Cash Waqf as a Source of Financing for Small Enterprises in Libya (Waqf Microfinance Fund)

The idea of establishing specialized endowment funds has gained great importance in community service in several countries, in all economic and social sectors and activities where The advantages that distinguish Waqf (endowment) funds have prompted many Islamic countries to adopt them, such as Kuwait, Malaysia, Saudi Arabia, and others, in an attempt to find new renewable resources as alternatives to traditional financing and fill its gaps. Despite the advantages of these funds, Libya is still witnessing deficiencies in the field of endowment and has yet to come close to the idea of cash Waqf funds. This study and its results attempt to be a reference, a model, and a constructive outlook for Libya's adoption of the concept and project of cash endowment funds as an additional funding source along with available financing sources and a solution to the financing problems that small enterprises suffer in Libya. It would also serve as a proposal and vision for the future to activate the Waqf experiment and embody it on the ground.