The Investment Endowment of Money and its Role in Supporting Small Projects A Prospective Jurisprudence Studies

Document Type : Original Article

Author

Qassim University

Abstract

The Investment Endowment of Money and its Role in Supporting Small Projects
A Prospective Jurisprudence Studies
 
Abeer Rebhi Shaker Qaddoumi
Department of Sharia, College of Sciences and Arts in Unayzah, Qassim University, Qassim Governorate, Kingdom of Saudi Arabia.
 Email: abeerqaddoomi_6@yahoo.com
 
Abstract:
This study aims to reveal the practical tools that can be used in developing the investment endowment of money to cope with the requirements of the age. Its importance is determined by examining the extent to which the jurisprudential dispute as regards money endowments can be benefitted from. This vital resource can be depended on for providing micro-enterprises with the financing necessary to start their work or continue their activities that stopped with the financial crises that the world went through.The research relies on the inductive and applied approaches; and it traces the opinions of the jurists in the endowment of money, then the purposes aimed at by considering it a permissible practice. All of the mentioned tasks are followed by application to the patterns of investment in contemporary waysThe most important findings are:It is possible, through Islamic financing formulas in the partnerships section, and through green contracts, to meet the needs of micro-enterprises in order to support economic activity on the individual and community scale. Moreover, the challenges of endowments of  money can be overcome with a number of smart non-standard solutions, in order to achieve the overall purpose of the endowment of perpetuity of charity.
 

Keywords


  • References

    - Ibn Al-Hajeb, Othman bin Omar, Mosque of Mothers, 2nd edition, Dar Al-Yamama, 1421 AH

    - Ibn Al-Hammam, Al-Kamal, Fath Al-Qadeer, Mustafa Al-Babi Al-Halabi Press, 1st Edition, 1389 AH

    - Ibn Taymiyyah, Taqi al-Din Ahmad, Majmoo' al-Fatawa, Madinah: King Fahd Complex

    - Ibn Taymiyyah, Taqiy al-Din, The Mustadrak on the Collection of Fatwas of Sheikh al-Islam, 1st edition, 1418 AH

    - Ibn Hazm, Abu Muhammad Ali, Al-Mahalla, Dar Al-Fikr, Beirut

    - Ibn Abdeen, Muhammad Amin, Hashiyat Radd al-Muhtar on al-Dur al-Mukhtar, Dar al-Fikr, Beirut, 2nd edition, 1412 AH

    - Ibn Fares, Ahmed, Dictionary of Language Measures, Dar Al-Fikr

    -Ibn Qudamah, Muwaffaq al-Din Ahmad, al-Mughni, Cairo Library, 1388 AH

    - Ibn Majah, Abu Abdullah Muhammad Al-Qazwini, Sunan Ibn Majah, Dar Revival of Scientific Books, Cairo.

    - Ibn Manzoor, Muhammad, Lisan al-Arab, 3rd edition, Beirut: Dar Sader

    - Ibn Mawdood, Abdullah, The Choice to Justify Al-Mukhtar, Al-Halabi Press, Cairo, 1356 AH

    - Abu Dawud, Suleiman bin Al-Ash'ath, Sunan Abi Dawud, Al-Asriyyah Library, Sidon, Beirut

    - Abu Zahra, Muhammad (1392 AH), lectures on the endowment, Dar Al-Fikr Al-Arabi, 2nd edition

    -Al-Azhari, Ayman, The rule of electronic money, Islamic Economics Club, Kuwait University, link: https://drive.google.com/file/d/1LV6isim9rv5_THrx0w1TKEWZHqtwb6GX/view

     

    - Elia, Marco, translated by: Fadi Qattan, Microfinance: Texts and Case Studies, University of Turin, Italy, 2006.

