Waqf Management Research Articles

Optimalisasi Pengelolaan Wakaf Uang oleh Lembaga Keuangan Syariah – Pengelola Wakaf Uang di Indonesia

Islamic financial institutions that manage cash waqf are expected to be able to manage these assets in order to provide benefits in the form of welfare to the people. This study aims to analyze the management of waqf money made by Islamic financial institutions that earn mandate from the Ministry of Religion as the manager of cash waqf in Indonesia to date. This qualitative descriptive research was written based on on the literacy study. The conclusion of the research is that Islamic financial institutions – cash waqf managers need to optimize the management of cash waqf to developed in the form of Islamic banking products that are more welfare to society

The Role of Sharia Banks as Nazhir Partners in the Management of CWLS Retail SWR001 Investment Products

Islamic social finance, one of which waqf should have a position and role that can synergize to contribute economically, considering Indonesia has the largest Muslim population in the world. The issue that the potential waqf assets of 2000 trillion with about 51,155.57 ha of waqf land that exists today has not been a productive asset that serves as a source of income in developing the people's economy. While the potential of cash waqf that reaches Rp 180 trillion (BWI) but collected around 391 billion. Therefore, needs the innovation of social finance-based investment scheme with the support of professionalization in its management (in this case nadzir board), one of which is LKS-PWU, especially Sharia Banking. Through State Sukuk instruments in the form of CWLS retail SWR001 products, the government and BWI involve Sharia Banking as Nazhir partners and distribution partners. This study aims to explain the role of sharia banking as nazhir partners in the management of Cash Waqf Linked Sukuk (CWLS) retail SWR001 investment products in the perspective of the basic principles of waqf. This research was conducted by qualitative research method, Library Research approach. Validity of data with source triangulation. The data analysis technique in this study is to use discourse analysis. The results showed that Policy, management and technical processes conducted by Sharia Banking in the management of CWLS Retail SWR001 both in terms of nazhir criteria, the process of collecting and distributing waqf funds is compatibility with the provisions of the Basic Principles of Waqf (PPW) at points 13, 15 and 17 in order to realize good governance for nazhir(Good Nazhir Governance). Keywords: Islamic Bank, Cash Waqf, CWLS Retail SWR001, Waqf Core Priciples (WCP), Good Nazhir Governance

Model Kelembagaan Nazhir Dalam Pengelolaan Wakaf Produktif Di Indonesia

This study aims to identify the factors inhibiting the management of productive waqf in Indonesia and the strategic priorities that can be offered with the Analytic Network Process (ANP) approach. Respondents consist of the Indonesian Waqf Board (BWI), academics and practitioners who are involved in the world of productive waqf. The results of this study indicate that the problems that arise in the management of productive waqf in Indonesia consist of 4 important aspects, namely: 1) human resource problems; 2) information and technology issues; 3) sharia issues and 4) regulatory issues. The strategic priorities for developing productive waqf are 1) strengthening information systems and waqf technology; 2) aspects of strengthening governance (good Nazhir governance), 3) aspects of the formation of educational institutions, socialization and education of waqf, 4) aspects of regulatory support from the Government. The results of this study can complement the management of existing productive waqf, the application of strategic priorities can encourage better collection and distribution of productive 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.

Nazhir's Professionalism in the Management of Cash Waqf and Community Economic Empowerment

This research examines Nadzir's professionalism in managing cash waqf, to map the quality of waqf institutions in the management of cash waqf in transparency and accountability in accountability to stakeholders and Allah SWT. This research uses qualitative methods through observation, interviews, and document review. The results obtained show that several Nadzir waqf, such as the Pesantren Islam Al-Azhar Foundation, the Dompet Dhafa Foundation, the Daaruttauhid Foundation, and the Semai Sinergi Ummat Foundation (Waqf Pro99), have demonstrated the management of cash waqf in a professional, transparent and accountable manner. The financial management system uses the zakat accounting standard PSAK 109. The results of an independent public accountant audit show an unqualified opinion (SWO). On average, 90% of the business results are used by social activities and community empowerment through the Wakaf Integrated Farming (WIF) program, which is focused on the field of sheep farming using the mudhorobah system. Theoretically, this research contributes to the scientific development of Islamic Institutional Management at the Faculty of Da'wah, and can be used as a reference for Nadzir waqf in managing cash waqf and waqf assets in general.

