A Comparative Study on the Management of Al-Mafqud Real Estate (AMRE) and Luqatah Property (LP) in Malaysia
Abstract
Al-mafqud real estate (AMRE) is considered as a new issue in Malaysia. There is a need to
uncover the differences between AMRE and luqatah propertiy (LP) using available resources in the literature. This leads to this study which aims to investigate clear differences between AMRE and LP. At this moment, only
LP which is well-managed by State Islamic Society Council (MAIN) or Baitulmal. The main difference between
both entities is the owner. Al-mafqud means people who are missing without any news for a certain period and
have a high probability to be alive rather than dead. Al-mafqud real estate (AMRE) means property which
belongs to someone missing while luqatah property (LP) means the missing property where it was found
somewhere without knowing who is the owner of that property. Findings from the document analyses show that
there are differences between AMRE and LP. AMRE should be utilised in such a way that can be beneficial to
the ummah and this should be made legal.