Critical analysis of newly promulgated “Islamabad Capital Territory Trust Act 2020” in nexus to FATF (Financial Action Task Force) Requirements

Authors

  • Jibran Jamshad Assistant Professor, Department of Law, The Islamia University Bahawalpur, PhD Scholar BZU Multan Author
  • Hamid Mukhtar Corresponding Author, Assistant Professor, School of Law, University of Okara, Okara, Author
  • Kashif Mahmood Saqib Assistant Professor, School of Law, University of Okara. Okara Author

Keywords:

Waqf, Trust, Islamic Law, Pakistan, Islamabad Capital Territory Trust Act 2020, Financial Action Task Force

Abstract

Waqf is considered as an important and distinguished institutions of Islam. The involvement of huge money and its traditional history makes it more powerful than the western concept of Trust. In Pakistan, the topic gains more importance after Financial Action Task Force(FATF) enlisted the country into the grey list and required it to reform its laws specifically dealing with Waqf and Awqafs.

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Published

2022-06-30

Issue

Vol. 37 No. 57 (2022): AL-AZVA

Section

Articles

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