Indonesian Waqf Board Research Articles

OPTIMIZATION STRATEGY OF CASH WAQF LINKED SUKUK INSTRUMENT FOR PROCUREMENT OF HEALTH FACILITIES IN INDONESIA

This study aims to identify problems, solutions, and strategies that hinder the use of Cash Waqf Linked Sukuk (CWLS) as an instrument for procuring health facilities in Indonesia as seen from the dimensions of waqif, promotion, government, regulation, and nadzir. The data analysis technique used is the Analytic Network Process (ANP), using seven expert respondents from academics, regulators, and practitioners. The results of this study indicate that the priority dimension of problems and solutions in general in the use of the CWLS instrument for the procurement of health facilities in Indonesia has to do with the promotional dimension. This is because promotion is a means of communicating to the public about the CWLS instrument. Therefore, promotional activities can minimize people who do not know about the CWLS instrument. The overall strategic priority is the implementation of waqf literacy classes by the Ministry of Religion and the Indonesian Waqf Board to the community. Literacy is an essential component in influencing someone to contribute to waqf. Thus, with this strategy, it is hoped that the public will know about the CWLS instrument. This research is expected to provide benefits for stakeholders of the CWLS instrument to evaluate the strategies that have been carried out previously so that in the future, the utilization of the CWLS instrument in the health sector is more optimal, and the role of waqf in economic development can be achieved.

Legal Protection Of Waqf (Wakaf) Land Through Act - Law No. 5 Of 1960 Concerning The Fundamental Regulations Of Agraries (Case Study Of Land In Semarang City)

The land legal certainty is necessary to have a rule of law. This is because in every settlement of cases of conflicts and land disputes, certainty regarding the land is needed, including knowing the status of the land, who owns it, what the evidence is, and knowing its location and extent, to guarantee legal certainty regarding the matters mentioned above to avoid the existence of an acknowledgment and expropriation and a party that recognizes the unilateral land. Empowerment of Waqf in Indonesia, judging from the amount, the waqf property itself can be said to be quite large. Most of the items that will be waqf are plots of land that will be built by places of worship, Islamic educational institutions, cemeteries, or other things which are generally not cheap. Waqf objects have useful value, namely, they are managed by very good or modern management, but must be based on the Islamic Religion Shari'ah under the coordination of the Indonesian Waqf Board. This research method is research that uses a normative juridical research approach. This approach examines legal issues based on normative rules associated with existing conditions in society.

Dawr al-ṣukūk al-murtabiṭah bi al-waqf al-naqdī fī taṭwīr mu'assasat al-ri‘āyah al-ṣiḥḥīyah bi Banten

This article aims to analyze the role of Cash Waqf Linked Sukuk (CWLS) in the development of healthcare services, particularly eye health, during the Covid-19 pandemic in Indonesia. The study adopts a descriptive qualitative approach, utilizing field research that involves analyzing social facts, expert opinions, and theoretical debates. The study findings indicate that the proceeds from CWLS, managed by the Indonesian Waqf Board (BWI) as the nāẓir (trustee), were used to purchase equipment for the retina and glaucoma center and provide patient transportation at Achmad Wardi Hospital. The utilization of CWLS proceeds significantly benefited 2,162 patients with retinal and glaucoma conditions, who faced challenges in accessing medical treatment and were at risk of blindness due to regional and social mobility restrictions during the pandemic. The model of utilizing CWLS proceeds for healthcare facility development at Achmad Wardi Hospital, implemented by BWI, can be replicated by other cash waqf trustees through collaboration with healthcare entities that cater to the community's needs.

Impact of Understanding, Islamic Religiosity, Product Knowledge, and Trust on Intellectual Property Rights Waqf Intentions

This study aims to investigate the Indonesian Muslims' intention toward the intellectual property rights of Waqf. This article uses the quantitative method. This study used 210 respondents who have waqf knowledge. The data analysis method used is the Partial Least Square (PLS) method. The authors' contributions were divided into two. First, the significance of the indicators that make up the variables of intention, Islamic Religiosity, understanding, product knowledge, and trust in waqf institutions regarding the waqf intellectual property rights. Second, the significance of the factors that influence the intention of the Indonesian Muslims in waqf intellectual property rights. It was the Islamic religiosity variable that had a positive and significant influence on the intention of waqf intellectual property rights. The findings of this research support the Indonesian Waqf Board in increasing the collection of waqf assets from Muslim communities in Indonesia. The Indonesian Waqf Board needs to implement various waqf programs to increase the knowledge and understanding of Indonesian Muslims regarding waqf intellectual property rights. The variable Islamic Religiosity needs to increase in Indonesian society since it has a positive and significant influence on the intention of waqf intellectual property rights.

