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» WAQF Business Review

Aim: This study examines the role of philanthropic interventions in poverty alleviation among vulnerable children, with particular focus on the Nurul Huda Islamiyah Orphan Support Initiative in Abuja, Nigeria. It specifically assesses how the initiative contributes to improving the welfare and socioeconomic conditions of orphans and underprivileged children through educational support, healthcare provision, and assistance with basic needs. Methodology: The study adopts a qualitative approach drawing on both primary and secondary sources of data. Primary data were obtained from relevant stakeholders and beneficiaries of the Nurul Huda Islamiyah Orphan Support Initiative, while secondary data were drawn from relevant books, journal articles, reports, and other scholarly materials on philanthropy, poverty alleviation, orphan welfare, and faith-based social intervention. The data were descriptively and analytically examined to assess the initiative’s contributions and the challenges affecting its effectiveness and sustainability. Results: The findings indicate that the initiative has contributed to poverty alleviation among its beneficiaries by improving access to education, healthcare, and essential basic needs while supporting greater self-reliance and improved welfare. However, the effectiveness and sustainability of the intervention are constrained by limited financial resources, increasing demand for assistance, and concerns regarding the continuity of funding and programme implementation. Conclusion/Novelty: The study concludes that faith-based philanthropic initiatives constitute an important complementary mechanism for addressing poverty and improving the welfare of vulnerable children in Nigeria. Its novelty lies in providing a focused examination of the Nurul Huda Islamiyah Orphan Support Initiative as a localized faith-based model of poverty intervention, demonstrating how philanthropic support can move beyond immediate relief toward educational, health, and self-reliance outcomes. The study therefore highlights the need for stronger institutional partnerships, transparent accountability mechanisms, and sustainable financing strategies to enhance the long-term effectiveness and developmental impact of orphan-support initiatives.

» WAQF Business Review

Aim: This study aims to develop an integrated affordable housing ecosystem by institutionalizing waqf as a long-term social investment mechanism rather than treating it solely as a charitable or housing-finance instrument. It specifically seeks to identify the institutional conditions required to connect productive waqf with governance, Islamic social finance, digital transformation, sustainable urban development, and multi-stakeholder collaboration. Method: The study adopts a qualitative conceptual research design supported by a systematic literature review and thematic content analysis. Relevant literature on waqf, Islamic social finance, affordable housing, institutional governance, digital technologies, sustainable urban development, and collaborative governance was critically synthesized to identify recurring challenges, relationships, and opportunities for institutional integration. The synthesis was further informed by Maqāṣid al-Sharīʿah, Institutional Theory, Sustainable Urban Development Theory, and Collaborative Governance and Innovation Ecosystem perspectives. Results: The findings identify seven interconnected dimensions shaping the development of waqf-based affordable housing: productive waqf potential, institutional fragmentation, complementary financing, digital governance, sustainable urban development, multi-stakeholder collaboration, and institutional integration. Based on these findings, the study develops the Institutional Waqf Housing Ecosystem (IWHE), comprising six domains: productive waqf foundation, institutional governance, Islamic social-finance integration, digital governance infrastructure, sustainable housing and urban development, and collaborative and community-based governance. The framework positions waqf as a foundational institutional resource within a broader housing ecosystem. Conclusion: The study concludes that the effectiveness of waqf for affordable housing depends not only on the availability of endowed assets but on the institutional architecture through which those assets are governed, financed, digitized, developed, and connected with community needs. The IWHE provides a theoretically grounded framework for integrating these functions and offers a basis for policy development, pilot implementation, and future empirical validation.

