Significance of Granting Legal Personality to Waqf Establishments in The Republic of Guinea
Abstract
Abstract. It is seen that while some countries have figured out the elements necessary to ensure the effective operation of waqf entities, most have yet to do so. The situation in the Republic of Guinea is that all waqf facilities in the country, with the exception of Waqf IDB Guinea, have been deprived of a ‘legal personality’ status, putting a cap on the great potential that could be realized. To address this issue, the study has looked into and cross-examined the status of waqf in different countries and has, accordingly, proposed that the ‘legal personality’ status be awarded to waqf facilities in Guinea so as to attract the relevant stakeholders, render legal recourse available to aggrieved parties, register the beneficial interest of relevant participants, and lastly create job, investment and other opportunities for interested parties. Such measure, as has been proven, would greatly benefit the Guinean society and other communities.
Abstrak. Terlihat bahwa sementara beberapa negara telah menemukan elemen-elemen yang diperlukan dalam kerangka tata kelola wakaf mereka, yang lain belum melakukannya. Di Republik Guinea, entitas wakaf tertentu yang diakui secara hukum yang dikenal sebagai Wakaf IDB Guinea telah memprakarsai banyak proyek. Namun, terlepas dari entitas tersebut, fasilitas wakaf di negara ini telah dicabut status 'subyek hukum'-nya, yang telah membatasi potensi besar yang dapat direalisasikan. Untuk mengatasi masalah ini, penelitian mengusulkan agar status 'subyek hukum' diberikan kepada fasilitas wakaf di Guinea untuk menarik minat para pemangku kepentingan, memberikan jalan hukum yang tersedia bagi pihak yang dirugikan, mendaftarkan manfaat waqaf bagi para pihak yang berkepentingan, dan terakhir menciptakan lapangan kerja, investasi dan peluang lain untuk para pihak yang berkepentingan. Pemberian status badan hukum kepada lembaga-lembaga wakaf, sebagaimana telah dibuktikan, akan sangat bermanfaat bagi masyarakat Guinea dan masyarakat lainnya.
Keywords
References
Abdullah, R., & Ismail, A. G. (2017). Taking Stock of the Waqf-Based Islamic Microfinance Model. International Journal of Social Economics, 44(8): 1018–1031.
Alias, T. A. (2011). Tax Laws Affecting the Waqf in Malaysia: A Comparison with the United States and Turkey. Available at: https://www.academia.edu/1101187/Awqaf_tax_laws.
Asnaini, M. (2008). Zakat Produktif Dalam Persfektif Hukum Islam (Published Thesis). Bengkulu: Pustaka Pelajar.
Atan, N. A. (2017). The Importance of Reviving Waqf-Based Health Care Institutions in Malaysia, 5th South East Asia International Islamic Philanthropy Conference 2017 (5th SEAIIPC2017). Malacca City.
AXA. (n.d.). International Health Insurance from AXA. Retrieved March 10, 2020, from International Health Insurance: Designed for Life: https://www.axaglobalhealthcare.com/en/international-health-insurance/?camp=ppc-camp-b&gclid=Cj0KCQjw9ZzzBRCKARIsANwXaeKgH8YDTvXzpAkPcLwChWeFGL6lOHxZj51YERgIFl5OBBzLc8mTMw0aAjl_EALw_wcB
Becker, K. F. (2004). The Informal Economy. Retrieved March 10, 2020, from Omslag.pmd: http://www.rrojasdatabank.info/sida.pdf
Bellwood Prestbury. (n.d.). Guinea Insurance. Retrieved March 10, 2020, from Guinea Insurance - Critically Important Protection: https://www.bellwoodprestbury.com/your-challenges/high-risk-countries/guinea-insurance/
Business Dictionary. (2020). What is Legal Personality? - Definition and Meaning. Retrieved March 10, 2020, from businessdictionary.com: http://www.businessdictionary.com/definition/legal-entity.html
Camara, M., Camara, Y., & Camara, N. (2015). The Healthcare System in Africa: The Case of Guinea. International Journal of Community Medicine and Public Health, 2(4): 685–689.
Cizakca, M. (2000). A History of Philanthropic Foundations: The Islamic World from The Seventh Century to The Present. Istanbul: Bogaziçi Üniversitesi Yayinlari.
Deloitte. (2019). Guide to Fiscal Information - Key Economies in Africa 2019. Retrieved March 10, 2020, from Guide to Fiscal Information - Key Economies in Africa 2019: https://www2.deloitte.com/content/dam/Deloitte/za/Documents/tax/za_Africa_Key_Fiscal_Guide_2019.pdf
Diallo, A., Zhonghua, Y., & Mukete, B. (2017). Assessing the Socioeconomic Impacts of the Informal Sector in Guinea, West Africa. OALibJ, 4(1): 1–9.
