyright (c) 2024 Jurnal Syariah HEALTHCARE WAQF AND SOCIO-ECONOMIC DEVELOPMENT IN INDONESIA: CASE STUDY OF HOSPITAL ROEMANI MUHAMMADIYAH 2023-12-20T10:22:28+08:00 Mukhlis Rahmanto Asmak Ab Rahman Zaidi Mohd Daud <p><em>The article describes a waqf-based hospital in Indonesia to show continuity and change in the development of waqf-based Islamic hospitals, which began in the Prophetic era and has survived until today. The findings show there are several transformations from waqf-based hospitals in medieval and early modern Islam where many of the founders, from the Sultan and the elites of the Islamic dynasty to the donors, come from the civil and private sector, for instance, Ḥājj Roemani, the founder of Hospital Roemani Muhammadiyah, an entrepreneur with the same background as Hakim Muhammad Said of Hamdard Pakistan. Also, there is a shift from what is called "free healthcare service to the needy and poor", which is generally understood as fully free, to the several features of changes ranging from a very nominal charge, reduction of the cost, and health insurance with low premiums subsidized by the state for the needy and poor. The shifting influence of the hospital management model towards a commercial, even though the hospital itself is waqf based, whose essential character is non-profit. We argue this is due to the human population growth and the challenges of the emergence of various diseases until the pandemic, increasing the need for health funds. Hence, the hybrid scheme of Islamic philanthropy funds is needed and can make this hospital an institution that not only plays a role in the socio-economic development in the health sector but extends to other socio-economic sectors. </em></p> 2024-03-12T00:00:00+08:00 Copyright (c) 2024 Jurnal Syariah