Keperluan Mengenalpasti Risiko Dalam Proses Istibdal Harta Wakaf

Abstract

Waqf is the dedication of assets by a Muslim for any purpose recognised by Islamic law as religious, pious, or charitable. Therefore, careful management of waqf properties is vital to prevent potential exposure to threats and issues that could hinder the achievement of waqf objectives. Comprehensive identification and management of risks in the istibdal process of waqf property can contribute to enhancing the reputation of the waqf institution and fostering trust among waqf donors. This can also help reduce disputes arising from a lack of understanding about the istibdal process within the community. Therefore, this study examines the need to identify risks in the istibdal process of waqf assets in Malaysia, using qualitative methods to analyse secondary data from journal articles, reports from State Islamic Religious Councils (SIRC), and websites, according to the theme of this study. The assessment of potential risks can inform the implementation of control actions, ensuring a reasonable level of assurance in achieving waqf goals. This will assist the waqf institution in making decisions related to istibdal waqf, reducing risks, and ensuring the sustainability of waqf assets. These efforts can strengthen the public's confidence in participating in waqf activities and maintaining the reputation and accountability of waqf institutions.