Indonesian Waqf Research Articles

Productive Waqf: The Power Of Sustainability

This article discusses a new paradigm on waqf management in a way that is different from the classical approach applied by the muslim community decades ago. Nowadays, the demand for a more productive waqf management is increasing due to the society’s needs for a more sustainable financial security. This article is a the result of a literature review that focuses on the descriptive analysis of the diversification and management of waqf in Indonesia. The purpose of this article is to provide an explanation on how the waqf diversification and management in Indonesia can and should provide better financial security to the people who are qualified for waqf.

WAQAF UANG DIGITAL: TRANFORMASI DAN IMPLEMENTASI DI INDONESIA

Cash waqf in Indonesia has enormous potential if it can be developed properly. In addition, because in recent years technology and the phenomenon of digitalization have developed very rapidly, this is a reason to accelerate the transformation of cash waqf to become digital-based. This journal was created with the aim of exploring the transformation of the development and implementation of digital cash waqf in Indonesia. The research was carried out in the literature with secondary data techniques. So it can be seen that the development and transformation of digital cash waqf began in 2012, namely when the DSN-MUI issued a fatwa regarding cash waqf. So that since then cash waqf began to bloom in the community and widely known. Technology and the phenomenon of digitalization are the reasons for accelerating the transformation of cash waqf, which we can now pay anywhere and anytime. In recent years, various institutions have started competing to create digital-based cash waqf. The implementation of digital money waqf on several platforms or waqf institutions takes advantage of technological advances and the internet. So that they provide the convenience of waqf such as through social media, websites, or even in the form of applications. In addition, the wakif can also choose the waqf program and payment method he wants. This is expected to facilitate waqf in waqf so that in the next time it can attract the interest of the wider community to waqf and can increase and grow rapidly.

DETERMINANTS OF INTENTION TO DONATE ON SHARE WAQF: THE CASE OF MUSLIM WORKERS IN JAKARTA

This research aims to analyze the factors influencing the intention to donate shares waqf of Indonesian Muslim employees, using an extended theory of planned behavior and adding knowledge of share waqf, trust in nazhir, and religiosity as the variables. This research is expected to enrich the literature regarding the intention to donate shares waqf and can be used to increase the collection of shares waqf in the future. This study uses a quantitative method to see the factors that affect the intention to donate shares among Muslim employees. The data obtained through online surveys of Muslim employees in Jakarta will be analyzed using SEM-PLS. The findings of this study indicate that four variables: attitude, perceived behavior control, trust, and religiosity, have no positive influence on people's intentions to donate shares waqf. While two other variables, subjective norm, and knowledge, can be proved to positively influence the intention to donate shares waqf. Because waqif characteristics and behaviors are important, this research can be used to create a more effective campaign framework for waqf, which is expected to increase people's intention to donate on share waqf. This research is expected to contribute to at least three elements of waqf: knowing factors of the intention to donate on share waqf, improving people's knowledge of share waqf, and increasing the potentiality to grow share waqf in Indonesia.

STRATEGI OPTIMALISASI DANA WAKAF: PEMERATAAN DANA WAKAF SELAMA PANDEMI

<p><em>This study aims to provide suggestions and strategies based on theoretical concepts and the latest phenomena that occur in order to optimize the distribution of waqf funds in the Covid-19 pandemic era to internal and external parties in the sustainability of waqf in Indonesia. This study uses a qualitative approach to the study of literature by using books and literature as research objects. The results of this study was found in 19 scientific journals consisting of the topic Exi</em><em>s</em><em>tin</em><em>g</em><em> Conditions of Waqf Management in Indonesia which focus on data on the potential of waqf, Waqf Literacy as an Effort to Optimize the Role of Waqf, Optimization of Waqf in the Health Sector, Optimization of Waqf in the Microeconomic Sector, and Optimization of Waqf in the Social Sector. The entire research paper ids devided into five discussion topics, each of which produces suggestions and strategies for three sectors, namely the government, nadzhir waqf, and further research.</em></p>

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.

