Management Of Waqf Assets Research Articles

Distribution Strategy to Mauquf to Create the Trust of Nazir

Waqf assets that are well managed and developed according to a clear direction can increase the economic level of the community with the economic means therein. The role of Waqf nazir becomes very important considering their duties, namely, the manager, as well as the Waqf object service, according to their functions. Of course, this is related to mauquf 'alaihi, in which they are appointed to benefit from the allocation of Waqf. The purpose of this research is to look at the mauquf ' alaih strategy in maintaining Nazir's trust so that the assets of the Waqf were maintained and well maintained. The method used in this research is descriptive qualitative research with a literature study approach, which will explain about Waqf. The type of data used in this scientific paper is secondary data. The data sources referred to are journals and books on Waqf management. However, the results show that the management of Waqf assets has a very significant impact and produces greater benefits if it is managed and developed productively. Then the role of nazir will be seen as more visible considering that they are the ones in the workshop for the Waqf. Economic opportunities in productive Waqf can boost nazir's confidence and encourage him to be more active in the organization and Waqf

Traditionalism Nazhir Kyai On Waqf Asset Development In Bangkalan Madura

<p><em>This research aims to identify the model of waqf asset management by religious leaders (kyai) in Madura, which serves to support and optimize asset waqf utility nationally, which has not been well empowered. This study focuses on (1) knowing the management and development of waqf capital assets by Kyai as Nazhir in Bangkalan, and (2) determining the analysis of the waqf asset development model in order to increase the benefit of waqf assets in Bangkalan</em><em>. </em></p><p><em>A qualitative approach was used in the present study. Data retrieval techniques with documentation and in-depth interviews on the management of waqf assets in Bangkalan using component analysis on waqf core principles standards.</em></p><p><em>The results of the research showed that waqf assets managed by kyai were transferred to posterity without going through the changing nazhir process, which impacted on the unfulfilled aspects of waqf development, which is based on aspects of knowledge, training recruitment, rewards, and aspects of coaching and supervision.</em></p>

Potensi Dan Paradigma Nazir Terhadap Aset Wakaf Tanah Di Kabupaten Tapanuli Selatan

Land waqf is one of the pillars in solving the problem of economic disparities in the ummah. This can be realized if the land waqf is managed properly and productively. In order for waqf assets to be more productive and more effective, it depends on how the nazirs are managed. Therefore, the nazir must build a new paradigm in the management of waqf assets. From the land waqf data in South Tapanuli Regency, the potential for land waqf reaches 411 hectares. However, this potential means nothing for the economic development of the ummah. even consumptive only for places of worship. Meanwhile in the Constitution, Government Regulation and KHI fully support land waqf must be developed in support of the economy and managed productively according to sharia by the nazir concerned. This research is a qualitative research with descriptive form. Data collection techniques are observation, interview and documentation. Data processing techniques are data editing and data reduction and drawing conclusions. Keywods: Potential, Paradigm, Land Waqf

Development Strategy of Waqf through The Instrument of The Testament of Sharia Insurance Policy

Previous research tends to discuss the management of waqf assets obtained from testament waqf, but this study focuses on the management of the instrument of testament waqf that is attached to life insurance by PT.AXA Financial Indonesia. This study aims to determine the waqf management strategy through the instrument of the testament of the sharia insurance policy. The type of this research is field research, the source of the data is the AXA agency, and customers by conducting in-depth interviews. The results show that: 1) Waqf management is used to build assets such as mosques, prayer rooms, Islamic boarding schools, and madrasas, 2) The opportunity is that waqf management can be integrated online, and also collaborate with various waqf distribution agencies in Indonesia. The obstacles that occur are the lack of public understanding of the testament of the sharia insurance policy, and 3) The development strategy is integrated socialization to the public through various means and media. It is concluded that the waqf instrument is an alternative to carrying out worship after death, even though the public is not too familiar with the use of this instrument, it is an obligation for all insurance agents at PT. AXA to socialize this Instrument so that it can be an attraction for insurance.