The Proposed Model for Successful Cash Waqf Management for Waqf Institutions in Indonesia

The collection of cash waqf in Indonesia shows an increase. It is in line with the existence of an agency that explicitly handles waqf in Indonesia, namely the Indonesian Waqf Board (BWI). However, specific research that focuses on the successful management of cash waqf is still limited. This study aims to describe the determinants of the success of cash waqf management. Literature research data sourced from Google Scholar. Data collection using the publish or perish application. Data analysis used the preferred reporting items for systematic reviews and meta-analyses (PRISMA). The study results have identified five indicators of successful cash waqf management: regulation, nadzir, mauquf 'alaih, Islamic financial institutions, and management systems. In the end, this research has also produced a conceptual model that determines the success of cash waqf management. The Indonesian Waqf Board and community organizations that manage cash waqf can respond to the results of this study by increasing their contribution to the five success factors of cash waqf management

Understanding the Governance of Family Endowments in the Context of Dual Accountability

his research aims to conceptualize the governance of family endowment (waqf ahli) to provide both social and economic benefits. The significance of this research lies in the fact that parties involved in waqf development in Indonesia, such as Indonesian Waqf Board (BWI) and traditional leaders, must establish appropriate policies to ensure the sustainability of waqf ahli. Furthermore, this research not only aims to enrich waqf literature but is also crucial for preserving the potential of local wisdom in efforts to promote socio-economic development in the community. This research uses a qualitative approach with ethnography as its research design. The research employs in-depth interviews and documentation as data collection methods. Interviews were conducted in an unstructured manner with open-ended questions involving key stakeholders directly involved in the management of waqf ahli in several regions. In analyzing the data, the researchers used the thematic network method. The findings of this research indicate the need for a serious approach to the organization of family waqf so that the agenda for waqf revitalization can proceed effectively.

MUSLIM INTENTION TO PARTICIPATE IN RETAIL CWLS: THE TEST OF MEDIATION AND MODERATION EFFECTS

Cash Waqf-Linked Sukuk (CWLS), which integrates cash waqf instruments and sovereign Sukuk, is an innovative Islamic investment product with social and spiritual dimensions. This study investigates public intention to participate in Retail CWLS (SWR) using the Technology Acceptance Model (TAM) framework with the addition of other relevant constructs. An online survey was conducted using the purposive sampling technique and involved 130 respondents. The data were analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM) supported by WarpPLS. The results indicate that Perceived Ease of Use (PEOU), Perceived Usefulness (PU), Perceived Transparency (PT), and Trust in the Indonesian Waqf Board and Waqf Institutions have a significant positive effect on individual Intention to participate in Retail CWLS. Furthermore, this study reveals that Trust could partially mediate the relationship between PU and individual Intention. However, Religiosity fails to moderate the relationship between PU and individual Intention to purchase SWR. The study also demonstrated other complementary statistical outputs such as split-sample, non-linear relationships among latent variables, effect size, and the Q-squared coefficient to ensure that the processed data were robust. Also, this finding indirectly implies that CWLS is not only targeted at the Muslim community but also for general investors from other religions and beliefs.

