Potential Of Waqf Research Articles

Supporting Indonesian Online Waqf as Islamic Economics Source: Waqif Behaviour Approach in Java Island

Indonesia has great potential for asset waqf and cash waqf. Technological advancements show significant growth through fintech platforms for donations, zakat, and waqf. However, the magnitude of the potential of waqf and the advancement of financial technology is not in line with its realisation; this is a fundamental problem in Indonesia. The study aims to analyse the support of online waqf, an approach to waqf behaviour in Indonesia, by examining the influence of waqf literacy, trust, and attitude on behavioural intentions and behaviour of users who pay online cash waqf with age as a moderating variable. The study used a quantitative method with a survey approach to waqif in Indonesia, totalling 242 respondents through purposive sampling domiciled on the island of Java. Data analysis uses a structural equations model with the partial least squares (SEM-PLS). The study found that waqf literacy, beliefs, and attitudes have a significant relationship and a positive influence on behavioural intentions and user behaviour. Age has a significant impact on moderating the relationship between literacy and behavioural intentions. Behavioural intentions are significantly related to online waqf user behaviour. The implications of the research are increasing the support of literacy, trust and attitude to increase the potential for the realisation of online waqf in Indonesia, especially on the island of Java. The waqif behaviour approach strengthens the literature on Muslim social contributions. Further research examines the behavioural aspects of online waqf recipients (nazir) with qualitative and quantitative method approaches.

Waqf Management in Pesantren: A Case Study of Lembaga Wakaf Daarut Tauhiid

Waqf, as an instrument for wealth distribution in Islam, must have an impact on people's well-being. However, in actuality, waqf collection and management in Indonesia is substandard. As a result, as a nazir, the Lembaga Wakaf Daarut Tauhiid Institution must be able to collect and administer waqf assets properly. The purpose of this research is to analyze the waqf institutions' strengths, weaknesses, opportunities, and dangers, as well as to develop strategies for collecting and managing waqf assets in the Wakaf Daarut Tauhiid Institution. In this study, the Analytic Network Process (ANP) with a SWOT structure system was applied. The most influential feature of strenth was discovered to be the presence of figure. The most serious shortcoming is a lack of education and outreach to prospective waqf. The most crucial feature of the possibility is the high potential of waqf. The most potent part of threat is waqf faith in waqf organizations. The approach for effective waqf asset management prioritizes the promotion of waqf initiatives using social media. The created plan is designed to serve as a guide for stakeholders in creating future policies.

Taxes and Islamic Philanthropy: Unlocking the Potential of Waqf in Individual Tax Reductions

Waqf, which is a form of Islamic philanthropy based on the principles of social justice and wealth distribution, has great potential to influence tax structures and government policy. This study examines the potential for integration between the tax system and Islamic philanthropy, with a focus on utilizing the concept of waqf as an instrument to reduce individual tax burdens. The research method is a literature survey of more than 20 articles related to social funds sourced from waqf as a strength of Islamic philanthropy by trying to study and analyze using qualitative methods. The results of the research are that there are five strategies that can be implemented within the framework of waqf cooperation with taxes. First, waqf assets that have been developed and have added value are entitled to tax benefits. Second, the results of cash waqf investments are eligible for tax incentives. Third, waqf assets may qualify for income tax exemption. Fourth, provide tax benefits to waqf donors. Lastly, provide tax incentives to business actors who help waqf institutions or movements. So the potential of waqf as a tax reduction instrument can be optimized, providing significant benefits for Muslim communities and driving the sustainable growth of Islamic philanthropy.

Proposing an Effective Waqf Model for Ensuring Poverty Reduction among Refugees in Malaysia