Dimensi Ekonomi Produktif dalam Regulasi Wakaf di Indonesia

<p><em>Waqf is a form of worship in Islam which has productive economic value. And Law no. 41 of 2004 concerning Waqf has opportunities for economic development for the benefit of social welfare. For this reason, it is necessary to have a study that analyzes the Waqf Law from a productive economy perspective. In this study, using content analysis method, which is an in-depth discussion of the content of written or printed information. In this case Law No.41 of 2014 concerning Waqf seeks to be coherent with productive economic theory. And the theory used as an analysis tool is the productive economic theory of Qutub Abdul Salam, in terms of the dimensions of productive economic goals and the main factors needed. Thus, this research actually aims to find the coherence of the articles in the Waqf Law with the Productive Economic Theory developed by Qutub Abdul Salam. From the results of data collection and analysis, it can be concluded that the Waqf Law is kohern with productive economic theory. The purpose of productive economic activities is to increase the benefit that can be realized in various forms, including: Meeting human needs at a moderate level, finding community needs and their fulfillment, providing supplies of goods / services in the future and fulfilling the means for social activities and worship of Allah. Among the articles in the Waqf Law which are coherent with productive economic objectives is article 5 of the Waqf Law, which explains that waqf functions to realize the economic potential and benefits of waqf assets for the benefit of worship and to promote public welfare. In productive economic theory, the productivity factors of a business include four things: natural resources, managers / workers, skills and capital. The natural resource factor as one of the factors in the development of the productive economy is coherent with the Waqf Law, namely waqf objects in the form of land, buildings or other immovable objects. The productivity factor in the form of managers or workers managing and carrying out waqf assets is nazir which includes; individual, organization, or legal entity. Skill is a very important productivity factor in managing waqf assets. Nazir as the manager of the waqf will receive guidance from the Minister of Religion and the Indonesian Waqf Board (BWI) both in terms of skills and managerial. And the capital factor in the context of the management of waqf assets is the object of waqf. In the Law on Waqf the objects of waqf include movable and immovable objects. With the issuance of the Waqf Law No. 41 of 2014, immovable objects have become important assets in the development of productive waqf. Movable property that cannot be used up due to consumption includes: money, precious metals, securities, vehicles, intellectual property rights, lease rights and other movable objects in accordance with the provisions of sharia and applicable laws and regulations.</em><strong><em></em></strong></p>

Evaluation of wakafMu fundraising platform using HOT-FIT method

Muhammadiyah as one of the social organizations engaged in religious, social, education and health has a very strategic and important role in society. One of the assets managed by Muhammadiyah is waqf, the existence of waqf has become very strategic because besides being an Islamic philanthropic institution, waqf also plays an important role in providing endowment for the ummah. Waqf which is managed by Muhammadiyah Regional Leadership (PDM) of Magelang also has constraints that cause the power of the role of waqf to be limited. One of them is majority of waqf is consumptive and in the form of land with minimal financial resources in its development. The main problem is the lack of the fundraising of endowment funds. Currently only fundraising information system models have been made but it has not been investigated whether this information system can obtain economic value so that productivity can be increased in the management of waqf assets. The method used in this research is to use the HOT-FIT method which aims to see the relationship between human, organization and technology of the Net Benefit from the application of waqf fundraising information systems obtained from quantitative data collection in PDM Magelang.

