Waqf Bank Research Articles

Development Strategy of PPM Al-Kautsar Micro Waqf Bank in Lima Puluh Kota Regency

This research aims to find out and analyze the development strategy of the PPM Al-Kautsar Micro Waqf Bank in the Lima Puluh Kota Regency. The data analysis technique used is the SWOT analysis method (Strenght, Weakness, Opportunity, Threats). Based on the results of the SWOT matrix analysis, it is known that the strategy that can be carried out in developing a Micro Waqf Bank is stratetgi SO by using all strengths to take advantage of existing opportunities. The strategy is consistency of low mentoring services (ju'alah, without collateral and interest by utilizing government restructuring programs, utilizing the role of kyai in establishing good cooperation and building trust with institutions, local governments, the community socializing the existence of BWM, carrying out Halmi routines during a pandemic virtually and directly by complying with health protocols in providing education, direction, education to customers, improving the quality of services and products even though it already exists with a ball pick-up system, optimizing the empowerment of mentoring through digital so that customers can survive during the pandemic despite social restrictions but empowerment continues to run. The strategy of developing BWM is to use BWM digitalization in providing virtual education, promoting customer products through e-commerce and social media, utilizing the role of kiyai in socializing BWM programs to the community Penelitain ini bertujuan untuk mengetahui strategi pengembangan Bank Wakaf Mikro PPM Al-Kautsar di Kabupaten Lima Puluh Kota?. Teknik analisis data yang digunakan adalah metode analisis SWOT (Strenght, Weakness,Opportunity, Threats). berdasarkan hasil analisis matriks SWOT diketahui bahwa strategi yang dapat dilakukan dalam mengembangkan Bank Wakaf Mikro yaitu Stratetgi SO dengan menggunakan seluruh kekuatan unuk memanfaatkan peluang yang ada. Strateginya adalah Konsistensi jasa pendampingan rendah (jualah, tanpa agunan dan bunga dengan memanfaatkan program restrukturisasi pemerintah, memanfaatkan peran kiyai dalam menjalin kerja sama yang baik dan membangun kepercayaan dengan lembaga, pemerintah setempat, masyarakat mensosialisasikan keberadaan BWM, melakukan rutinitas Halmi saat pandemic secara virtual dan langsung dengan mematuhi protokol kesehatan dalam memberikan edukasi, arahan, pendidikan kepada nasabah, meningkatkan kualitas pelayanan dan produk meski sudah ada dengan sistem jemput bola, optimalisasi pemberdayaan pendampingan melalui digital supaya nasabah tetap bertahan saat pandemi meskipun adanya pembatasan sosial tetapi pemberdayaan tetap berjalan. Strategi mengembangkan BWM yaitu menggunakan digitalisasi BWM dalam memberikan edukasi secara virtual, mempromosikan produk-produk nasabah melalui e-commerce dan media sosial, memanfaatkan peran kiyai dalam mensosialisasikan program BWM kepada masyarakat.

The Role of Micro Waqf Bank through Joint Liability Qard Financing in MSME Empowerment

<p><em>This study aims to describe: (1) how the implementation of the practice in empowering MSMEs at the Assa Berkah Sejahtera Kudus Micro Waqf Bank, (2) how the results of qardh financing and the results of the practice of joint responsibility financing in empowering MSMEs by the Assa Berkah Sejahtera Kudus Micro Waqf Bank, and (3) the inhibiting factors for financing the practice of joint responsibility at the Assa Berkah Sejahtera Kudus Micro Waqf Bank and what are the solutions to overcome these inhibiting factors. This research is a type of field research (field research). The approach used by researchers in this study is qualitative research. Sources of data in this study are primary data and secondary data. Primary data sources are managers, as well as several customers of the Assa Berkah Sejahtera Micro Waqf Bank. Meanwhile, secondary data sources are library books and documentation. Based on the results of the research obtained, this study shows that: (1) The implementation of the practice of joint responsibility is going well using a qardh contract and has succeeded in being a solution for customers who have difficulty paying the installments for the repayment of business capital. (2) The results of qardh financing are an increase in business and an increase in income, while the results of the practice of joint responsibility for empowering MSMEs are creating a sense of kinship and responsibility among members (3) The inhibiting factor is the lack of concern and a sense of responsibility with several prospective customers who are still selfish alone. The solution to overcome the inhibiting factors is to hold mandatory group training for five consecutive days with one of the materials, namely the practice of joint responsibility financing.</em></p>