Generasi Muda dan Tingkat Literasi Wakaf Uang

Waqf is a type of philanthropy in Islam. The potential of waqf in Indonesia is very large. The great potential is still not in accordance with the realization of waqf collection. One of the causes is the low level of literacy related to waqf, especially cash waqf. This study analyzes the literacy level of cash waqf among the younger generation. This study uses quantitative methods, with a sample of the younger generation. The results of this study indicate that the level of cash waqf lireasi in the younger generation is still low. Therefore, it is necessary to make efforts to increase the literacy of cash waqf among the younger generation.

Tinjauan Wakaf Saham Hak Atas Kekayaan Intelektual dalam Perspektif Hukum Islam

This study aims to determine and understand the law of stock waqf in the perspective of Islamic law, the problems that the researcher raises in this thesis are; First, how is the implementation of IPR share waqf in Indonesia. Second, how is waqf of IPR shares in the perspective of Islamic law. This research uses descriptive qualitative research (non-statistical), using library research method (library review) and using normative and juridical normative approaches. The research results found are as follows; First, the implementation of IPR Shares Waqf in Indonesia is different from the waqf of immovable assets in the form of land or buildings because it must fulfill the eternal aspects and the form of shares that cannot be used directly. There are two models of stock waqf launched by the Indonesia Stock Exchange (IDX). The first is waqf which is sourced from the profits of IPR stock investors and the second is waqf which makes IPR shares the object of waqf. The application of waqf is carried out by the wakif to nadzir in the presence of the Waqf Pledge Deed Official (PPAIW) witnessed by 2 (two) witnesses and stated orally and or in writing which is the will of the wakif and stated in the waqf pledge deed by PPAIW. Second, the Islamic legal perspective on waqf of intellectual property rights if it refers to the Hanafi, Syafi'i and Hanbali schools, then IPR shares cannot be waqf because they do not have a material form. However, if you take the opinion of the Maliki School, then IPR shares can be waqf, because the Maliki School states that the object of waqf does not have to be a material object (tangible) but can also be an immaterial object (intangible). And if you look at the legislation and the decisions of the Indonesian Ulema Council (MUI) then IPR shares can be waqf, considering the value and benefits are not small.

Optimizing the Potential for Cash Waqf in Indonesia

This study aimed to examine the Government’s strategy to optimize the performance of cash waqf through its Cash Waqf Linked Sukuk (CWLS) Retail policy. There is a large potential for cash waqf in Indonesia; however, when the Government issued the CWLS Retail instrument, the results were not optimal, so there is still a fairly high gap between the potential and realization of cash waqf. This was descriptive qualitative research. Data collection was done through interviews, a literature search, and document review. The results of the study showed that, firstly, the Government needs to regulate related issues including waqf that is sent directly from institutions to the Government, standardization of reporting from Nazir to stakeholders, Nazir appointment mechanisms, CWLS Retail taxation aspects, and cash waqf from abroad in the form of non-rupiah. Second, the use of offline and online platforms should be optimized to reach all levels of society. Third, a tenor of two or three years can be used according to conditions; a wakala contract can be used; the nominal issuance needs a lower number to accommodate wakif beginners and lower-middle-income classes; and social projects can use proposals from Nazir and joint projects. Finally, the Government can use more effective marketing strategies by targeting segmented investors, allowing longer offering times and diversifying the media used.
 Keywords: cash waqf linked sukuk, sovereign sukuk, philanthropy

Kedudukan Ruislagh Dalam Investasi Tanah Wakaf Perspektif Maqasid Syari’ah

Wakqf is part of the teachings of Islam which aims to realize the general welfare. Seeing the reality on the ground, sometimes the waqf property is not in accordance with the purpose of the waqf, even ironically the waqf property is neglected. Seeing this phenomenon as Nadzir who is mandated to manage waqf assets, he must provide concrete and maslahah solutions. Not a few ruislagh become the final solution for waqf assets that no longer provide benefits. This study aims to describe the position of ruislagh in waqf land investment with a maqasid sharia perspective. The concentration of this research discusses the legal basis of ruislagh from the perspective of maqasid sharia and the position of ruislagh as a form of innovation in legal reform in the field of waqf. This study uses a normative method with a normative juridical approach. The results obtained: First, the legal basis of waqf in Indonesia refers to maqasid sharia. The two ruislaghs, apart from being legal, are also a way of renewing waqf management for the benefit of the people.