Description of money Waqf Program Management in Indonesia

This study aims to discuss the description of cash waqf management in Indonesia, from regulations to concepts and strategies for developing cash waqf in Indonesia. This type of research uses a qualitative descriptive method using literature study data. The result of this research is that the implementation of regulations on cash waqf management institutions has been stated in Law number 41 of 2004, part 10, article 28 and Government Regulation (PP) Number 25 of 2018 and Regulation of the Indonesian Waqf Board (BWI) Number 20 of 2020. As for the concepts and strategies that must be carried out by nadzir waqf money, it is regulated that they must pay attention to 2 aspects. First, the security aspect, the second aspect of usability. Problems in managing cash waqf include the large number of nadzir cash waqf which is not transparent and accountability. The finding of cash waqf so that the potential and realization of cash waqf in Indonesia is still not as expected

The Nadzir’s Role in Waqf Empowerment for General Welfare (Case Study in the Nadzir of Universitas Islam Malang Foundation)

The purpose of this research is to find out the role of the nadzir in developing waqf assets for general welfare. The management of productive waqf for general welfare that conducted by The Nadzir of Univesitas Islam Malang Foundation. The Nadzir of Universitas Islam Malang Foundation received 2 bilion Rupiahs funds from Kementerian Agama that acted as the waqif. The waqf fund are from Anggaran Belanja dan Pendapatan Negara Perubahan with purpose as the pilot program of productive waqf fund management. In order to run the role, The Nadzir of Universitas Islam Malang Foundation is stick with the sharia law and UU No. 41 Tahun 2004. The role of Universitas Islam Malang’s nadzir is suitable with the duties and roles that listed on UU No 41 Tahun 2004. The duties and roles are first, accepting and administrating the waqf asset. Second, managing and developing waqf asset through build VIP Rooms, Al-Khaibar Minimarket and Go Fish Restaurant. Third, keep the waqf asset through pledging the waqf asset to Bank Muamalat and fourth, reporting the waqf asset management to Kementerian Agama as waqif.

The Determinants of Waqf Sustainability in Malaysia: A PLS-SEM Analysis

Over the years, Waqf institutions has played an important role in addressing range of socio-economic development of ummah in the world. Waqf has been growing with time and there are increasing expectation surroundings the role of Waqf institutions. Nevertheless, lately the performance of Waqf institutions in Malaysia have cope with issues of inefficiency. According to the literature, inefficiency of Waqf performance is associated with internal factor which is Waqf management. Due to the matter, researchers agreed that Waqf institutions is in need of a holistic Waqf management reform to solve the arise issues. Following the issue, this study investigates the effect of efficient Waqf management determinants on the sustainability of Waqf institutions for long term growth in Malaysia. This study used a quantitative research methodology and a selected sample of 99 respondents in Waqf institutions were analyzed. The results were examined using partial least squares-structured equation modelling (PLS-SEM). This study empirically reveals that the determinants of efficient Waqf management positively influence the sustainability of Waqf institutions for long term growth. The result of this study will enhance the understanding of existing conceptual literature on the important of comprehensive Waqf management determinants in influencing the sustainability of Waqf institutions in Malaysia.

Peran Wakaf Tunai terhadap Peningkatan Kesejahteraan dan Kemaslahatan Masyarakat:

The development of waqf management from land and building waqf has a cash waqf that can be a welfare value for Muslims in the management of their assets, especially in the waqf institution in charge of managing waqf or nadzir in order to be more competent in handling cash waqf issues. The purpose of this study was to determine the role of cash waqf in improving the welfare and welfare of the community. The research method used is qualitative descriptive and observation, interview and documentation data collection techniques. The results of this study indicate that the role of cash waqf in improving welfare has been held by KSPPS Khaeru Umah, this is obtained because with the benefits of cash waqf called Productive Loans generate profits or profits in business or business. From the indicators of maqashid al-shari'ah that are used there are five aspects including the assets (al-Maal) which serve as a benchmark for the well-being of al-mauquf alaih, in addition it is accompanied by an increase in religious aspects (ad-Din) which are considered to have the most important strength in among other aspects of maqashid al-shari'ah. In terms of improvement can be said to increase for the welfare of al-mauquf alayhi. In the analysis before and after receiving benefits from Productive Loans al-mauquf alaih in terms of business or business did not experience good development, but after the receipt of protab al-mauquf alaih get additional capital from the business so that it can be managed well and even develop to the results or its profit can increase significantly, this can be said that with the role of cash waqf called the Productive Loan program that has been held by the Kaeru Ummah KSPPS it has a pretty good influence or impact on al-mauquf alaih.

