Contemporary Waqf Companies from the Perspective of Islamic Economics: A Proposed Concept for the State of Kuwait

General Objective of the Study:

This study aims to conceptualize contemporary endowment companies from an Islamic economic perspective, ensuring their alignment with the legislative framework of Kuwait. It seeks to achieve this by defining contemporary endowment companies and differentiating them from similar entities such as non-profit organizations, commercial companies, Islamic investment funds, and endowment funds. The study also explores its jurisprudential rooting, assesses their compatibility with Kuwaiti legislation, highlights the economic, developmental, and social impacts of establishing these contemporary companies, and proposes a model draft law for contemporary endowment companies in Kuwait.