Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)

Abstract

Application of Waqf Property as a Financial Instrument for the Internally Displaced Persons (IDPs) in Nigeria

Author(s): Yusuff Jelili Amuda

Literally, waqf means “detention”. It is also means detention of a property so that its produce or income may always be available for religious or charitable purposes. An estimated total of 1,538,982 persons are internally displaced in Nigeria due to terrorist insurgency and other conflict. This paper examines the use of waqf properties as a financial instrument to empower Nigeria’s internally displaced persons. The study is to discuss how waqf properties can be used to provide short- and long-term assistance for IDPs across Nigeria. The discussion focuses on shelter, immediate and urgent needs, medical, human development, and other related challenges. The value and importance of waqf endowment cannot be under estimated and ignored. Cash waqf is a modern financial instrument for socio-economic development in solving social issues and challenges confronting Muslims globally. The study adopts a library method to reach solutions to outstanding problems. Waqf management across Nigeria should develop mechanism for interaction with state and local authorities and many other NGOs whose interest is to provide financial support to IDPs in Nigeria. Finally, useful suggestions were suggested on how to utilize waqf property for the IDPs in Nigeria.