The Application of Build, Operate, Transfer (BOT) Contract as a Mode of Financing in Developing Waqf Land: Malaysian Experience

Chapter 5

The Application of Build, Operate, Transfer (BOT)

Contract as a Mode of Financing in Developing Waqf

Land: Malaysian Experience

Azman Mohd Noor, International Islamic University Malaysia

Saidatolakma Mohd Yunus, International Islamic University Malaysia

Introduction

It has not been denied by any Muslim scholar that after a person's death, he or she will still gain

benefits from previous acts of charity (Sadaqah jariyah). The Prophet Muhammad (Peace be

upon Him) in a tradition narrated by Abu Hurayrah said:

"When a person dies, all his good deeds cease except for three: a continuous act of charity

(Sadaqa jariyah), beneficial knowledge and a righteous child who prays for him" [1].