Energy Of Waqf: Overviewing Waqf's Potential In Driving Economic Growth In The Gorontalo Province

The demographic bonus that Gorontalo Province has as the population with the second largest Muslim percentage after Aceh, of course, can be a great potential in maximizing waqf collection in Gorontalo Province. So that later it is expected to encourage the acceleration of economic growth in Gorontalo Province. The purpose of this study is to find out how the potential of waqf in encouraging the acceleration of economic growth in Gorontalo Province. In this study, the researchers used qualitative research by conducting an exploratory study of the potential of waqf in encouraging the acceleration of economic growth in Gorontalo Province. The type of data used in this study consisted of primary data and secondary data. The data collection technique used in this research is the first interview. The second and third literature studies are by doing Subjective Intuitive. The results of this study indicate that waqf is an energy that can accelerate economic growth in Gorontalo Province. Although the process of maximizing the collection of waqf potential in Gorontalo Province will experience various challenges, there are 3 things that can be done to overcome these challenges. These 3 things are, first, the need to strengthen the social function of philanthropic institutions as institutions that collect and manage waqf assets. Second, the need for productive waqf management. Third, the inclusion of waqf awareness in educational institutions. For the sake of this implementation, of course, synergy is needed between related institutions such as the Indonesian Waqf Board, Philanthropic Institutions, Islamic Banks, Ministry of Religion, Ministry of Research, Technology and Higher Education, Ministry of Agriculture, Ministry of Education and Culture and other related institutions.

Transformation of Waqf Management in The Digital Era: A Meta Synthesis Study

Purpose: This study aims to synthesize several research results that have been carried out related to the digitization of waqf management by various waqf nazhir.Design/Method/Approach : A qualitative approach was used in this study with a meta-synthetic method of 20 scientific journal articles that studied digitalization in waqf socialization and waqf collection.Findings: The results of this study indicate that the Indonesian Waqf Board as the locomotive of national waqf management seeks to build a digital waqf ecosystem nationally by going through several stages. Starting from BWI's internal digitization, digitizing nazhir waqf and integrating waqf data. In addition, the process of accelerating the strengthening of the digital ecosystem through innovation in digital waqf management is also carried out. In the socialization process, waqf is introduced to the public through the use of various digital platforms, such as websites and social media. The socialization covers the basic concept of waqf to an invitation to waqf to the community.Originality/Values: The process of collecting waqf has also been transformed by utilizing various digital payment applications (e-payments) that offer convenience and flexibility for waqf to make waqf.

Temporary Waqf as a Study of Fiqh Muamalah (Juridical Thoughts and Possibility of Its Implementation)

Abstract: Based on data from the Indonesian Waqf Board (BWI), Indonesia has a waqf potential of IDR 180 trillion per year. However, waqf in Indonesia has not been fully managed effectively, in many cases there are abandoned waqf objects that are not maintained. To reduce the abandonment of waqf assets, the discourse of waqf fiqh has developed with the discussion of temporary waqf. The question that arises is what is the opinion of the fiqh scholars about temporary waqf, especially the scholars of the four madzhabs; Shafi'i, Hanbali, Hanafi and Maliki? Then how is the possibility of implementing the temporary waqf? This research is a combination of normative and empirical, using a qualitative approach, by researching the law on temporary waqf, supported by empirical data. Primary data is obtained from field research, in the form of interviews with the Head of the Waqf and Land Institute of the Nahdlatul Ulama Regional Board of Yogyakarta Special Region. Secondary data is obtained from fiqh books, articles and regulations in Indonesia regarding temporary waqf. Shafi'iyah and Hanabilah scholars such as As-Shirāzi and Ibn Qudamah rejected the practice of temporary waqf. On the other hand, the Hanafiyah and Malikiyah allow temporary waqf. Nahdlatul Ulama officially recognises four schools of fiqh: Hanafi, Maliki, Shafi'i, and Hanbali, so there is a possibility that temporary waqf can be implemented by Nahdlatul Ulama because Hanafiyah and Malikiyah permit temporary waqf.

Balanced Scorecard Performance Evaluation Model for Waqf Institution

<p><em>Nazir Professional supports the management and utilization of productive waqf in Indonesia with measurable performance and competence. This study aimed to contribute to the Indonesian Waqf Board in evaluating Nazir's performance and competence in managing productive waqf through Key Performance Indicators (KPI). A descriptive qualitative analysis was conducted on previous studies to examine Nazir's performance and competence through KPIs based on the Balanced Scorecard. KPIs and periodic evaluations could make Nazir work more productively and professionally to increase the growth of productive waqf. Furthermore, the Nazirs could use the KPI performance, and competency assessment model proposed to the Indonesian Waqf Board to standardize its performance and competency assessments. The proposed model is hoped to be refined through further evaluation in the future.</em></p><p> </p>

Pengaruh Pengelolaan Wakaf Tanah Produktif Terhadap Peningkatan Kesejahteraan Masyarakat di Kecamatan Siman, Ponorogo.