    - Anas, Malik, Muwatta Malik, narrated by Muhammad ibn al-Hasan al-Shaibani, The Scientific Library, 2nd Edition

    - Bukhari, Muhammad. (1422 AH) Sahih Al-Bukhari, Dar Touq Al-Najat, 1st edition

    - Barnouti, Suad, Small Business Administration: Dimensions for Entrepreneurship, 2nd edition, Dar Wael, Jordan

    -AL-besharat. Haya.(2005). The role of Islamic banks and institutions in financing small projects, an unpublished master's thesis, Yarmouk University, Jordan

    - Al-Bahouti, Mansour bin Younis, Scouting the Mask on the Board of Persuasion, Dar Al-Kutub Al-Alami

    - Al-Bahouti, Mansour, Minutes at the beginning of the end to explain the end, 1st edition, World of Books

    - Al-Jassas, Ahmed bin Ali (370 AH), the provisions of the Qur’an, the investigation of Al-Qamhawi, the Arab Heritage Revival House, Beirut, 1405 AH

    - Al-Juwayni, Abd al-Malik, The End of al-Muttalib in Derayat al-Madhhab, Dar al-Minhaj, 1st edition, 1428 AH

    - Habib, Tariq. Schizophrenia. Albayt alateeq

    - Al-Hattab, Ali, Planning strategy for small projects, Dar Osama

    - Al-Hourani, Yasser, The Standard of Sufficiency and Its Impact on Zakat Entitlement, Department of Islamic Affairs and Charitable Activities, Dubai, 2017.

    - Haider, Ali, Durar al-Hakam fi Explanation of Majallat al-Ahkam, Dar al-Jil, 1st edition, 1411 AH.

    - Al-Kharshi, Muhammad, a brief explanation of Khalil, Dar Al-Fikr, Beirut

    - Al-Khatib, Muhammad, Smart Contracts: Credibility and Methodology, an in-depth critical study in philosophy and rooting, Kuwait International College of Law Journal - Eighth Year - Issue 2 - Serial Issue 30 - Shawwal 1441 - June 2020 AD

    - Al-Khalal, Ahmed bin Muhammad, standing and dismounting from the mosque of Imam Ahmed's issues, Dar Al-Kutub Al-Ilmiya, 1 edition, 1415 AH

    - Al-Dardir, Ahmed, Al-Sharh Al-Kabir, Matn Al-Dasouki’s footnote, Dar Al-Fikr- Al-Dardir, Al-Sharh Al-Saghir, Dar Al-Maarif

    - Al-Razi, Muhammad bin Omar, The Great Interpretation, Dar Revival of Arab Heritage, Beirut, 3rd edition, 1420 AH.

    - Al-Risa’a, Muhammad bin Qasim, explaining the limits of Ibn Arafa, the Scientific Library, 1st edition, 1350 AH

    - Al-Ramli, Shams al-Din Muhammad, The end of al-Muhtaj Sharh al-Minhaj, Beirut: Dar al-Fikr

    - Al-Zarqa, Mustafa, Ahkam Al-Awqaf, Dar Ammar, Jordan, 1st edition, 1418 AH

    - Al-Zailai, Othman bin Ali, Explanation of facts explaining the treasure of minutes, Al-Kubra Al-Amiriya Press, Cairo, 1st Edition.

    - Sassi, Hazem Fadlallah. (2019). Using Blockchain Applications to Develop Waqf Assets, Journal of Islam in Asia, Volume 16, Issue 3, December 2019, International Islamic University Malaysia

    -Sobky, Tajuddin. (1411 AH). Similarities and isotopes. I 1. Library science, Beirut

    - Al-Sarkhasi, Muhammad bin Ahmed, Al-Mabsout, Dar Al-Ma'rifah, Beirut, 1414 AH

    - Al-Sarkhasi, Muhammad, The Origins of Al-Sarkhasi, Dar Al-Maarifa, Beirut

    - Salaam, Abu Obaid Al-Qasim, Funds, Dar Al-Fikr, Beirut

    - Sultan, Yusuf, Islamic financial technology, a lecture presented at the Islamic Economics Club, Kuwait University, on 8/11/1444 AH

    • Al-Sawa'i, Khaled, International Trade: Theory and Its Applications, The World of Modern Books, Jordan, 1st edition, 2010 AD

    - Al-Shatibi, Ibrahim bin Musa, Al-Muwafaqat, Dar Ibn Affan, 1st edition, 1417 AH

    - Shobeer, Muhammad, Contemporary Financial Transactions, 6th edition, Dar Al-Nafais, 1427 AH

    - Al-Sherbiny, Muhammad al-Khatib, Mughni al-Muhtaj al-Minhaj Vocabulary, Dar al-Kutub al-Ilmiyyah, 1415 AH.

