The Impact of the WAQF Development on Economic Development. With Reference to the Role of Privatization in the Development of the Waqf

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Mansoura University

Abstract

The Egyptian economy faces many challenges, including the state’s general budget deficit, which is an obstacle to achieving the requirements for implementing the sustainable development plan, which necessitated the search for new financial resources without more burdens on the general budget, or on low-income people. There is no doubt that the WAQF funds - if used properly - can meet the financing needs of many economic projects and desired social justice programs. So, the study aims to demonstrate the importance of developing the WAQF in economic and social development, as an effective contributor to sustainable development plans and programs, and hence the necessity of restoring the WAQF to its status as it was in its prosperous era, through modernizing the methods of managing the WAQF funds and investing them properly. To be a flowing resource for financing economic and social projects in light of global and local changes. The study also aims to shed light on the possibility of privatizing some jobs. In response to the development of management and marketing methods, and to ensure that WAQF funds are invested in accordance with modern economic concepts, as one of the unconventional solutions to the problems that the WAQF system suffers from.

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Misr University Journal for Humanities
Volume 4, Issue 4 - Serial Number 4
(humanities and social sciences)
July 2024
Pages 117-179

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