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Economic Analysis of Waqf and Agency Theory: A Theoretical Review

Year: 2025

Type: article

Abstract: This article explores the agency relationship, a central concept in agency theory, which arises when a principal delegates authority and responsibilities to an agent, characterized by information asymmetry and conflicts of interest. Applying this theoretical framework to Waqf, a traditional socio-economic system prevalent in many communities, the study aims to understand the governance mechanisms and dynamics between key stakeholders: donors (Waqif), managers (Nadhers), and beneficiaries. By analyzing their behaviors, incentives, and constraints, this research highlights the importance of governance mechanisms in resolving agency problems within Waqf institutions.

Source: Journal d’Economie, de Management, d’Environnement et de Droit

DOI: 10.48398/imist.prsm/jemed-v8i1.60622

Authors: OUAKIL, Hicham, EL GARAI, Abderrahim

Institution: Université Ibn-Tofail

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W7089505567

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