Waqf sukuk and their role in social and economic development

Abstract

    This research paper aims to clarify the role of waqf sukuk in achieving social and economic development, by introducing the sukuk, waqf sukuk, and the steps for their issuance, and mentioning the most important steps, in addition to exposure to the ruling on their issuance and subscription, leading to their trading in the secondary market, in addition to highlighting the effects of these sukuks on economic and social development.

This paper concluded that sukuk-waqf have a great developmental role which appears in the establishment of development projects that help to meet the basic needs of the poor, to fight against unemployment and poverty by creating dedicated funds.