Background COVID-19 has heavily impacted the financial and economic well-being of the world’s population. Various national relief programs and initiatives have been carried out to address society’s financial difficulties, especially the issue of poverty among the vulnerable, like refugees and immigrants. Consequently, being one of the main elements in Islamic social finance, waqf has been emphasised and proven throughout Islamic history as one of the practical tools for poverty reduction. However, recent waqf initiatives towards poverty reduction focused more on aiding the micro and small entrepreneurs, whilst limited waqf initiatives were available to help low-income households, refugees, and immigrants during this critical time in Malaysia. Methods This study introduces a novel waqf model, specifically designed to contribute to poverty reduction in society. It is tailored for low-income households, refugees, and immigrants, aiming to sustain their financial independence. By combining the elements of waqf and crowdfunding, this model proposes an innovative agriculture-based microfinance programme. It utilizes undeveloped waqf lands and equity-based crowdfunding to reach its objective of poverty reduction. This study has adopted a secondary research approach using the existing scholarly literature. Results This paper also discusses the potential of the proposed model to deliver more than its primary objective, as the framework illustrates that waqf institutions will have a continuous inflow of funds that will allow them to initiate other waqf-based projects, job creation through the microfinance programmes, and financial return for the investor of equity-based crowdfunding projects. Conclusion This study not only underscores the sustainability of the proposed model, but also its alignment with the increasing awareness of value-based and social impact objectives. It further explores the potential of waqf to be integrated with other financing instruments during the pandemic to help the vulnerable, specifically refugees and immigrants. This research thus contributes to the true purpose of Islamic social finance, highlighting the significance of its findings.

Analisis Tingkat Pemahaman dan Psikologi Nazhir dalam Penerapan PSAK Syariah 112 Tentang Wakaf

Waqf assets in Indonesia have increased significantly, but the potential of waqf has not been optimized. In Bekasi Regency, the majority of land waqf is focused on places of worship, not yet combined with other functions such as education or the people's economy. Increasing the contribution of waqf requires literacy, regulation, and capacity building of nazir. PSAK 112 is present for good waqf governance, regulating recognition, measurement, presentation, and disclosure of transactions, accountability, and public trust. This study aims to analyze the level of understanding and psychology of nazir in the application of PSAK 112 in Bekasi Regency, especially in the Cikarang area. This research is important because previous research focused on waqf reporting practices, while the current research focuses on the reasons for the low implementation of PSAK 112 by nazir.

SUMBANGAN DAN POTENSI WAKAF DALAM USAHA MENCAPAI MATLAMAT PEMBANGUNAN MAMPAN DI MALAYSIA

The Sustainable Development Goals, or SDGs, are an increasingly common subject of discussion in developing countries. The Sustainable Development Goals (SDGs) are currently being implemented in Malaysia and other nations' policies and development with the objective, of which the world hopes to accomplish by 2030, was also put forth by the United Nations (UN). Thus, the aim of this research is to examine the role and potential of waqf in supporting Malaysia towards sustainable development. This study employs library research for data collection, thus constituting qualitative in nature. Materials include books, journals, papers, and newspapers which include scientific research. Furthermore, the researcher acquired information directly from official websites that have been recognised in academic research. Subsequently, the documents were further analyse in order to determine waqf's potential and contribution to the achievement of the seventeen Sustainable Development Goals (SDGs). The results of the study found that waqf also contributes and are potentially adhere to achieve some of the seventeen goals contained in the SDGs as further discussing in the findings of this study.

Beyond Intent: An Empirical Study on the Underlying Factors of Cash Waqf Contribution


 
 In pursuit of a flourishing Indonesia by 2045 through the productive waqf movement, collaborative efforts are essential to optimize resources and unleash the full potential of waqf. This research delves into the determinants influencing individuals' inclination to contribute to cash waqf, encompassing variables such as religiosity, education, information influence, comfort, trust in waqf institutions, and perceptions of ihsan. Two independent dummy variables, namely the impact of the covid-19 pandemic on cash waqf and pre-pandemic cash waqf participation, are employed to assess whether past waqf behavior influences future intentions. The dependent variable is engagement in cash waqf. Utilizing a purposively distributed questionnaire via Google Form in Jakarta, 107 responses were obtained through snowball sampling. Regression analysis using SPSS 26.0 revealed that comfort, trust in Waqf Institutions, and Ihsan positively impact the interest in participating in cash waqf. Interestingly, the perception of the covid pandemic did not affect the intention to contribute cash waqf, but individuals who had previously participated in cash waqf before the pandemic exhibited a significant likelihood to continue their contributions. 
 