The role of corporate social responsibility in increasing company growth through micro waqf bank as a solution for economic resilience in the pandemic

Purpose - The purpose of this study was to determine the effect of corporate social responsibility (CSR) on increasing company growth through Micro Waqf Banks (a case study of Micro Waqf Bank customers during the covid 19 pandemic).Method - The data were analyzed through the stages of reduction, display, and heuristic data, that is concluding from various data and findings obtained by researchers both from secondary data and primary data.Result - Micro Waqf Banks provide loans with small margins so that cheap funding is needed, namely from government grants and CSR from companies, even from personal sources. But in practice, the institution has difficulty in the process of increasing the funding so that, in general, it still comes from government grants. From the results of the study, 50% of business customers increased so Micro Waqf Banks could affect the economic improvement of community members, especially Micro Waqf Bank customers.Implication - MSMEs have increased from 10-40% so that it directly affects the economy of Micro Waqf Bank customers. This also indirectly affects the community's economy because of the associated economic cycle even during the COVID-19 pandemic.Originality - This research is the first research using CSR and Micro Waqf Banks to increase company growth directly and to the country's economic growth indirectly.

The Role of Micro Waqf Bank in Women’s Micro-Business Empowerment through Islamic Social Finance: Mixed-Method Evidence from Mawaridussalam Indonesia

This study examined the role of the Micro Waqf Bank in empowering women micro-entrepreneurs. This research used a mixed-method with an explanatory design. Quantitatively, this study examines the effect of the joint responsibility system, financing, and mentoring on the growth of the micro-enterprises business. The sample used was 200 women micro-entrepreneurs using a purposive sampling technique. Quantitative data analysis was performed using the Structural Equation Model based on Partial Least Squares (SEM PLS) technique. This research qualitatively analyzes how the Micro Waqf Bank has carried out its role in empowering women, including dealing with crises due to the COVID-19 pandemic. Thematic analysis was used as the qualitative data analysis technique. Informants in this study amounted to 6 informants from MWB Mawaridussalam consisting of Management, Mentors, and female micro-enterprises. The research results quantitatively indicate that there is a positive and significant impact on the joint responsibility system, financing, and mentoring on the development of micro-enterprise members. Mentoring is the most significant variable that impacts the growth of a micro-enterprise business. Qualitatively, the research results show the role of the Micro Waqf Bank in the economic empowerment of women micro-business entrepreneurs by specifically recommending reinforcement of the mentoring function.

Policy analysis of micro Waqf banks in Indonesia

This article aims to understand the Indonesian Government's efforts in making policies to handle the development of micro Waqf banks in Indonesia. The handling strategy can be assessed by understanding the policies formulated and implemented by the Indonesian Government. This study used a deliberative policy analysis approach, and data were collected through a literature study. The results of this study conclude 1) management for groups that can avoid misuse of loan funds and disbursement of funds not on target; 2) training and mentoring can build management commitment and customer enthusiasm to build a more advanced business; 3) with the financing method without collateral, the Islamic financial system does not collect deposits, low yields, and fast and easy administrative processes such as Islamic banking. Combining these three factors optimizes the performance of the micro Waqf bank in economic empowerment and community productivity. It helps increase the income and welfare of the community around the pesantren (Islamic boarding school).

