23.8 C
Brunei
Monday, August 15, 2022
23.8 C
Brunei
Monday, August 15, 2022
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    Effective waqaf management can develop economy, living standards

    Effective waqaf management can further the development of economy, quality of education and lifestyle, said a member of the Bank Islam Brunei Darussalam (BIBD) Syariah Advisory Body Dr Hajah Mas Nooraini binti Haji Mohiddin yesterday at the Brunei Mid-Year Conference and Exhibition 2022 (Brunei MYCE 2022).

    Dr Hajah Mas Nooraini, who was also Dean of the Faculty of Shariah and Law at Universiti Islam Sultan Sharif Ali said efficient utilisation of waqaf offers prosperity and ensures the well-being of society.

    She was taking part in a dialogue session themed “Challenges of Integrating Traditional and Contemporary Waqaf”, which deliberated the lack of waqaf utilisation towards the development of Ummah due to lingering misconceptions on the purpose and beneficiaries of waqaf.

    “In the past, people were used to understand waqaf solely as a religious act but in reality the utilisation of wakat is limitless. It goes beyond,” she said. “We need to instil confidence in the community that waqaf can be further developed for the benefits of the nation, religion, economy and community. We also need to consider utilising efficient banking approaches and methods for this goal.”

    BIBD is also participating in the ‘Islamic Week’ exhibition, where the BIBD Securities and BIBD Shariah Division showcase recent products.

    Dean of the Faculty of Syariah and Law at Universiti Islam Sultan Sharif Ali Dr Hajah Mas Nooraini binti Haji Mohiddin speaking at the event; the audience at the forum. PHOTOS: BIBD

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