A Modeling of Waqf Development Financing by Issuing Manfaah Securities

There is a great wealth Waqf in Iran but it has not been developed. This was the reason for the inefficiency potential of Waqf to achieve welfare improvement. Such a situation is result of the need of awqaf and welfare organization for financial resources. The awqaf and welfare organization needs money to develop Waqf. Applying modern finance methods are the appropriate way for developing Waqf according to the time and place condition. One of the methods of financing is the participation of investors in issuing securities.In this article, after studying the methods and resources of modern and traditional finance in Waqf development, we touch on the necessity of using Islamic securities as a modern method of finance and then on the model of issuing securities as a modern method of financing for achieving Waqf development.