Analisis Perlakuan Akuntansi Pembiayaan Qardhul Hasan Pada Bank Wakaf Mikro

Micro Waqf Bank is one of the Islamic Financial Institutions which is a government program that aims to prosper the economic life of the community by using the Qardhul Hasan contract in carrying out its financing transactions. Islamic Financial Institutions have guidelines, namely PSAK No. 59 and PSAK No. 101 in the preparation of its financial statements. The Financial Report itself is a manifestation of the responsibility of BWM managers to OJK and LAZNAS in carrying out and operating the BWM. This study uses a qualitative method. The results of the research obtained are that there are still many errors or discrepancies in the financial reporting of Qardhul Hasan financing which is adjusted to PSAK No. 59 and PSAK No. 101 both in the recognition, measurement, presentation and disclosure of the BWM financial statements

Joint Liability Based Financing To Prevent Non-Performing Financing In Bank Wakaf Mikro

The Indonesian government has made various efforts to reduce it, one of which is establishing a Micro Waqf Bank. The focus of the establishment of the Bank Wakaf Mikro is to empower the poor by providing assistance and providing microfinance for productive activities. Interesting to assess is the financing mechanism applied, namely joint liability. The purpose of this study is to examine whether joint liability-based financing can prevent non-performing financing. Data were collected from 215 respondents from Micro Waqf Bank customers in Magelang Regency. Data analysis was carried out statistically by using Structural Equation Model (SEM) Partial Least Square. The results show that joint liability-based financing has a significant effect on preventing non-performing financing. This means that joint liability based on Bank Wakaf Mikro can prevent defaults or non-performing financing. This means that joint liability based on the distribution of fund financing by Bank Wakaf Mikro can prevent defaults or non-performing financing. Problem financing in joint liability-based financing can be prevented because of the necessity of forming a group when applying for financing, so prospective customers will choose group members who have integrity and can be trusted.

Improving Marketing Products of Micro Waqf Bank Customers: Social Evolution Model

Improving Marketing Products of Micro Waqf Bank Customers: Social Evolution Model

Does the Role of Micro Waqf Bank Affect the Economy of Young Mothers in the Village?

This study is aimed to analyze the role and the effectiveness of micro waqf bank in encouraging the economy of young mothers in the village in Madura. This study applied a survey approach by spreading questionnaires to 136 respondents of two Micro Waqf Bank in Sumenep, they are (1) Micro Waqf Banks Kariman Birajuda Al Karimiyyah that is located at Jalan Raya Gapura, Braji Village, Sub-District Gapura, District Semenep; and (2) Micro Waqf Bank Alpen Barokah Mandiri that is located at Jalan Raya Sumenep-Pamekasan, Pragaan Laok Village, Sub-District Pragaan, District Sumenep. Data that have been collected were analyzed by applying ANP Model. The result shows that Micro Waqf Bank in Madura has a role in supporting the economy of young mothers in the village. The role that can be supported and need to be prioritized by Micro Waqf Bank in encouraging the business in Madura are supporting financial aspects, marketing/business aspects, and human resources aspects. The results of the research are expected to be used as a reference and input for policymakers and related parties involved in the management of the economy of villagers so that they can provide positive input for the improvement, progress and development of villagers.

Optimization of Micro Waqf Bank's Ability to Support Micro and Small Businesses

Poverty and income inequality are the most complex issues we face, and they affect people at all levels of society. Poverty is a global humanitarian issue that continues to be a major concern in all parts of the globe. The percentage of people living in poverty in West Nusa Tenggara is higher than the national average. Waqf is an economic pillar that is expected to help micro and small-scale businesses succeed. Micro Waqf Bank (BWM) is a Sharia microfinance institution formed by OJK and the National Amil Zakat Institution, with a capital scheme that is unique to BWM. The goal of this research was to figure out how to improve BWM’s ability to assist micro and small businesses in Central Lombok. Qualitative descriptive methods were used by the researcher. It was found that strategies to maximize the role of waqf banks for micro and small businesses in the vicinity of Islamic boarding schools can be developed based on the findings of BWM ATQIA’s SWOT analysis of cash waqf management. According to the findings, strategies that can be implemented include increasing the sense of responsibility among members of the customer group, strengthening the support of Islamic boarding schools in conducting marketing while also providing an understanding of the law of usury, developing appealing programs that are in high demand by customers or the public, displaying customers’ products in front of the audience, and decorating the office in a pleasing manner.
 Keywords: optimization, Micro Waqf Bank, micro and small enterprises, SWOT

