THE POSSIBILITY OF INTEGRATION BETWEEN ISLAMIC BONDS (AL-SUKUK) AND WAQF SYSTEM IN THE CASE OF Al-MUDARABA

Abstract

The Islamic bonds (AL-Sukuk) have achieved great successes at the local and the international level, it contributed to the growth and development of many societies, they have achieved financial returns, which give back profits to their investors. This aspect has helped to face many contemporary problems and challenges. The researcher in this paper tries to reveal the role of these instruments in supporting Waqf system, which is based on the prominent and important role in achieving the social solidarity and the advancement of the communities and save the Muslim wealth.  The study, based on some of the previous studies in this field that have shown a correlation between the two systems The study concluded that there is a possibility theoretically and practical, for the integration between the Islamic bonds and Waqf system for the development of the Islamic Waqf sector, but this needs more research studies and specialized marketing tools.

The keywords: Islamic bonds, Islamic Waqf, Sukuk Al-Mudarabha.