ANALISIS WAKAF UANG DAN IMPLEMENTASINYA DI INDONESIA

Cash waqf has become a new trend in waqf recently. Cash waqf itself can be done by anyone without a minimum limit on the amount of money in waqf right. This study aims to determine the concept, as well as views on cash waqf in Indonesia. The method used is descriptive analysis with a qualitative approach. The data in this study were obtained from secondary data sourced from journal articles, books, and other data. The results of this study indicate that cash waqf is currently a trend in society for waqf. The convenience and many choices provided by waqf institutions make it attractive and easier for waqifs who want to be waqf. According to the majority of scholars, cash waqf itself is permissible according to Islam. The implications of cash waqf can be expected as a new breakthrough for waqif who want waqf easily, then cash waqf itself is expected to overcome poverty and encourage the economy in Indonesia.

Analisis Faktor-Faktor yang Mempengaruhi Sikap dan Keputusan Wakif dalam Berwakaf Produktif di Indonesia (Studi Kasus di Dompet Dhuafa)

This study aims to analyze internal factors (religiosity, knowledge, education, income) and external factors (regulations, sharia compliance, institutional credibility, institutional accountability) that influence wakif attitudes and decisions in productive waqf in Indonesia, a case study in Dompet Dhuafa Republika. In addition, it also aims to describe the characteristics of Wakif respondents. The method used to process the data is Structural Equation Modeling (SEM)-PLS version 3.0. Data was obtained by distributing online questionnaires to Wakif Dompet Dhuafa Republika. The results showed that the character of the respondents in this study was dominated by male respondents, with an age range of 20-50 years, had an undergraduate education background (S1/S2/S3), dominated by private employees, and the average income was in the range of Rp. 3 million to Rp. 6 million. This study also shows that income has a positive and significant effect on the attitude of waqf for waqf and the credibility of the institution also has a positive and significant effect on the decision of waqf for productive waqf. Thus it can be concluded that the increase in the collection of productive waqf funds is significantly influenced by the income and credibility of the institution.

Penerapan Instrumen Cash Waqf Linked Sukuk (CWLS) Berdasarkan Prinsip Maslahah Pada BSI

Cash Waqf Linked Sukuk (CWLS) is a sukuk investment instrument published by the state called retail SBSN. CWLS is published as one of the efforts by the Government to develop a productive waqf in Indonesia. The innovation in this project by BI, Finance Ministry, Ministry of State-Owned Enterprises, and BWI. The objective of the sukuk based waqf development is to increase its oprational value by getting various parties involved. Cash Waqf is a sharia financial sector that needs to developed for social welfare in Indonesia. The method used in this article is a descriptive field research.

PEMBUATAN AKTA IKRAR WAKAF DI KECAMATAN RASAU JAYA (TINJAUAN REGULATIF DAN IMPLEMENTATIF)

The regulation of waqf in Indonesia has shown very good development, following the enactment of Law No. 41 of 2004 concerning Waqf. However, problems arise in the implementation phase. This is shown by the number of waqf lands that have not registered the Waqf Pledge Deed to the Waqf Pledge Deed Maker Official (PPAIW) at the Office of Religious Affairs. Based on observations made by researchers in Rasau Jaya District, it is known that there are still many mosques whose land has not been registered with the Office of Religious Affairs. By using the juridical-empirical research method, the author questions more about the arrangement of the waqf pledge deed in Indonesia, as well as its implementation at the author's research locus, namely the Rasau Jaya sub-district. The conclusion that the problem arises is due to several reasons, including: unclear registration information, unsystematic flow and time of manufacture, lack of public awareness of the importance of the Waqf Pledge Deed, and the lack of socialization of waqf law carried out by the KUA of Rasau Jaya District.