Waqf Fund Management through Micro Waqf Bank Program in Indonesia

Waqf is a muamalah activity that has a very important economic and social role in Islamic history. Waqf is one of solutions to the problem of poverty and social inequality in society. The establishment of the Micro Waqf Bank initiated by the government together with the Financial Services Authority (OJK) has played an important role as one of the new Islamic microfinance institutions in financial inclusion in Indonesia. This paper will discuss how the management of waqf funds through the Islamic Waqf Bank program based on pesantren in efforts to alleviate poverty and social inequality which has become a chronic problem in Indonesia. The discussion in this paper uses the literature study method in which the writer's team looks for various sources of literature such as books, internet, journals and others. This paper confirms that the Micro Waqf Bank has an important role in the efforts to empower the economic community, especially for people who are around the boarding school but it is still necessary to make regular improvements both from the operational side of the Micro Waqf Bank and the alignment of the naming of the institution in order to avoid any misunderstanding among the community especially Muslims.

Waqf Bank Discussion Series: An Operational Structure Development for Economic Growth in Malaysia

Waqf is an Islamic financial mechanism that can improve the quality of the Islamic financial system. The Islamic banking system's operation using waqf practices such as creating waqf banks (WB) can contribute to the development of the Islamic financial and economic system. However, until now, Malaysia still does not have a WB. In line with this, the main objective of this study is to propose a model that focuses on how to develop the new WB Operational Structural model, which has to be in line with shariah law. This study is a qualitative study using an exploratory design. This study involved the collection of primary and secondary data. Primary data were obtained through face-to-face interviews using semi-structured questions on waqf institutions executives, Islamic bank managers, and Muslim scholars to indicate WB operational structure development. Secondary data involves document sources such as books, magazines, journals, and others. The data were then analyzed by qualitative content analysis. The study results found that the bank endowment structure model should consist of the consumer banking department (CnBD), corporate banking department (CBD), and the bancassurance department. It is hoped that this bank wakaf model can be used as a guide for banks and national leaders in their efforts to develop a wakaf bank in Malaysia.

Fundraising Waqf at Micro Waqf Banks in Realizing People's Welfare

Waqf has enormous potential in helping to realize the welfare of the people. Waqf is included in the category of muamalah teachings where the recommendation to implement it is sunnah. The realization of community welfare which is the main goal of waqf can be realized if waqf is managed in a productive way. Productive management of waqf funds certainly cannot be separated from the existence of waqf fundraising. This study aims to determine how waqf fundraising at Micro Waqf Banks. The type of research in this study used a qualitative type of research using descriptive methods. Sources of data needed to assist research obtained through primary and secondary data. The process of collecting data in this study was obtained through observation, interviews, and documentation. Furthermore, data analysis is carried out through several stages which include data reduction, data presentation, and then drawing conclusions and verification. The results showed that the fundraising of waqf in the Micro Waqf Bank Bahrul Ulum Barokah Sejahtera Tambakberas Jombang was obtained from LAZNas (National Zakat Amil Institution) then the funds were managed and distributed productively by the Micro Waqf Bank in the form of business loans with a group system to the community around the pesantren.

PERSPEKTIF MASLAHAH MURSALAH TENTANG IMPLEMENTASI AKAD QARDH DALAM PEMBIAYAAN USAHA MIKRO DI BANK WAKAF MIKRO AL-ANSHOR PEDULI KOTA AMBON

The purpose of this study was to describe the implementation of qardh contract financing at Al-Anshor Peduli Micro Waqf Bank Ambon, and to find out Maslahah Mursalah's Perspective on Qardh Contract Implementation in Micro Business Financing at Al-Anshor Peduli Micro Waqf Bank Ambon City. This research was conducted using qualitative descriptive techniques and field studies (library research). The results of the study: 1. qardh financing is carried out by socializing to micro business actors or community members who want to start a business. 2. Utilization of the qardh contract in accordance with the principle of maslahah mursalah, according to the perspective of maslahah mursalah. Implementation of credit financing qardh contracts to provide benefits for micro business actors who have difficulty working capital and people who want to start a business but lack funds.