» WAQF Business Review

Sustainable livelihood development is a major challenge facing many Muslim communities worldwide, particularly in developing countries where poverty and unemployment levels remain high. Microfinance is seen as one of the instruments used in poverty alleviation, but the method that involves lending money and earning profits (interest-based method) is facing criticisms based on Shara compliance issues. This paper proposes cash Waqf, an Islamic social finance instrument, to enhance the livelihoods options for vulnerable Muslims. As one form of Islamic endowment, cash Waqf is a flexible fund available for productive purposes and can be operated within the framework of Shara aims of wealth protection, social equity and reduction of poverty. Qualitative research is adopted in this study, focusing on doctrinal analysis of the literature on Islamic finance, along with empirical studies concerning Waqf and microfinance. This study analyzes the cases of cash Waqf in microfinance of Malaysia, Indonesia and Bangladesh in relation to operational modes, governance and the relevant Shara-compliant financing products such as qard asan, murabah and murbaah used within a Waqf-based financing mechanism. The study reveals that merging cash Waqf with microfinance could expand financial inclusion for the needy, and could strengthen the sustainability of micro-enterprises. Yet, certain operational challenges such as inadequate governance, absence of regulatory frameworks, and lack of transparency needs to be overcome. The study proposes a conceptual framework for integrating cash Waqf, Islamic microfinance and sustainable solutions, where the participation of stakeholders and provision of a supportive environment and capacity building activities are necessary. The study concludes that integrating cash Waqf and microfinance provides a sustainable approach for livelihood development of Muslim communities, offering a sustainable solution to overcome economic challenges and promote socio-solidarity for inclusive development. The paper advances the existing literature in Islamic social finance concerning the study of Waqf as a modern socio-economic development tool and provides some findings and recommendations to scale up Waqf-based microfinance to meet the SDGs particularly Poverty Reduction and Economic Growth.

» WAQF Business Review

This study evaluates how well Islamic social finance tools zakat, waqf, and qard ḥasan are incorporated into helping MSMEs in Nigeria’s food and textile industries thrive sustainably. Based on the Islamic goals of socio-economic justice and stewardship (khilāfah), the study looks at how these tools support inclusive financing, ecologically friendly practices, and business resilience. A mixed-methods approach was used, which included in-depth interviews with chosen business owners and managers in addition to a structured survey of 140 MSMEs. The results show that just 35% of MSMEs now use energy-efficient technology, but 48% of textile MSMEs and 65% of food MSMEs have implemented waste minimization measures. Nonetheless, a sizable percentage (72%) indicated a great desire to embrace eco-friendly technologies with the help of Islamic social finance methods. Furthermore, 80% of the MSMEs surveyed said they adhered to fair labor standards, which reflects the moral perspective promoted by Islamic finance principles. Positive socio-economic spillover effects were seen at the home level, where patronage of these MSMEs was linked to a 20% decrease in food waste and a 15% decrease in clothing expenditure. The study highlights the important yet untapped potential of qard ḥasan, waqf, and zakat in fostering sustainable MSME development. It promotes specific legislative interventions, such as frameworks for halal sustainability certification, structured waqf-based MSME support programs, and interest-free financing for green technologies. The study comes to the conclusion that successful integration of Islamic social finance tools can promote household welfare, MSME sustainability, and economic growth in Nigeria in accordance with the larger Islamic imperatives of social justice and environmental stewardship.

» WAQF Business Review

Waqf, a perpetual charity endowment with strong roots in Islamic socioeconomic theory, has resurfaced as a practical and multifaceted approach to tackling the enduring and intricate reality of poverty throughout Africa. Waqf institutions have a long history on the continent, but their developmental potential is still largely untapped because of shoddy legislative frameworks, disjointed administration systems, and low public awareness. This study investigates waqf’s potential to serve as a comprehensive strategy for reducing poverty that can produce long-term, sustainable social benefits. The study employed a qualitative research design backed by doctrinal analysis, historical review, and thematic assessment of modern waqf practices. The findings demonstrate how reviving waqf institutions in Africa through contemporary financial models like cash waqf, corporate waqf, and digital waqf platforms can increase funding for necessary services while empowering underprivileged populations through micro-enterprise financing, skill development, and entrepreneurship support. Furthermore, the study contends that waqf’s focus on distributive justice and social solidarity is consistent with modern development frameworks, such as the Sustainable Development Goals (SDGs), especially those pertaining to poverty alleviation, decent labour, high-quality education, and decreased inequality. It concludes that waqf offers a morally good and community-driven framework that can restore dignity, resilience, and inclusive progress throughout African countries, in addition to an economically sound method of reducing poverty.

