Published on September 2024 | Waqf

The Economic Value of Waqf Assets in India: A Study of the Sachar Committee’s Report

Waqf, a charitable endowment mechanism, plays a significant role in the socio-economic development of the Muslim community in India. This research paper investigates the economic value of waqf assets in India, with a specific focus on the findings of the Sachar Committee’s Report (2006). The paper provides an overview of the historical evolution of waqf in India, highlighting the substantial number of waqf properties and their expansive land holdings. The paper critically analyzes the disparities between the book value and market value of waqf properties and underscores the potential for enhanced revenue through efficient management and commercial development. The study underscores the need for strategic initiatives to optimize the economic potential of waqf assets, aiming to uplift the socio-economic status of the Muslim community in India. In this context, the paper will employ a mixed-methods approach, integrating both qualitative and quantitative research methodologies to provide a comprehensive analysis of the economic value of waqf assets in India, with a specific emphasis on the findings of the Sachar Committee’s Report (2006). A detailed analysis of the Sachar Committee’s Report pertaining to waqf will be conducted, which will involve examining the data presented in the document regarding the number, distribution, and economic value of waqf properties.