WIEF-IDB AWQAF

ROUNDTABLEJakarta, Indonesia

5 JUNE 2014LE MERIDIEN JAKARTA,

INDONESIA

“Beyond Charity: Harnessing Waqf for Economic Prosperity”

Awqaf Development: The Way Forward

Role Players:H.E Yasmin Busran Lao, Secretary (Minister), National Commission on Muslim Filipinos, Office of the President, Republic of the PhilippinesMr. Zeinoul Abedien Cajee, Founding CEO, Awqaf South Africa, Moderator:Dr. Aznan Hasan, Associate Professor, International Islamic University Malaysia, President of Association of Shariah Advisors in Islamic Finance and Deputy Chairman of Shariah Advisory Council, Securities Commission of Malaysia

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H.E Yasmin Busran Lao Secretary (Minister)

National Commission on Muslim Filipinos Office of the President, Republic of the Philippines

Awqaf Development in the Philippines

Her Excellency Yasmin Busran LaoMinister (Secretary)

National Commission on Muslim FilipinosJakarta, Indonesia

June 05, 2014

Contents1. Muslims in the Philippines

2. The Philippine Experience on Awqaf

3. Challenges

4. The National Commission on Muslim Filipinos 5. Proposed MoU 3.1 Qatar

3.2 UUM Malaysia3.3 ASEAN/OIC Member Countries

6. The Framework Agreement on the Bangsamoro (CAB)

Brief Background on Muslim Filipinos

• Muslim Filipinos are a minority, comprising approximately 10-15 per cent of the general population

• Decades of armed conflict rooted on historical injustice• Majority are situated in the poorest and

underdeveloped provinces of the Autonomouse Region in Muslim Mindanao (ARMM)

• Diaspora communities are scattered all over the country• Thriving Balik-Islam (Reverts to Islam) population

The Philippine Experience on Awqaf

• In the Philippines, Awqaf can be claimed to have begun since the advent of Islam into the country•In 2012, we have collaborated with the Universiti Utara Malaysia Cooperative to addressed livelihood program needs in the Muslim Filipinos Communities•The Commission is currently profiling the Awqaf Fund that had generated support to various socio-economic needs of the Muslim Filipinos•To date, we have profiled seven (7) Awqaf Properties and Contributions in the Philippines.

Beneficiaries of Awqaf in the Philippines

• Poor and Deserving Students (Scholarships)

• Communities (Goat Raising Project/Livelihood)

• Islamic Schools • Muslim Cooperative (Livelihood)• Academic Institutions (Learning

Institutions)

Challenges

• Lack of policy guidelines at national, local and community levels

• Separation of the powers of Church and State in the Philippine Constitution

• The Existing Policy limited on the Personal and Family Relations (Code on Muslim Personal Laws)

• Corruption and poor governance• Sustainability

The Way Forward: National Government Policy

The Philippine government under the leadership of His Excellency President Benigno Simeon Aquino III supports initiative to strengthen development programs serving the Muslim Filipinos population in the Philippine archipelago.

National Commission on Muslim Filipinos (NCMF) • Republic Act 9997 creates NCMF under the Office of the

President and is mandated to cater to the needs of the Muslim Filipinos

• II. Legal Basis (Article 2, section 8) • (s) Administer and hold in trust awqaf (endowment)

properties and/or awqaf institutions, and receive by way of grant, donations or gifts, awqaf investments in accordance with the principles of Islamic investments and finance;

• (t) Prescribe rules and regulations for the establishment of awqaf institutions, administration of awqaf assets, and settlement of disputes among awqaf beneficiaries pursuant to the general principles of Shari'ah (Islamic Law)

NCMF Initiatives on Awqaf• Priority Discussion with Malaysian Trade and Member of

the Parliament of Malaysia

Waqf Forum in the Philippines

In partnership with the Universiti Utara Malaysia and the Asian Institute of Management Executive Learning Center, we held a forum on Waqf to engage other stakeholders in the Philippine government (government institution, banks, private corporations and civil society organizations)

Proposed Programs: Awqaf Development in the Philippines

• MoU with other experts from other ASEAN and OIC Member Countries (In fact have a MoU to be signed with the State Of Qatar).

• Technology Sharing with other Countries• Representation of the Philippine government in

global discourse on the challenges as well as the vast untapped potential of waqf assets in the socio-economic development of the Muslim Filipino communities.

The Way Forward: Comprehensive Agreement on the Bangsamoro (CAB)

EXCLUSIVE POWERS – matters relating to creating sources of revenues contract loans, credits, and other forms of

indebtedness with any government or private bank and other lending institutions

creation of sources of revenue financial and banking systems; joint promotion of

the Islamic banking system by the Bangsamoro, DOF, BSP and NCMF

establishment of GOCCs and GFIs receive grants and donations

EXCLUSIVE POWERS – matters affecting needs that are particular to Muslims

hajj and umrah awqaf and charitable trusts hisbah office for accountability as part of the

Shari’ah justice system

The Way Forward:

People's/ Community Empowerment to ensure sustainability

THANK YOU AND WASSALAM

WIEF-IDB AWQAF

ROUNDTABLEJakarta, Indonesia

Mr. Zeinoul Abedien Cajee Founding CEO

Awqaf South Africa

WIEF-IDB AWQAF

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Session End

Thank You,See you in Dubai!

10th World Islamic Economic Forum28 - 30 October 2014

Madinat Jumeirah Conference Centre, Dubai