According to Indonesian Law no. 11 of 2009 concerning welfare, social welfare is a condition for the fulfillment of the material, spiritual and social needs of these citizens in order to live properly and develop themselves so that they can carry out social functions. The birth of the Law of the Republic of Indonesia No. 41 of 2004 concerning Waqf which leads to empowerment of waqf, is one of the instruments in building the socio-economic life of the community. According to data released by the Indonesian Waqf Board (BWI), the number of donated land locations in Siman District is 147 places, with a land area of 12.70 hectares, covering 5.22 hectares that have been certified as waqf land and 7.47 hectares are not yet certified land. The number of donated land in Siman Subdistrict that has not been certified is more than that which has been certified. Siman subdistrict, Ponorogo was chosen as the place for research because of the large number of waqf lands and boarding schools whose management was not optimal in several places and this had an effect on the welfare of the community. This study aims to determine how much the potential and impact of the Management of Productive Land Waqf in Siman District on Community Welfare. The method used in this research is quantitative methods and data collection techniques using primary data (documentation and questionnaires) and secondary data (official documents of the Siman District Office of Religious Affairs, data from the official website of the Indonesian Waqf Board and from the Central Statistics Agency). The sampling technique was simple random sampling and data collection used a questionnaire method with a Likert scale. Data analysis used simple linear regression and data processing used SPSS 21 software. The results of this study indicate that the management of productive land waqf has a relationship with the welfare of the community. The results of this study indicate that the greater the potential of Productive Land Waqf Management, the greater the impact on Community Welfare. For now, the welfare of the community has only been affected by 18.1% by the management of the productive land waqf, while the sisanaya is influenced by other variables not examined in this study. Researchers suggest that the management of productive land waqf can be maximized.

Pengaruh literasi dan pendapatan terhadap keputusan berwakaf uang melalui LKS-PWU di Kota Surabaya

The purpose of this study was to determine the effect of literacy and income levels on cash waqf decisions at islamic financial institutions receiving cash waqf in the city of surabaya. The independent variable in this study consisted of 2 variables, namely literacy and income, while the dependent variable in this study was the decision to endow cash in lks-pwu. This study uses a quantitative method with a sample of 100 respondents. The questionnaire was distributed using right and wrong answers according to the guidelines of the indonesian waqf board ilw in measuring literacy levels. While the statements for other variables use a likert scale. The results of this study indicate that the literacy variable has an effect on the cash waqf decision variable in lks-pwu surabaya city. In addition, the income variable also affects the cash waqf decision variable in lks-pwu. The results of the coefficient of determination test (r square) show that literacy and income variables have a simultaneous effect of 37.7% on the decision to endow cash in lks-pwu.

The Role of Waqf in Financing Religious Social Activities in North Labuhanbatu Regency

The most important problem that is so easy to see is the problem of understanding and knowledge about waqf, both those who are waqf and those who manage the waqf. So far, those who do waqf only understand that waqf is only a worship whose reward will flow continuously without limit. This type of research is field research and juridical normative. In order to obtain answers from this research, the researchers conducted direct research in North Labuhanbatu Regency. The primary data from this study are waqf data originating from the Ministry of Religion of North Labuhanbatu Regency, KUA throughout North Labuhanbatu Regency and those from waqf nazirs in North Labuhanbatu Regency. In addition, secondary data sources are Law No. 41 of 2004 concerning Waqf, Government Regulation No. 42 of 2006 concerning the Implementation of Law no. 41 of 2004, books related to research. This study explains whether waqf in North Labuhanbatu Regency has a role or not in helping finance social activities. Then explain the application of Law No. 41 of 2004 concerning Waqf in North Labuhanbatu Regency. There are three research questions that are answered in this study, including those related to waqf institutions in North Labuhanbatu Regency in terms of Law no. 41 of 2004 concerning Waqf. Then about the procurement and management process of waqf in financing social activities in North Labuhanbatu Regency. Then in North Labuhanbatu Regency there is no BWI representative. So that the waqf there is managed by waqf nazirs who are legalized by the existence of the Waqf Pledge Deed (AIW) issued by the Head of the District Office of Religious Affairs. None of the waqf nazir has been approved by the Indonesian Waqf Board.