Waqf for accelerating socioeconomic development: a proposed model with focus on Pakistan

Purpose The unique institution of waqf that was ignored during the colonization of the Muslim areas has to be revived to play its role in shared growth, social inclusion and cohesion in society. This research paper aims to explore the role of waqf as an instrument for a sustainable growth system and to suggest a model for socioeconomic development in an economy like that of Pakistan. Design/methodology/approach This qualitative research is based on analytical methods to arrive at the frameworks and a model that could facilitate the revival of waqf for community development/social inclusion in economies like that of Pakistan. Findings As most of the OIC member states like Pakistan are facing serious financial problems due to debt servicing obligations, promoting Waqf for various socioeconomic and cultural functions is a vital requirement for such economies. The inability of the state institutions in providing necessary civic, health and education facilities to the public is causing serious harm to the balance of the society. It requires promoting a formal system of charity and using FinTech for waqf-based donations and financing the micro businesses. The perpetuity complimented by the profitability of the waqf properties makes the waqf institutions sustainable and effective when compared to individual charities. Research limitations/implications This is conceptual research discussing the potential of waqf in light of its historical role. Researchers may undertake empirical studies on awqaf operations in various jurisdictions and their role in the empowerment of the poor. Practical implications The research will provide the researchers with insight into the potential of waqf as a tool for community development. Besides, it will enable policymakers and implementation authorities to socialize charity for sustained benefits and welfare. Originality/value To the best of the authors’ knowledge, it is the first major research that discusses the role of waqf in economies facing budgetary and trade deficits in the eradication of poverty and the promotion of social and economic entrepreneurship in realizing the community development targets for the economies like that of Pakistan.

The Role of Money Waqf towards Empowering MSMEs in Reducing Production Costs

Waqf is one of the instruments that can help economic development in Indonesia. Thus, waqf plays a role in empowering the people's economy through business capital assistance programs for MSME players. Micro, small, and medium enterprises play an important role in developing the economic growth of society. This is because the MSME sector has the potential to contribute the largest GDP, requires a large workforce, and is relatively resistant to economic crises. According to the Ministry of Cooperatives and Small and Medium Enterprises, Indonesia has 64.2 million MSME units. With details of 63.4 million micro-businesses, 783.1 thousand small businesses, and 60.7 thousand medium-sized businesses. However, of the total number of MSMEs in Indonesia, 70.2% of MSME units experience problems in capital or raw material supply. However, Islamic economics is here to solve economic problems through waqf instruments. Waqf has eternal benefits that are universal. Thus, one of the benefits of waqf is that it can be used as business capital for MSMEs. According to BWI, Indonesia has a cash waqf potential of around IDR 180 trillion per year. To realize the potential of waqf, an optimal and professional management system is needed. This study aims to examine the potential of cash waqf in encouraging the community's economy through micro businesses in determining production costs. This research uses a qualitative method using a literature study research design with content analysis. The results of this study conclude that the optimal management and distribution of waqf funds can help micro businesses in reducing production costs.

Empowering Malaysian Higher Education: A Review of Cash Waqf Practices

This study aims to examine the role of cash waqf in improving the sustainability and efficiency of higher education in Malaysia, with a focus on its impact on educational outcomes and institutional development. The research problem arises from the growing financial challenges faced by higher education institutions in Malaysia, which struggle to maintain quality and accessibility due to inadequate funding. While existing literature underscores the potential of waqf to address these financial shortfalls, particularly by enhancing access and quality, its full effectiveness is limited by challenges such as governance issues, regulatory barriers, and insufficient donor engagement. Thus, the objective of this study seeks to explore how cash waqf can overcome these challenges and contribute to the long-term sustainability of the higher education sector. The findings of the study reveal that cash waqf plays a significant role in boosting institutional performance, supporting funding structures, and fostering a conducive learning environment. Moreover, the integration of technology in waqf management, particularly in fund administration, enhances accountability among waqf managers and empowers donors, thereby opening up opportunities for innovative financing solutions. The policy implications suggest the need to revise policies that encourage public-private partnerships and improve the efficiency of waqf management through collaboration between universities and relevant waqf organisations. Additionally, understanding the socio-cultural factors influencing donor behaviour is critical for mobilising communities towards cash waqf contributions. The research also highlights the importance of tailored promotional strategies that resonate with cultural norms to sustain funding for higher education institutions. Consequently, this study provides valuable insights for policymakers and academic leaders on adopting effective cash waqf practices to strengthen the Malaysian higher education system.