Social-Economic Empowerment through Integration of Social Finance and Business of Pesantren In East Java

The large number of Pesantren and the influence of their alumni indicate that there is enormous potential for Pesantren in participating in social change and as agents of economic empowerment for communities in the surrounding area. In East Java, the development of the Pesantren business has begun to become a special focus with the existence of the Pesantren business holding (HEBITREN), One Pesantren One Product (OPOP), and Pesantren Sarekat Business Cooperative (KSBP) as part of the Pesantren independence development program. In addition, Pesantren also manage Islamic social finance such as Amil ZIS Institution (LAZIS) and Micro Waqf Banks (BWM) that can empower the economy of the surrounding community. The approach of this research used qualitative study of the library by using scientific research of both articles, journals, as well as related agency data. This study aims to provide a synthesis of attempts to develop an alternative model of community economic empowerment through the integration of social finance and business run by Pesantren in East Java, with the goal of maximizing the independence and quality of Pesantren education, which contributes to the ummah's and nation's economic independence.

Optimizing Waqf Management for Demographic Bonus in Indonesia

Indonesia will in the demographic bonus which has a good and bad impact on economic development. Either impacts, Central Bureau of Statistics (BPS) of Indonesia launched that the latest data stated the amount of unemployed per February 2019 declined. The existence of productive waqf gives a great prospect to solve the negative impact of demographic bonus in Indonesia. Until now, the Indonesian government actives to promote a productive waqf as an instrument of economic welfare. Despite having a high potency, it still has many obstacles in its realization, likes low literary about productive waqf, human resources, etc.. both of them, demographic bonus and waqf can be synergized. Therefore, this study tries to explain the implementation of a government productive waqf in Indonesia. This paper finds a waqf linked Sukuk and micro waqf bank are the big potency can synergy with millennial in demographic bonus in Indonesia.

BANK WAKAF MIKRO SEBAGAI INSTRUMEN PENINGKATAN PRODUKTIVITAS USAHA MIKRO

Micro Waqf Bank (BWM) is a Sharia Microfinance Institution established by the OJK with the hope of reducing poverty levels in Indonesia. Bank Wakaf Mikro is present in the pesantren environment to provide financial access for the middle to lower class society in order to get access to capital without collateral and low yields. This paper is expected to provide new knowledge and insights regarding one of the Islamic economic instruments in the micro sector, namely the Micro Waqf Bank model. This paper was prepared through the method of library research using secondary data. From observations from various literatures, Micro Waqf Bank with access to capital is one alternative for improving the standard of living of micro-entrepreneurs to develop their businesses. The ease of the process, accompanied by training and mentoring, is believed to be able to encourage the independence of the middle and lower classes in running micro-businesses and boost productivity in the real sector. With the role of pesantren which has great potential to develop the surrounding area.Keywords : Micro Waqf Bank (BWM), Micro business, Real sector, Sharia Microfinance Institutions

Peran Perguruan Tinggi dalam Pemberdayaan Masyarakat Melalui Bank Mikro Waka

Waqf plays a very significant economic and social position in Islamic history. Waqf acts as a source of financing for worship, education, social and public services. Many developments in the Islamic economic sector or Islamic banking are related to waqf, not least in 2017 the Government together with the OJK initiated the existence of a Micro Waqf Bank as an effort to answer the problem of poverty, in collaboration with Islamic boarding schools in Indonesia. using primary and secondary data using descriptive qualitative analysis. The results of this research prove that the term Micro Waqf Bank was chosen because the government wants the core of the funds distributed to the community to be maintained in principle without reducing the benefits, not only that it is called Micro Waqf Bank because the BWM operation is located in a boarding school area. Throughout the development of this BWM, using the term micro waqf bank in naming the institution, but from the legal basis and the form of the legal entity it is very far from the name. The legal entity of BWM is a cooperative, on the other hand, the business license of BWM is a sharia microfinance agency, so its supervision is under the Financial Services Authority. The involvement of Universities in the context of community service for community empowerment is very strategic in order to carry out complete human development, and in the context of community empowerment and Micro Waqf Bank instruments have the potential for community economic development, especially in the pesantren environment, to create an empowered, independent and independent society