Cash Waqf and The Development: A Case Study of Cash Waqf Linked Sukuk in Indonesia

This study offers an integrated analysis of the Cash Waqf Linked Sukuk application in Indonesia. The method employed is a review of the literature utilizing many data sources. Several significant ideas, like the sharing economy, Islamic financial innovation, and social impact bonds, have a significant link with the implementation of CWLS, according to the findings. Cash Waqf Linked Sukuk (CWLS) is a tool for placing waqf money (cash waqf) on Indonesia's sovereign Sukuk (SBSN), which was developed to support the social facilities development program. With the presence of CWLS, the private sector can actively contribute to the government's development of public facilities for widespread advantages. The primary advantage of CWLS is that its advantages can be enhanced through the provision of government-managed public infrastructure with solid governance and a low degree of risk. The Indonesian Waqf Board, Bank Indonesia, the Ministry of Finance, Islamic Financial Institutions, the Zakat Institutions, the Ministry of Religious Affairs, Investors, and (Mauquf Alaih) Beneficiaries are involved in the management of CWLS. The study finds that CWLS may be able to aid the community in achieving more sustainable and equitable economic growth.

MANAGEMENT OF PRODUCTIVE WAQF IN ACHMAD WARDI EYE HOSPITAL OF BWI-DD IN SERANG BANTEN

The study aims to portray the model of waqf management by Achmad Wardi Eye Hospital (Rumah Sakit Mata Achmad Wardi or RSMAW) established by Indonesian Waqf Board (Badan Wakaf Indonesia or BWI) and Dompet Dhuafa (DD) in Serang, Banten, (hereinafter referred to RSMAW BWI-DD). Generally, the utilization of waqf assets for public facilities in Indonesia is still insignificant. Thus, the large potential of waqf has not yet delivered a significant economic and social impact. The study uses a qualitative method with library study and interviews as the data collection techniques. The findings show that RSMAW BWI-DD has applied all management procedures such planning, organizing, directing, and supervising activities. Meanwhile, the model of waqf management employed by RSMAW BWI-DD focuses on collecting waqf funds with Cash Waqf Linked Sukuk (CWLS) scheme and investing them to Indonesian sovereign sukuk. This model involves several parties, namely waqf nāẓir institution (Lembaga Nazhir Wakaf), Islamic financial institutions (called as Lembaga Keuangan Syariah Penerima Wakaf Uang or LKS PWU, Indonesian Waqf Board (Badan Wakaf Indonesia) and the Indonesian Ministry of Finance. The study concludes that management processes implemented by RSMAW BWI-DD are well-mannered in generating a positive impact to health sector in Indonesia.

PATTERN OF NAZHIR WAKF DEVELOPMENT IN THE CITY OF BANDA ACEH

ABSTRACT Based on waqf regulations in Indonesia, Nazhir waqf is entitled to receive guidance from the government (central Ministry of Religion, Regional Office of the Ministry of Religion, Regency/City Ministry of Religion and KUA) and the Indonesian Waqf Board. However, the waqf regulations in Indonesia do not regulate the pattern of development. This study examines how the pattern of coaching Nazhir in the city of Banda Aceh. The method used in this research is a qualitative method that is a field study or empirical and the focus of the study is the role of the government in fostering Nazhir in the city of Banda Aceh. The results of the study show that the pattern of Nazhir's development in the city of Banda Aceh is a formal and informal pattern. Formal patterns such as seminars, workshops and training. Meanwhile, informal patterns such as at the time of sermons, religious lectures, at the momentum of the handover of Nazhir's decree, the participants were very limited and attended by participants other than Nazhir waqf.

