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Jordan Journal of Islamic Studies

Jordan Journal of Islamic Studies

Abstract

This study aimed to indicate the role of Islamic banks in the investment of the available endowment (Waqf) funds under the Islamic financial system in order to maximize benefits for all the parties involved. The study proved that Islamic banks can reach the ultimate goals by employing several investment tools that are approved by Sharia laws. Islamic banks can invest the endowment (waqf) funds directly, or through paid to those who invested. The investing process must deploy the approved tools within the Islamic financial system through Islamic financing or investment deposits, or Islamic bonds (sukuk) ;and thus spread awareness and culture Waqf among members of society at the level of the dispersion of Islamic banks.

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