Understanding the Intersection of Waqf and Pesantren Culture: A Study on Local Wisdom

Waqf, as an integral component of the Islamic philanthropic development model, Waqf plays a crucial role in enhancing educational quality. Its economic potential is further amplified through inter-governmental partnerships. This paper aims to elaborates on the potential of waqf as an economic instrument. Utilizing qualitative literature review methods, this article underscores the economic potential of waqf in addressing a range of pertinent issues. The findings of the study reveal that (1) waqf management aligns with economic capabilities; (2) economic management is in accordance with the practices of Prophet Muhammad and his companions; (3) management models are diversifying as an adaptive response to modern economic theory; (4) Waqf holds potential for economic development. Furthermore, this study's outcomes align with the waqf management concept implemented in several countries, demonstrating its success in managing waqf and providing community benefits, all grounded in Islamic teachings.

Analisis Faktor-faktor yang Mempengaruhi Persepsi Wakif dalam Berwakaf melalui Platform Wakaf Hasanah

<em>The Hasanah Waqf Crowdfunding Platform was created to make it easier for people to have waqf. With the large potential of waqf in Indonesia, the accumulated amount of waqf in Hasanah Waqf is still far from the target. The research objective was to analyze the factors that influence the perception of waqf through the Hasanah Waqf platform using a combination theory of the Technology Acceptance Model (TAM) and Theory of Planned Behavior (TPB) as well as literacy and trust as external factors. The population is all Muslim communities in Indonesia. The sampling technique used non-probability sampling of as many as 369 people. Quantitative research methods with data analysis techniques Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results showed that perceived ease of use has a positive effect on perceived usefulness. Perceived usefulness and perceived ease of use have a positive effect on people's attitudes. However, the attitude towards the Hasanah Waqf platform has a negative effect on the intention to do waqf through the Hasanah Waqf platform. Subjective norms have a positive effect on intention waqf money through the Hasanah Waqf platform. Perceived behavioral control has a negative effect on the intention of waqf through the Hasanah Waqf platform. Literacy and trust have a positive effect on the intention for waqf through the Hasanah Waqf platform. And the intention has a positive effect on the behavior of waqf money through the Hasanah Waqf platform. This research is expected to provide information to increase the collection of cash waqf in Indonesia.</em>

Analisis Impostor Syndrome dalam Aspek Religiositas terhadap Waqf Behavior Mahasiswa IPB dengan Pendekatan Ebbinghaus Forgetting Curve

In the context of productive waqf development in Indonesia, especially at Bogor Agricultural University (IPB), this research is rooted in the high potential of waqf followed by the tendency of students to contribute. With the Indonesian Waqf Board (BWI) as the main mover and IPB as an educational institution that acts as a nazir, increasing waqf literacy has had an impact on people's anxiety about post-life in the world, motivating them to actively waqf. Furthermore, this study links the phenomenon of Impostor Syndrome with the Ebbinghaus Forgetting Curve, highlighting the psychological and cognitive role in the retention of waqf-related information. This research uses a mixed method, namely quantitative derived from the results of CIPS and STAI tests of respondents to identify impostor syndrome and power function decline to find the new ebbinghaus forgetting curve. The qualitative method carried out is derived from interviews with key persons. Through a focus on IPB students, this study aims to understand how Impostor Syndrome feelings can affect aspects of religiosity and student waqf contributions, with the hope that the results can form emotionally stable, sincere, and balanced waqf behavior in achieving life balance.