Inovasi Pelayanan Wakaf Produktif Era Digital: Studi Kasus Di Yayasan Wakaf Bani Umar 2018

<p><em>This study wants to find out the role of digital-based services performed by Nadzir in carrying out waqf management activities. This research uses a case study at the Wakaf Bani Umar Foundation, a foundation that focuses on managing productive waqf. In analyzing data, researchers used a qualitative descriptive analysis. From this study three conclusions were obtained, including: 1). Management of waqf assets must be profit oriented, 2). Nadzir must provide the best service, 3). Nadzir must be consistent in using social media as a form of digital-based services.</em><em></em></p>

PRODUCTIVE WAQF FOR THE MODERNIZATION PESANTREN

The article aims to investigate the role of waqf in the modernization of education in Pesantren, by using a case study of the utilization of productive waqf at Modern Pesantren of Gontor and Pesantren of Tebuireng Jombang. The Method used is qualitative with phenomenological approach and comparative study. The result of the study shows that the pesantren built with Islamic philantrophy in the form of waqf institution is a good model for development of pesantren education in Indonesia’s contemporary era. The development process of waqf pesantren of Gontor Modern Pesantren and Tebuireng Pesantren is carried out with several supporting pillars, including: the pesantren administrators’ dedication of their wealth as waqf, the professional institutionalization of waqf pesantren in the form of the foundation’s legal entity, the productive management of waqf assets, and the productive utilization of waqf for the development of education. Both pesantrens have proven that the foundations’ nazir (administrator of waqf) have succeeded in productively managing the waqf in the pesantren community. This further cement the importance of pesantren as an integral part of the society.

Design Of Geographic Information Systems Monitoring Waqf At The Cikupa Sub-District Religious Affairs Office

Geographic Information System Technology (GIS) / Geographic Information System (GIS) is a technological information system regarding geography that is very developed up to the present. Geographic Information Systems have a very good ability in visualizing spatial data and its attributes, modifying shapes, colors, sizes, and symbols. GIS can be used by various fields of science, work, and events. Along with the advancement of information technology in the modern era, government services to the public must adapt to the demands of the times. Creativity and innovation as a form of service to the community are absolute and very necessary and one of them is by providing information technology-based services. The Office of Religious Affairs is an office that carries out part of the duties of the Indonesian Ministry of Religion office in the regencies and municipalities in the field of Islamic religious affairs within the sub-district. The purpose of this research is to improve the management of waqf assets by displaying the geographical locations of waqf land assets so that it is easier to monitor waqf assets so that their utilization can be maximized through the geographical information system at the Cikupa District Religious Affairs Office. Endowments are assets of the people who must be saved, managed well, and developed for useful purposes. The system analysis method used is PIECES which consists of Performance, Information, Economy, Control, Efficiency and Service. Unified modeling Language (UML) as a tool to analyze system rocedures that are running. With a geographic information system monitoring waqf land assets can display waqf assets contained in Cikupa District by displaying the location of waqf land through digital maps contained in geographic information systems.
 Keywords: Systems, Monitoring, Endowments, Geographical.

Sukuk: A Veritable Tool for Effective Waqf Fund Management in Nigeria

<p>Since its emergence in the early 2000’s, Sukuk has been regarded as the most significant innovation recorded in the Islamic capital market. Sukuk is generally regarded as an equivalent of conventional bond, Sukuk paved way for mobilization of long term Shari’ah compliant funds for equally Shari’ah compliant undertakings. Islamic capital market experts have developed various Shari’ah compliant Sukuk structures, notable among which is Waqf-based Sukuk structure. Viewed as a distinct ethical capitalism and a veritable vehicle for long term financing, Waqf was found to record tremendous impact in all spares of human needs. The paper seeks to unveil how Waqf-based Sukuk could be used to attain effective mobilization as well as management of Waqf assets. It explores the possibility of issuing Waqf-based Sukuk for the development, renovation, reconstruction and modification of Waqf assets in Nigeria. The paper employs a non-experimental, deductive-analytical approach, in its investigation. Evidences show that Waqf-linked Sukuk has been successful in the development of Waqf assets in countries like Indonesia, Singapore and Saudi Arabia. Accordingly, the paper develops a Waqf-based Sukuk (ijarah) framework for fund mobilization for development of Waqf properties in Nigeria. We strongly recommend that both formal and non-formal Waqf institutions in Nigeria should utilize this outlet to effectively develop, deepen and manage their philanthropic activities.</p><p><br /><br /></p>

