... on profit maximization, waqf governance is rooted in religious and ethical duties, emphasizing accountability to God, society and the environment. These foundational distinctions necessitate a unique governance framework centered on public welfare and spiritual values rather than private gain. D63 D64...

... social finance Socioeconomic development Welfare Pakistan D63 D64 I31 In Islamic history, waqf has been working as the most effective institution for broad-based socioeconomic activities with mutual efforts in an organized way. It facilitates for (re)distribution of resources...