Designing simple productive waqf models for Indonesia

PurposeProductive waqf is one type of ethical business/investment, which should comply to Islamic law, with so many models to choose from. The purpose of this study is to determine factors of simple productive waqf, propose several simple productive waqf models and select the best simple productive waqf models appropriate to be adopted by waqf institution in Indonesia.Design/methodology/approachThis study applies the analytic network process, including field survey, focused group discussion and in-depth interview, with two groups of respondents, namely, expert and waqf practitioner.FindingsThe results show that the determinants of simple productive waqf in Indonesia are the waqf institution, productive waqf asset to be developed, how to finance the productive waqf, how to manage the productive waqf and the compliance of productive waqf. Proposed productive waqf models include cash-waqf and self-managed model, Islamic bank financing and self-managed model, Sukuk and external partnership model, cash-waqf and external partnership and cash-waqf + co-financing and external partnership. Moreover, the best simple productive waqf model is cash-waqf and self-managed model, followed by cash-waqf and external partnership, where they could achieve the most in all socio-economic variables, well-being compliance and moral/ethics within the theory of unity of knowledge, Tawhid.Research limitations/implicationsThe simple productive waqf models proposed are not exhaustive, since there are so many variations of the model. Moreover, the case and respondents are all Indonesian, so that the results are possibly only applicable to Indonesia.Practical implicationsTo increase the probability of successful productive waqf development, waqf institutions could apply cash-waqf and self-managed model first, while other models could be applied in staged in line with waqf institution experience.Social implicationsThe successful development of productive waqf could increase the social programs provided by waqf institutions to the society.Originality/valueProductive waqf development is desperately needed due to many unproductive waqf lands in Indonesia, while studies have been limited, and there is no study discussing the productive waqf model appropriate for Indonesia.

Cash Waqf Linked Sukuk (CWLS) Dalam Kajian Fatwa DSN MUI Di Indonesia

Cash waqf or it also called by Cash Waqf Linked Sukuk (CWLS) is one of the alternative of taking poverty that has implemented in some islamic nations. Cash waqf has opened the unique opportunity for creating an investment religious field, education and sosial attendance. According to the calculation of BWI, the potential of Cash Waqf in Indonesia has achieved at least 180 billions in a year. This study is a research of normative law (doctrinal), which is used library research and juridical normative approach. This research could be concluded that Cahs Waqf Linked Sukuk (CWLS) becomes an alternative way in repairing economy field in Indonesia. In explaining instructions of DSN MUI, the rules of CWLS is written or decided in the instructions of DSN-MUI No. 131/X/2019 about Waqf Sukuk and the instructions of DSN-MUI No. 137/XI/2020 about Sukuk.

Regulasi Perwakafan Di Indonesia Dalam Perspektif Statute Approach

The potential of waqf in Indonesia, if managed properly, can be the most appropriate instrument to solve social problems, especially in dealing with poverty. Waqf regulation in Indonesia has experienced a long dynamic, starting from pre-independence, post-independence until now. This paper aims to explain waqf regulations in Indonesia from the perspective of the statute approach. This study is included in the category of library research with primary sources in the form of laws and government regulations relating to waqf, while secondary sources in the form of journals, books and others related to the theme of discussion. The data obtained were described and then analyzed. This paper finds that: 1) The emergence of various waqf regulations after Indonesia's independence is full of regulations that are able to balance between Islamic and positive laws that apply in Indonesia. 2) Regulation of waqf in Indonesia started from Law Number 5 of 1960 concerning Agrarian Principles, Presidential Instruction of the Republic of Indonesia Number 1 of 1991 concerning KHI, Law Number 41 of 2004, then Government Regulation Number 42 of 2006. 3) Law Number 41 of 2004, is a new breakthrough in the waqf management system in Indonesia to become productive waqf.