Accountability and Management of Waqf: An Analysis of Waqf Practice in Banda Aceh, Indonesia

AbstractObjective – This research was conducted to analyze how management, regulation, recording, and reporting of waqf assets in Banda Aceh, Indonesia Design/methodology – This research is a qualitative-descriptive type study. Data collection techniques utilize the method of observation, interview, and documentation techniques. The data analysis model used in this study is the miles model and interactive interaction. Results – The results of the study indicate that the implementation of the law is not optimal and not fully in accordance with the management of waqf assets in Banda Aceh. Weak accountability was also evident in the accounting and reporting of waqf assets in Banda Aceh City. Research limitations/implications – This study is limited as it only focuses on asset management carried out by manager of waqf (Nazhir Gampong) in the Banda Aceh City administration, not yet in the realm of management carried out by foundations and organizations. Therefore future studies are suggested to fill the limitations of this study.

DEVELOPMENT OF WAQF LAND PRODUCTIVITY FOR THE CONTRUCTION OF HOUSING TO LOW INCOME SOCIETY (MBR) FOR REALIZING GENERAL WELFARE

Endowments in Indonesia have abundant potential. However, the potential of waqf has not been able to contribute to solving the problem of poverty, because the management of waqf assets in Indonesia has not been widely used productively due to the still conservative pattern of public thought. Using the Juridical-Normative method, this study tries to provide a literary explanation of the views of the Fuqhas on how the legal status of the development of the productivity of waqf property? and how is the model that can be used to develop the productivity of the waqf property? According to Al-Kamal bin Al-Hammam, the authors of the books Fathul Qadir and Al-Mirginani, the authors of the book Al-Hidayah, said that they could build buildings that were already known that the building could be useful for the ummah, and many models could be used. delivery (BGS) or build operate transfer (BOT).

Optimizing the Role and Function of Nazhir as the Embodiment of Accountability Principle of Waqf Regulation in Indonesia

Optimizing the Role and Function of Nazhir as the Embodiment of Accountability Principle of Waqf Regulation in Indonesia Ani Yumarni, SHI, MH; Endeh Suhartini, SH, MH; Mulyadi, SH, MH Abstract This paper conducts the study on the role and function of the nazhir of waqf in empowering the object of waqf with the aim that the intended waqf object can give benefits and contributions continuously to the public (ummah). In relation, the existence of nazhir in waqf institution is become unique in the other form of the Islamic fund management philanthropy, namely zakat. Moreover, law no 41 of 2004 concerning on waqf stated that nazhir is a person and/or a legal entity that assigned to maintain and manage a waqf property. This article discusses one of the principles contained in the law of waqf which popularly known as the principle of accountability of a nazhir manifested in in the form of optimizing the role and function of nazhir as the recipient of trust, preservation and management of waqf assets with reference to the provisions of waqf in Islam and waqf in the perspective of Indonesian legislation. Full Text: PDF DOI: 10.15640/jisc.v7n2a2

Analisis Prioritas Solusi Permasalahan Pengelolaan Wakaf Produktif (Studi Kasus Kabupaten Banjarnegara)

Waqf is one of the instruments in Islamic economics that can be used for development funding. In addition, waqf is also very potential to improve people’s welfare. In essence, the waqf is a matter that should be productively managed as contained in the hadith. However, it is currently in the opposite state. This study analyzes the priority of problems and solutions to optimize the management of waqf assets in Banjarnegara Regency, one of regencies in Central Java with highest poverty rate. Analytic Network Process (ANP) is the method used in this study. The result of the research shows that the main priority of human resource problem is the low managerial ability of the nazhir. The priority of institutional problem is the role of BWI Banjarnegara that is not yet optimal, while the priority of the government problem is the lack of support and role of the government. The priority solution of the most important problem is coaching and mentoring for nazhir.

