THE ROLE OF WAQF IN REVIVING THE ISLAMIC MORAL ECONOMY IN BOSNIA AND HERZEGOVINA

The role of waqfs in revitalizing the Islamic moral economy in Bosnia and Herzegovina is of great importance for the social, economic, and spiritual development of the community. Waqfs, as charitable institutions based on the permanent allocation of property for public benefit, represent a significant component of the Islamic moral economy. Through investments in educational, religious, social, and economic projects, waqfs facilitate strengthening social cohesion, fostering solidarity, and reducing social inequalities. In the modern context, waqfs in Bosnia and Herzegovina have the potential to revitalize a moral economy based on values such as justice, equality, and sustainability. Efforts aimed at the temporary restitution and restoration of waqf properties, much of which was confiscated during the 20th century, as well as the increasing number of domestic benefactors, contribute to the development of infrastructure, education, and social protection. Through these activities, waqfs not only promote local economic growth but also revive traditional Islamic values that encourage ethical resource management. In this way, waqfs serve as a bridge between the past and the future, offering a sustainable development model aligned with the moral principles of the Islamic economy.