Maidoki who noted that the history of Islamic endowment is not different from Islam, said in many societies, waqf-based institutions were the sole providers of education, health care, water resources and support for the poor and even for the welfare of animals without any state intervention.
Explaining the models of the Islamic endowment, he said the models cut across government-based, created by federal or a state government, emirate-based, NGO-based and mosque-based platforms. Noting that the Islamic endowment is not a new practice, Maidoki stressed that the initiative has the capacity of increasing sources of revenue to the government.
Imam Shuaib in his presentation stated that the Nigerian constitution recognised the operation of Waqf. He said: “Waqf derives legal backing from Sections 262 , 272 , 39 paragraph 9, 2nd Schedule part 2. Section 41 of the Land Use Act of Nigeria. Impressively, these sections of the constitution also allow for the Sharia Court of Appeal to set up in any state that wishes to. The goal of zakat is not different from Waqf.
“The work of the board is essential to monitor regulations and the committee should be allowed to run only a single term. But, the board can renew their mandate based on performance,” Shuaib said.
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