Tuesday, September 13, 2011
Awaqaf Islamic System Administration
The Accounting Research Institute showcases one Islamic Accounting Innovative Product called "The Awaqaf Islamic System Administration" at the PECIPTA 2011 competition. The Awaqaf Islamic System Administration (Daiyan) is a useful tool to enhance internal management planning and decision making of waqf properties by the Islamic Religous Councils in Malaysia. As the first innovative waqf system, daiyan has high potential to be commercialized in Malaysia and other Islamic countries world-wide. It can be used as an instrument/guide on waqf properties management in a more structured way, plus appropriate disclosure of waqf reporting.