DETERMINANT FACTOR OF CROWDFUNDERS' BEHAVIOUR IN USING CROWDFUNDING WAQF MODEL: CASE STUDY IN GENERATION Z MUHAMMADIYAH

Introduction: The potential of Waqf is vast in Indonesia but has yet to be optimized. This paper offers a model for waqf institutions to adopt financial technology to develop Waqf for Muhammadiyah organizations. Later, the Crowdfunding waqf model (CWM) was validated by adopting the technology acceptance model (TAM) theory.
 Methods: This research adopts a structural equation using the partial least square approach to test the hypothesis. Based on purposive sampling, 568 questionnaires were distributed through an online survey to Generation Z Muhammadiyah.
 Results: Based on the findings, the Crowdfunding waqf model's perceived benefits and ease of use positively impact waqf institution trust and crowdfunder or donor behavioral intention. Furthermore, the results also found that literacy and religiosity significantly positively affect crowdfunding behavioral intentions in Waqf.
 Conclusion and suggestion: The results of this study provide a comprehensive perspective for policymakers, especially Muhammadiyah organizations, to improve quality by adopting crowdfunding financial technology in raising waqf funds. Finally, this paper offers additional literature on Waqf and Crowdfunding, particularly in the context of religious organizations.

CASH WAQF LINKED DINFRA (CWL-FRA) AS WAQF INNOVATION MODEL INTEGRATED WITH INFRASTRUCTURE INSTRUMENT FOR NATIONAL ECONOMIC RECOVERY AND SUSTAINABILITY

Cash waqf is a form of contemporary waqf that has great potential in the modern world. In Indonesia, despite its potential of 180 trillion per year, cash waqf collection, management, and distribution are not optimal. Nonetheless, the infrastructure sector in Indonesia faces obstacles, particularly in terms of funding. The innovation of the CWLFRA (Cash Waqf Linked DINFRA) model is, therefore, a solution to these two issues, as the proposed model is the result of an integration between efforts to optimize cash waqf and infrastructure financing via the Infrastructure Investment Fund (DINFRA). In this CWL-FRA innovation, waqf funds will be allocated to the mauquf 'alaih from the profits of infrastructure investment funds, which will become a source of long-term usable assets. As a result, the purpose of this academic paper is to develop a model capable of bolstering the ecosystem of Islamic social financial institutions and maximizing the potential achievement of cash waqf in Indonesia as a means of implementing sustainable finance and an effective instrument in reviving national economy through infrastructure development. In addition, this study seeks to determine the viability of the potential for developing the productivity of cash waqf in an effort to increase the effectiveness of achieving cash waqf to support economic sustainability with infrastructure potential. Nine respondents representing academicians and expert practitioners from both the waqf and infrastructure sectors filled out questionnaires to collect data. According to the results of the Delphi test, all respondents believed that there was a relationship between the Strengths, Weaknesses, Opportunities and Threats (SWOT) indicators, indicating that this model is implementable. Moreover, based on the level of agreement of respondents, this model has the potential to contribute positively to national economic recovery, become a sustainable source of social funds, optimize the potential of waqf in Indonesia, strengthen the ecosystem of waqf social finance institutions, and improve the quality of management and maintenance of Indonesia's infrastructure. These findings demonstrate that integrating financial waqf with existing public infrastructure could positively affect the sustainability of national economic development. The novel aspect of this paper is the proposed cash waqf management system, which can serve as a useful reference for policymakers and waqf institutions seeking to develop a more effective waqf concept in terms of collection, administration, and distribution. Consequently, this study aims to demonstrate the potential for cash waqf, which can be integrated with DINFRA's product through the innovation of the CWL-FRA model, to become an investment instrument and offer a diversity of options to the waqf community.

The Potentials of Waqf to Attain Youth Empowerment for Low Level of Corruption and Peaceful Coexistence in Kano, Nigeria

Abstract
 The study was aimed to explore the potential roles of waqf institutions in the provision of youth empowerment for low level of corruption in Kano State. The low level of corruption is one of the pillars of positive peace. Youth unemployment, lack of resources, lack of funding resulted in high corruption in the society, and this resulted in the increase in crime rate, insecurity and social vices among the youth in the state. The thread, insecurity situations, poverty, unemployment and deplorable conditions in Kano are at alarming rate, there are several cases of criminal activities among the youth which includes, thuggery, theft drug abuse among others this is due to unemployment, illiteracy and poverty. The youth’s conditions in Kano needs urgent attention to salvage the peace and tranquility of the state. Methodology -the research uses the qualitative approach to examine the potential role of waqf in addressing these issues and recommends the ways which waqf funds used to efficiently empowered the youth, Whereas, the interview was conducted, and the data were analyzed thematically. Findings- The waqf has the potentials in addressing the menace of unemployment, insecurity and other social vices among the youth in kano, lower the level of corruption and established peace. The study concluded that, waqf institutions has the potential role in addressing youth empowerment for the low level of corruption and peaceful coexistence in the state.