Diyanet. (2018). Turkiye Diyanet Foundation Provides Educational Services for 25 Thousand Students. Retrieved March 17, 2020, from T.C. Diyanet İşleri Başkanlığı: https://www.diyanet.gov.tr/en-US/Content/PrintDetail/12032
Fay, B. (n.d.). Types of Taxes - Income, Property, Goods, Services, Federal, State. Retrieved March 10, 2020, from Debt.org: https://www.debt.org/tax/type/
Forstater, M. (2017). The Good, the Bad, and the Ugly: How Do Tax Incentives Impact Investment? Retrieved March 10, 2020, from Center for Global Development: https://www.cgdev.org/blog/good-bad-and-ugly-how-do-tax-incentives-impact-investment
Johor Corporation. (n.d.). Waqaf An-Nur Hospital & Clinics. Retrieved March 17, 2020, from Waqaf An-Nur Hospital & Clinics: http://www.jcorp.com.my/waqaf-an-nur-hospital-clinic-35.aspx
Kuran, T. (2001). The Provision of Public Goods under Islamic Law: Origins, Impact, and Limitations of the Waqf System. Law & Society Review, 35(4): 841–898.
Law Teacher. (2013). Separate Legal Entity and Limited Liability Differences. Retrieved March 10, 2020, from lawteacher.net: https://www.lawteacher.net/free-law-essays/business-law/separate-legal-entity-and-limited-liability-differences-business-law-essay.php?vref=1
Limited, A. C. (n.d.). Limited Liability Partnerships - Company Formation and Registration. Retrieved March 10, 2020, from A1 Company Services Limited: https://www.a1companies.com/company-formations/limited-liability-partnerships/
Merriam Webster. (n.d.). Locus Standi. Retrieved March 01, 2020, from Merriam-Webster.com: https://www.merriam-webster.com/dictionary/locus%20standi
MicroWorld. (n.d.). About Microcredit. Retrieved from microworld.org: https://www.microworld.org/en/about-microworld/about-microcredit#history
Mohammad, M. T. (2016). Legal Personality of Waqf. Retrieved February 27, 2020, from Ana səhifə: http://atelim.com/a-proposal-for-a-new-comprehensive-waqf-law-in-malaysia-mohamm.html?part=2
Mubin, F. N. (2015). The Potential of Healthcare Waqf in Malaysia. 9th ISDEV International Islamic Development Management Conference (IDMAC2015). IDMAC 2015.
Mughniyyah, M. J. (n.d.). The Five Schools of Islamic Law. Retrieved from al-islam.org: https://www.al-islam.org/five-schools-islamic-law-sheikh-muhammad-jawad-mughniyya/10-waqf#waqifs-intention
New World Encyclopedia. (2016). Almoravid Dynasty. Retrieved March 10, 2020, from New World Encyclopedia: https://www.newworldencyclopedia.org/entry/Almoravid_dynasty
Oseni, U. A. (2012). Towards the Effective Legal Regulation of Waqf in Nigeria: Problems and Prospects. In Rashid, S. K. & Arif Hasan (eds.), Waqf Laws and Management with Special Reference to Malaysia, 339-354. New Delhi: Institute of Objective Studies.
O’Toole, T. E. (2019). Guinea - People. Retrieved March 10, 2020, from Encyclopædia Britannica: https://www.britannica.com/place/Guinea
Paksoy, Y. (2017). Turkey’s Diyanet Foundation Educates Thousands Abroad. Retrieved March 17, 2020, from Daily Sabah: https://www.dailysabah.com/education/2017/06/15/turkeys-diyanet-foundation-educates-thousands-abroad
Price, D., & AlDebasi, A. (2009). The Development of Intellectual Property Regimes in the Arabian Gulf States. United Kingdom: Routledge.
PWC. (2014). Social Security Country Profiles. Retrieved March 10, 2020, from Social Security Systems: https://www.pwc.com/gx/en/hr-management-services/pdf/social-security-country-profiles-august-2014.pdf
The Capacity to Sue or Be Sued. (n.d.). The Capacity to Sue or Be Sued Legal Definition. Retrieved March 10, 2020, from West’s Encyclopedia of American Law, Edition 2: https://legal-dictionary.thefreedictionary.com/The+Capacity+to+Sue+or+Be+Sued
Uygun, E. S. (2015). Establishment of Foundations. Retrieved from Mondaq: http://www.mondaq.com/turkey/x/387312/Corporate+Governance/Establishment+of+Foundations
Word Disk. (2020). Reading. Retrieved March 10, 2020, from Maliki: https://worddisk.com/wiki/Maliki/
Worldometer. (2020). Guinea Population (2020). Retrieved March 10, 2020, from worldometers.info: https://www.worldometers.info/world-population/guinea-population/
Your Dictionary. (n.d.). Small Business. Retrieved from small-business dictionary definition: https://www.yourdictionary.com/small-business
DOI: 10.15408/aiq.v13i1.19448
Refbacks
- There are currently no refbacks.