Determinant factor of crowdfunders’ behavior in using crowdfunding waqf model in Indonesia: two competing models

PurposeThe potential of waqf is so great in Indonesia but has not been optimized. This paper aims to offer a model for waqf institutions to adopt financial technology for developing productive and social waqf. The authors cunduct an assesment of the Technology Acceptance Model (TAM3), Unified Theory of Acceptance and Use of Technology (UTAUT2) in seeing to the crowdfunders’ behavior.Design/methodology/approachThis study adopted a structural equation using the partial least square approach to test the hypotheses. Based on purposive sampling, the spread of questionnaires through online surveys throughout Indonesia consists of all islands. A total of 297 respondents collected the questionnaires.FindingsBased on the findings, acceptance models have a positive and significant impact on the behavioral intentions of crowdfunders, while Unified Theory of Acceptance and Use of Technology have no significant effect.Research limitations/implicationsThe sample of this study involved potential crowdfunders from all over the islands in Indonesia, but these results cannot be generalized because of limitations in terms of the sampling technique used. However, the results of this study can be used as an illustration of how crowdfunders behave in donating money using financial technology.Practical implicationsThe results of this study provide a comprehensive perspective for policymakers, especially the Indonesian Waqf Board as the waqf authority that regulates waqf nazir to improve quality by adopting crowdfunding financial technology in collecting waqf funds. In addition, in terms of implications for the government, this waqf crowdfunding model will reduce spending and increase economic growth.Originality/valueTo the best of the authors’ knowledge, this paper is the first in looking at the waqf crowdfunding in Indonesia by looking at two reliable technology determinant models. Studies on cash waqf in Indonesia are many, but they do not look at the issue of crowdfunding, which has gained more attention recently. This paper aims to fill this gap, and this becomes the novelty.

TRAINING AND COACHING AS A SOLUTION TO IMPROVE NAZHIR'S PROFESSIONALITY IN JEKAN RAYA DISTRICT, PALANGKA RAYA CITY

Nazhir's professionality in Jekan Raya District is not optimal, because there are still some who do not carry out their duties after becoming Nazhir, one of which is not reporting the implementation of waqf assets to the Indonesian Waqf Board (BWI), did not receive any prior guidance or training related to the management and development of waqf, and that is one of BWI's duties regarding its duties and authorities which has not been implemented until now. This community service activity carried out by the Zakat and Waqf management study program FEBI IAIN Palangka Raya, aims to strengthen Nazhir's competence and professionalism through reporting assistance carried out with outreach activities and FGD in Jekan Raya sub-district.t. 100% of participants attended the activity and followed until the activity was finished. The results showed that participants gained new knowledge about the development of waqf management and realized the importance of waqf reporting, this became an increase in knowledge professionalism and competence for nazhir. Participants are interested in trying to practice it in the implementation of waqf management. It is hoped that this activity can increase waqf, especially in the Jekan Raya sub-district, Palangka Raya City.

Islamic Economic Methodology Aproach to Achieve Economic Equity: Epistemological Study

Economic policies based on capitalism and socialism have proven to have failed to create a just economy. As a result of adhering to capitalist and socialist ideologies, macroeconomic imbalances and national instability occur. The welfare and prosperity of the people does not depend on production alone, but also on its proper distribution. Wealth in a country can be produced in large quantities, but if its distribution is not based on true and fair principles, then the country will not be able to achieve prosperity. This article aims to find out how the methodology of Islamic economics realizes equity and falah. This research uses descriptive qualitative research method with a literature review approach. Data collection techniques, with literature, from several sources obtained that are relevant to the theme. Books, journals, websites, and others. The data analysis technique is descriptive qualitative, describing the study of Islamic economic epistemology that can help realize economic equity. The results in this study BMT is a financial institutional system that is able to reform the conventional economic system and bring economic justice and equitable distribution with practical provisions through syar'i arrangements in collecting and distributing through wadi'ah, mudharabah, musyarakah, murabahah, salam, istishna transactions. , ijarah, and qardh. The implementation of Islamic social finance in Indonesia can be seen through the existence of various financial institutions that provide financial services by involving Islamic social funds such as Baznas (National Amil Zakat Agency), BWI (Indonesian Waqf Board) and other institutions with the aim of embracing the middle, small, and medium-sized micro communities.