» WAQF Business Review

In Islamic civilization, one of the most persistent systems for promoting social welfare and economic fairness is the idea of waqf, or Islamic endowment. Long before the emergence of contemporary state welfare systems, Waqf organizations provided funding for social infrastructure, healthcare, education, and water systems, establishing the groundwork for sustainable communal development. This paper explores how Waqf revitalization can provide a revolutionary paradigm for accomplishing 21st-century global sustainability objectives. The study places Waqf in the larger context of ethical finance, social innovation, and sustainable development by utilizing qualitative and comparative analysis. Through an examination of case studies from Malaysia, Indonesia, Turkey, and new projects in Nigeria, the study shows how productive Waqf can promote social resilience, environmental responsibility, and economic inclusion when it is in line with modern financial tools and the Sustainable Development Goals (SDGs) of the UN. According to the research findings, Waqf offers a distinctive institutional and moral model for fusing spirituality with contemporary development paradigms because it is a faith-based and values-driven organization. The study comes to the conclusion that Waqf governance can become a worldwide tool of ethical finance and sustainable transformation by being revived and modernized through legal reform, digital transparency, and cross-sector collaboration. The study adds to the current body of knowledge on Islamic social finance and presents Waqf as a feasible route to a more just, inclusive, and sustainable future for all people.

» WAQF Business Review

Most people in North-Eastern Nigeria still rely on agriculture as their main source of income, but the industry faces several obstacles, including low productivity, antiquated farming methods, restricted access to financing, and the effects of climate change and insecurity. The function of waqf, or Islamic endowment, as a long-term tool for advancing regional agricultural modernization and development is examined in this paper. The paper examines how waqf can be strategically repurposed and used to promote irrigation projects, mechanized farming, land acquisition, and smallholder farmers’ empowerment. It is grounded on Islamic economic principles and is backed by empirical case analysis. Qualitative interviews with waqf administrators, agricultural specialists, religious leaders, and farmers from a few states in the Northeast, such as Borno, Gombe, and Yobe, were used. Additionally, quantitative information from waqf foundations and agricultural institutions was examined. The results show that although waqf is currently underutilized in agriculture, there is a great deal of opportunity to mobilize cash waqf donations and idle waqf lands for farmer training, infrastructure development, and agricultural financing. Furthermore, incorporating waqf into current frameworks for rural development may improve rural livelihoods, employment, and food security. The study comes to the conclusion that mainstreaming waqf into the agricultural sector requires strong institutional reforms, legal frameworks, and public awareness. In order to maximize impact, it suggests modernizing waqf land administration, forming alliances between waqf boards and agricultural cooperatives, and creating waqf-based Agricultural Development Funds. This study adds to the body of knowledge on Islamic social finance and rural development by introducing waqf as a practical and moral means of transforming agriculture in areas impacted by conflict and experiencing economic hardship.

» WAQF Business Review

Waqf (Islamic endowment) is one of the most profound socio-economic legacies of Islamic civilization. Rooted in the principle of voluntary asset dedication for public benefit, waqf has served as a cornerstone for institutional development in Muslim societies for over a millennium. The legacy is to describe how the foundational principles of waqf have been transmitted and adapted across different socio-legal contexts, producing parallel institutions that, while locally distinct, share their functional values. This paper explores waqf as a legacy, a foundational social institution embedded in Islamic thought and practice that continues to influence contemporary legal, economic, and governance structures. The study traces waqf’s historical evolution, its interrelationship with the Islamic concept of qard al-hasan (benevolent loan), and its intersection with land management, social justice, and state-building across different cultural and geographical contexts. Drawing from historical, legal, and institutional analysis, the article demonstrates how waqf inspired the emergence of similar mechanisms in global and Western societies, such as trusts and endowments. Furthermore, the article discusses the challenges facing waqf today, including asset fragmentation, governance issues, and underutilization. It also explores waqf’s potential as a strategic instrument for inclusive development, especially in education, healthcare, and social welfare. The research concludes that the waqf institution, when revitalized with modern governance tools and aligned with sustainability principles, offers a resilient and ethical model for long-term socio-economic empowerment and wealth redistribution.