Management of Waqf Land at Jami Islahuddin Mosque Districts Manggala Makassar City

The pattern of waqf property management in Indonesia still tends to be in the management traditional pattern. Waqf in Indonesia still has narrowed of its meaning and purpose, the mosques and prayer rooms that were built have not been able to act as a center for driving community activities, and are only used as places of worship. In the city of Makassar, Jami Islahuddin Mosque is one of the Mosque that has been built on waqf land. Therefore, it is deemed necessary to conduct a study of how the management of waqf assets at the Jami Islahuddin mosque. This study uses a qualitative method with field research to describe the existing facts related to the management of waqf land at the Jami Islahuddin Mosque. The data collection technique used is through literature review, observation, interviews and documentation. The results of the study are: The management of the Jami Islahuddin Mosque Waqf Land has been carried out productively. This can be seen from the mosque which is not only used as a place of worship but is also used as an Al-Qur'an Education Center (TPA), Baitul Maal Wa Tamwil (BMT), and the Mosque Business Entity (BUM) Jami Islahuddin Mosque.

PERLINDUNGAN HUKUM TERKAIT EKPRESI BUDAYA TRADISIONAL “LAGU TRADISIONAL ACEH” DALAM BINGKAI HAK CIPTA

Traditional Cultural Expression is an intellectual work that needs to be protected. Traditional Cultural Expression is rooted in three words: tradition, culture, and expression. The meaning of "expression", expresses a clear goal, idea or feeling. In this paper, the author raises an example of a traditional cultural expression, namely the cultural expression of traditional Acehnese songs owned by the local Acehnese people. Songs such as "Bungong Jempa", are a small example of the traditional wealth of the Acehnese people that should be preserved and protected by the government. The purpose of this study is to find out how is the protection related to traditional cultural expressions in Indonesia? And has the method of recording/inventorying traditional cultural expressions in Indonesia provided maximum protection for the cultural expressions of traditional Acehnese songs? The benefit of this research is that it is hoped that it can provide benefits for the development of legal knowledge in Indonesia and can provide insight or information to the public, especially regarding the object of copyright as one of the productive waqf in Indonesia.

PERLINDUNGAN HUKUM TERKAIT EKPRESI BUDAYA TRADISIONAL “LAGU TRADISIONAL ACEH” DALAM BINGKAI HAK CIPTA

Traditional Cultural Expression is an intellectual work that needs to be protected. Traditional Cultural Expression is rooted in three words: tradition, culture, and expression. The meaning of "expression", expresses a clear goal, idea or feeling. In this paper, the author raises an example of a traditional cultural expression, namely the cultural expression of traditional Acehnese songs owned by the local Acehnese people. Songs such as "Bungong Jempa", are a small example of the traditional wealth of the Acehnese people that should be preserved and protected by the government. The purpose of this study is to find out how is the protection related to traditional cultural expressions in Indonesia? And has the method of recording/inventorying traditional cultural expressions in Indonesia provided maximum protection for the cultural expressions of traditional Acehnese songs? The benefit of this research is that it is hoped that it can provide benefits for the development of legal knowledge in Indonesia and can provide insight or information to the public, especially regarding the object of copyright as one of the productive waqf in Indonesia.

Factors Influencing the Success of Retail Cash Waqf Linked Ṣukūk (CWLS) Issuance: A Lesson from Indonesia

In October 2020, the Indonesian government launched a Waqf-linked Islamic certificate called Cash Waqf Linked Ṣukūk (CWLS) that targeted retail investors. The CWLS SWR001 series for individuals is presented as a commitment by the government to support the national waqf movement and foster the development of social investment and productive waqf in Indonesia.