Purpose – This paper attempts to construct Islamic gracious monetary instruments namely Qardh hassan, Waqf and Gift central bank certificates. The certificates do not only function as monetary instruments per se, but also give economic and social benefit for the public such as the needy....

Purpose – This paper attempts to construct Islamic gracious monetary instruments namely Qardh hassan , Waqf and Gift central bank certificates. The certificates do not only function as monetary instruments per se , but also give economic and social benefit for the public such as the needy....