IslamicFinance.de

Waqf (Wakaf) is the missing piece in Malaysia's Islamic financial system despite the country being the market leader with various sophisticated products and services. According to CIMB Islamic Bank chief executive officer Badlisyah Abd Ghani, waqf in a commercial manner is missing in the market today. Badlisyah said to have waqf in the financial market, there is a need for a conducive legal framework that will allow it for its incorporation in an effective manner.