IMWI 4 Tahfiz Agripreneurcation: A sustainability model for private Tahfiz Schools in Malaysia

This article presents (i) the potential of waqf and ijarah instruments in economic development and (ii) proposes a model for the integration of waqf and ijarah for the sustainability of Tahfiz institutions. The study used a structured interview method with several founders of Private Tahfiz Schools (PTS), State Islamic Religious Councils (MAIN), and State Islamic Departments (JAIN). The study results present an "IMWI 4 TAHFIZ AGRIPRENEURCATION" model that integrates waqf and ijarah instruments, combines smart strategic partners, and involves several sectors of the country, including education, agriculture, entrepreneurship, and tourism.

Kecakapan Nazhir Dalam Pengelolaan Wakaf Produktif Di Indonesia

The potential of waqf in Indonesia for strengthening the recipient's economy is still very large if nazhir manages it productively. Although many regulations related to his existence have been made, the quality of nazhir in Indonesia is far from what has been expected. This research aimed to answer the question of why nazhir still faces a low level of professionalism. The methode used was a library research analyzing 29 data. This research found that there were six most influential factors related to the low quality of nazhir performance in Indonesia: lack of managerial skills, lack of education or training, unprofessional recruitment of nazhir, the traditional paradigm of nazhir, legal status of nazhir, and minimum number of nazhir. In order to strengthen waqf governance, it is suggested that a managerial requirement clause be added in addition to integrative and continuous training for nazirs.

Blockchain technology and the potential of waqf (Islamic endowment) sector revival

The waqf (Islamic endowment) sector encompasses significant untapped wealth that can contribute to socioeconomic and sustainable development. The sector suffers, however, from prevailing trust issues that have weakened its role and impaired its effective utilisation. As a trust-building technology, blockchain emerges as a potential solution to overcome waqf challenges. To demonstrate the prospects of blockchain technology in waqf revival, this paper presents the challenges faced by the waqf sector and the value that blockchain technology can bring to the sector, the challenges facing the adoption of the technology considering the prevalent governance and management structures and the current operating models. It also overviews blockchain in practice. This paper argues that the value of blockchain technology in waqf lies primarily in the development and management of waqf assets. This value, however, may only be reaped once existing waqf challenges have been resolved and a carefully architectured governance structure is developed. The waqf development and management model warrants close coordination with government agencies and waqf authorities as the current custodians of waqf assets. This renders some features of blockchain, namely decentralisation, irrelevant. Challenges related to legal and Sharia uncertainties surrounding blockchain technology and cryptocurrencies pose risks that must be carefully considered to ensure that blockchain waqf platforms are not pursued as a venture driven solely by blockchain hype.

THE ROLE OF WAKAF IN REALIZING PEOPLE'S WELFARE

Poverty is one of the many problems in this country. Various efforts have been made by the government and elements of society so that the problem of poverty in this country can be resolved. Some attempts were successful, some were not. Poverty that occurs in society is not entirely the responsibility of the government, but is a shared responsibility between the government and the community. is to manage waqf productively. This research is related to the potential of waqf as a development for the welfare of the community. This research is a qualitative research and uses library research (Library Research). The data sources in this study consisted of primary data and secondary data. The primary data sources in this study were the book by Mannan, M. Abdul, Cash Waqf Certificate A, Islamic Financial Instruments and Mustafa E. Nasution's book “Islamic Financial Innovation Cash Waqf. that waqf in Indonesia has an annual economic potential of IDR 3 trillion. The potential is extraordinary, especially if the funds are handed over to the manager and invested in a productive sector, for example, the funds are deposited in an Islamic bank, in other words, every year Islamic banks provide 9% Profit Sharing, then at the end of the year there will already be funds of IDR 270 Billion. The benefits of cash/cash waqf are not only able to increase economic growth, but also to create income distribution.Keyword: Cash Waqf, Welfare, Empowerment Public