    - Sheikha, Muhammad Ghiath, Investment, Dar Raslan, 2021 AD

    - Alish, Muhammad, Manah Al-Jalil, a brief explanation of Khalil, Dar Al-Fikr, Beirut, 1409 AH

    - Awad Allah, Zainab, The Economics of Money and Money, Alexandria: New University House, 1427 AH

    - Aweidah, Adnan, Theory of Risk in Islamic Economics, International Institute of Islamic Thought, Jordan

    - Al-Ghazali, Abu Hamid, Revival of Religious Sciences, Beirut: Dar Al-Maarifa

    - Al-Qadouri, Ahmed Muhammad, Mukhtasar Al-Qadouri, Dar Al-Kutub Al-Ilmiya, 1st edition, 1418 AH

    - Al-Kasani, Aladdin, Bada’i Al-Sana’i fi Tirtib Al-Sharia’, Dar Al-Kutub Al-Ilmiyyah, 2nd edition, 1406 AH

    - Al-Mawardi, Ali bin Muhammad, Al-Hawi Al-Kabir, Dar Al-Kutub Al-Ilmiya, Beirut, 1st Edition, 1419 AH.

    - Mohsen, Awatif, The Role of Islamic Banks in Financing Small and Medium Enterprises, a research presented to the Innovative Formulas for Banking Finance Conference, Al al-Bayt University, 2011.

    - Muhammad, Abdul Qadir, Establishment and Management of the Small Project, 2009

    - Al-Mardawi, Aladdin, Equity in Knowing the Preponderant from the Dispute, Dar Revival of Arab Heritage, 2nd edition

    - Masoud, Majeed, Development Terminology Guide, Dar Al-Mada, 1st Edition, 2001, Damascus

    - Muslim, Ibn al-Hajjaj, Sahih Muslim, investigation by Muhammad Fouad Abdel-Baqi, Beirut: Dar Revival of Arab Heritage

    - Mansour, Ali Najah, Small and Medium Enterprises in the Kingdom of Saudi Arabia between Reality and Aspiration in Light of Vision 2030, Arab Journal of Science and Research Publishing - Journal of Economic, Administrative and Legal Sciences - Volume Four - Issue Nine - August 2020 AD

    - Al-Muhtadi, Akram, Foundations and Principles of Macroeconomics, Al-Balqa Applied University, Jordan, 2001.

    - Al-Nawawi, Muhyiddin, Al-Majmoo’ Sharh Al-Muhadhdhab, Dar Al-Fikr

    • Al-Nawawi, Mohiuddin, Rawdat al-Talibi and Umdat al-Mufti, Islamic Office, Beirut, 3rd Edition, 1412 AH.

    - Al-Haytami, Ahmed bin Muhammad, Tuhfat al-Muhtaaj, the Commercial Library, Egypt, 1357 AH

    - Accounting and Auditing Organization for Islamic Financial Institutions, Sharia Standards - Standard of Waqf - No. 60

    -Al-Yahya, Fahad, Endowment Bank, Ibn Dayel Chair for Endowment Studies, Imam Muhammad bin Saud University, Saudi Arabia.

     

    -websites:

    Saudi Fintech website: https://fintechsaudi.com/wp-content/uploads/2021/06/Digital%20Identification%20Arabic_Final.pdf

    - The website of the Fiqh Academy, a decision regarding currency change:

    https://iifa-aifi.org/ar/2074.html

    - The website of the Fiqh Academy, a decision regarding the suspension of moral rights: https://iifa-aifi.org/ar/2307.html

    - The website of mersal:: https://www.almrsal.com/post/921338

    - I Believe Science website: https://www.ibelieveinsci.com