ABSTRACT
Historically, the role of waqf covered almost all sectors without any cost to the government. This role, however, has deteriorated since the end of the 18th century up to the present time. Since then, waqf properties have become idle, neglected, unproductive, and a burden to all Muslim countries, which has discouraged new founders from creating new waqf, with the exception of waqf of mosques and cemeteries. Nonetheless, the last few decades have witnessed the revival of waqf through two approaches: redevelopment of the old and idle waqf properties and the creation of cash waqf. Even though this revival shows an optimistic approach in stimulating the role of waqf in Muslim and Muslim minority countries, yet it is believed that by integrating the new era of Fintech and blockchain technologies, the role of waqf will not only be augmented, but it will improve the accessibility of waqf as it will assist to reach all societies in all parts of the world through a trusted trustee in a quick and transparent manner.