Implementation of Inclusive Finance in Empowering Micro, Small and Medium Enterprises (UMKM) at Micro Waqf Banks

<p><em>This study aimed to analyze the impact of the implementation of financial inclusion at Al-Fithrah Micro Waqf Bank regarding the empowerment of Empowering Micro, Small and Medium Enterprises (MSME). Even though MSME sectors have become a central foundation for the economy, the capital limitation is still considered a classic problem. It influences the government to release National Strategy Financial Inclusion to provide financial services that all levels of society can access. The indicators inclusive financial consists of access, usage and quality to realize empowerment through financing and assistance. This research used a descriptive qualitative method, and data were collected through interviews, observations, and documentation. The results showed that the financial inclusion component had been implemented but still has many potentials to be maximized. The components of access and usage have been appropriately implemented in terms of physical aspects and prices that are easily accessible to customers. These two components have an impact on increasing customer Islamic financial literacy. In the quality component, product variations are expected to fulfill the different business needs of customers. Meanwhile, financing has not significantly impacted fulfilling the welfare component’s capital needs because the nominal value is too small. Furthermore, business assistance has a more significant impact on improving the business and spiritual aspects</em><em> of clients</em><em>.</em></p><p align="left"> </p><p>Penelitian ini bertujuan untuk menganalisis dampak penerapan keuangan inklusif pada Bank Wakaf Mikro Al-Fithrah terhadap pemberdayaan UMKM di sekitarnya. Meskipun sektor UMKM telah menjadi fondasi yang cukup sentral bagi perekonomian, keterbatasan permodalan masih menjadi masalah klasik UMKM. Hal ini mendorong pemerintah untuk mengeluarkan Strategi Nasional Keuangan Inklusif yang bertujuan untuk memberikan layanan keuangan yang dapat diakses seluruh lapisan masyarakat. Indikator keuangan inklusif yang terdiri dari akses, penggunaan dan kualitas diterapkan untuk mewujudkan pemberdayaan UMKM melalui pembiayaan dan pendampingan. Penelitian ini menggunakan metode deskriptif kualitatif melalui pengumpulan data wawancara, observasi, dan dokumentasi. Hasil penelitian menunjukkan bahwa komponen keuangan inklusif telah diimplementasikan namun masih berpotensi untuk dimaksimalkan. Komponen akses dan penggunaan sudah terlaksana dengan baik dilihat dari segi fisik dan harga yang mudah dijangkau nasabah. Kedua komponen tersebut berdampak pada peningkatan literasi keuangan syariah nasabah. Pada komponen kualitas, variasi produk diharapkan dapat memenuhi kebutuhan modal nasabah yang berbeda. Sedangkan untuk komponen kesejahteraan, pembiayaan belum memberikan pengaruh signifikan untuk memenuhi kebutuhan permodalan karena nilai nominal yang terlalu kecil. Selain itu, program pendampingan usaha (HALMI) memiliki dampak yang lebih signifikan terhadap peningkatan usaha dan spiritual pelanggan.</p>

Peranan Bank Wakaf Mikro dalam Pemberdayaan Ekonomi Masyarakat di Purwokerto

This article aims to determine the role of the Micro Waqf Bank in the economic empowerment of the community in Purwokerto by optimizing the management of productive waqf. This type of research is qualitative descriptive with data collection techniques of interviews, observation, and documentation. Data analysis was carried out through synchronization between the research data and the theory that would support the conclusions of this study. The results of this study indicate that the role of community economic empowerment carried out by BWM Amanah Berkah Nusantara is through the provision of micro-business financing to poor people who have businesses or people who intend to have a business. The financing is given at a predetermined nominal according to the business priority scale and without the use of collateral. Communities who receive financial assistance are provided assistance in developing religious businesses and guidance, so that empowerment activities can have an economic and spiritual impact.