Estimating the Financing Capacity of the Municipality Using the third Sector of the Economy by Issuing Waqf Bonds (Case Study: Qom city)

Abstract

Financing is one of the most important challenges of municipalities. The instability of the revenue sources of the municipalities, as well as the extensive tasks, has caused the slowness and prioritization of the tasks and municipal services. The Waqf tradition, which has a rich history, has been the architect of the urban body of its time at any time. In the past, people built many of their urban needs, which may be placed in the less priority categories of urban management, with the help of people and Waqf of property. Waqf in western countries has also had successful achievements, especially in education. This idea was measured using the CVM or conditional valuation technique in Qom. In this research, 384 head of households living in Qom were consulted. The results of the study showed that the willingness to pay per person is equivalent to two hundred and fifty thousand Iranian Tomans on average. The value of Waqf financing is almost 961 billion Rials per month.

Keywords

• municipal financing
• public finance
• the third sector of the economy
• waqf
• waqf bonds