The Construction of Commercial Building on Waqf Land Based on Indonesia Law

Management system of Waqf Utilization is one of the important aspects in developing new paradigm of waqf in Indonesia, including the construction and management of commercial building on the waqf land. This article examines the use and management of wakaf land for commercial building development. The method used is normative juridical, with comparative approach to commercial building development on wakaf land in Singapore and Malaysia. There is a need for partnership synergy especially with the business world in the development of waqf land for commercial building development. In relation to the provisions of the Waqf Law, the management of waqf assets must be in accordance with the principles of sharia. This also applies in Financing and Management of commercial building on waqf land. The benefits of managing the waqf land for commercial building development will be channeled to mauquf’alaih (waqf recipients) in accordance with the pledge of waqf.

An Exploratory Study of Accounting and Reporting Practice for Waqf Among State Islamic Religious Councils in Malaysia

Nowadays, Muslims has been exposed to the increasing number of waqf practice and the importance of waqf to the society due to the huge benefits in the socio-economic development and assist the poor and those in need. However, there is a lack of accounting system and systematic management of waqf assets and the absence of written procedures of recording financial transactions of waqf assets. The purpose of this research is to identify the range of differences of waqf accounting practice in details and discover the rationale behind the diverse of accounting and reporting practices for waqf. It examines accounting and reporting practices in terms of recognition, measurement and disclosure in eleven selected state waqf institutions. It provides an insightful meaning of the issues and challenges on how accounting is practice in these State Islamic Religious Councils (SIRCs). From the analysis conducted, it is found that the financial accounting and reporting related to waqf in SIRCs differs in terms of the guideline used, the recognition and measurement (valuation of waqf asset) as well as the disclosure and reporting practice of waqf. The variations of accounting and reporting practices in these waqf institutions portray the dynamism of waqf accounting and reporting among SIRCs in Malaysia. The reason for the variation in accounting practice is attributed to the nature of SIRCs governance where each SIRC is headed by its ruler (Sultan) as the ultimate authority in Islam and the fatwa councils’ decision. The decision of the Board members with regard to the management and administration of waqf may differ in each states.

Management of Waqf Assets in Malaysia

Waqf is one of the main mechanism in providing support for the development to all levels of the ummah more so for the underprivileged. Waqf institutions in Malaysia are under the jurisdiction of the 14 states rather than the Federal government. This paper reviews the development of waqf in Melaka, one of the states in Malaysia. It discusses a brief historical background, function and legal aspects of waqf matters. A brief information on the structure and administration of waqf in Melaka, Baitulmal is responsible for the sake of administering and managing such waqf assets in Melaka is also presented. This study is also concerned with examining of the current situation of development waqf asset; which is known as waqf saham in Melaka through the record by Majlis Agama Islam Melaka (MAIM). Yet, it is undeniably true that some challenges and impediments pertaining to the issues of developing waqf assets; inter alia, lack of fund and expertise, poor documentation and the record value of waqf property and others.

Waqf accounting practices by Malaysian Islamic religious councils

Issues related to the administration anddevelopment of waqf properties have been the centre of discussion among Islamic scholars. The objective of this study was to investigate the accounting of waqf assets as practiced by the State Islamic Religious Councils (SIRCs) in Malaysia. The study examined the perception of respondents who were involved directly in managing waqf. Ten self-developed questionnaires were posted to each of the 14 SIRCs in Malaysia. A total of 56 officers responded to the questionnaire. The result indicated that SIRCs did not maintain proper waqfassets accounts, which consequently delayed their financial reports. Generally, there were no allocation of depreciation and 110 evidence of separate accounts for specific waqf and general waqf. The paper contributes towards a deeper understanding of waqf accounting as being practiced by SIRCs, hence, providing a good foundation for ways to improve the reporting and management of waqf assets.