Peran Wakaf Tunai terhadap Peningkatan Kesejahteraan dan Kemaslahatan Masyarakat:

The development of waqf management from land and building waqf has a cash waqf that can be a welfare value for Muslims in the management of their assets, especially in the waqf institution in charge of managing waqf or nadzir in order to be more competent in handling cash waqf issues. The purpose of this study was to determine the role of cash waqf in improving the welfare and welfare of the community. The research method used is qualitative descriptive and observation, interview and documentation data collection techniques. The results of this study indicate that the role of cash waqf in improving welfare has been held by KSPPS Khaeru Umah, this is obtained because with the benefits of cash waqf called Productive Loans generate profits or profits in business or business. From the indicators of maqashid al-shari'ah that are used there are five aspects including the assets (al-Maal) which serve as a benchmark for the well-being of al-mauquf alaih, in addition it is accompanied by an increase in religious aspects (ad-Din) which are considered to have the most important strength in among other aspects of maqashid al-shari'ah. In terms of improvement can be said to increase for the welfare of al-mauquf alayhi. In the analysis before and after receiving benefits from Productive Loans al-mauquf alaih in terms of business or business did not experience good development, but after the receipt of protab al-mauquf alaih get additional capital from the business so that it can be managed well and even develop to the results or its profit can increase significantly, this can be said that with the role of cash waqf called the Productive Loan program that has been held by the Kaeru Ummah KSPPS it has a pretty good influence or impact on al-mauquf alaih.

Strategi Pengelolaan Wakaf Uang oleh Badan Wakaf Indonesia (BWI)

Abstract: The Indonesian Waqf Board (BWI) is a national nazhir which was established with a vision and mission to advance the system of representation in Indonesia. BWI has important responsibilities in empowering waqf assets, including cash waqf. Cash waqf is one of the products of business character representation and can be an alternative to produce other waqf assets. To achieve these objectives, the management sector becomes the main sector to generate profits on a sustainable basis. Therefore, the purpose of this study is to identify internal factors (strengths and weaknesses) and external factors (opportunities and threats) that influence them based on the business model canvas. Data processing and techniques use the Analytic Network Process (ANP) with a SWOT network structure to obtain priority strategies that can be applied. From these results, five alternative strategies were obtained with the highest priority is increasing nazhir professionalism in terms of entrepreneurial waqf management.
 Keywords: ANP, business canvas model, cash waqf, strategy, SWOT.

Implementasi Wakaf Produktif Masjid Roudhotul Muchlisin Jember Perspektif KHI dan UU No. 41 Tahun 2004


 
 
 
 The implementation of productive waqf for the Roudhotul Muchlisin Mosque, Kaliwates District, Jember Regency is a very important thing to do, because the mosque, which was built on this waqf land, is now a new religious tourism icon in Jember Regency. With typical Middle Eastern architecture and in recent years, it has experienced significant developments in the physical construction of mosques, public facilities, and a food corner. This research uses a qualitative approach with descriptive research type. The research data were collected using three techniques, namely: observation, in-depth interviews, and documentation. The management of the mosque's waqf uses the idarah system which means governance in regulating and managing the mosque. As for what is regulated in the Idarah system, among others: management, finance, and administration or secretarial. The implementation of productive waqf for the Roudhotul Muchlisin Mosque is following the Compilation of Islamic Law and Law Number 41 of 2004 concerning Waqf. Because it has developed TPQ Education, the establishment and development of a food corner to empower the economy of the people. The takmir of the Roudhotul Muchlisin Mosque, Kaliwates Subdistrict, Jember Regency, also plans to build a health clinic that aims to make the congregation's and the surrounding community's access to health easier and more beneficial for the people.
 
 
 

Waqf as Alternative Financing Resource for Infrastructure Development in Indonesia: Analytical Hierarchy Process Approach

The productive Waqf can be utilized for developing infrastructure in Indonesia as this country has incredible waqf potential. However, the utilization of waqf assets has not been specified for infrastructure development, which has many benefits (maslahah) for Indonesia. This study aims to determine the main problem in utilizing Waqf for infrastructure development in Indonesia from regulatory dimension, management dimension, program dimension, and literacy dimension. The data analysis technique used in this study is Analytical Hierarchy Process (AHP). This study has five experts to deliver their perspective regarding problems and solutions for infrastructure development using productive Waqf in Indonesia. The study results indicate that the severe problem in utilizing productive Waqf for infrastructure in Indonesia based on experts' agreement is the Lack of professional waqf (nazhir) management in managing waqf assets. With increasing the professionalism of nazhir in the management of productive Waqf, the waqf assets are expected to grow gradually that can be used to develop and improve infrastructure in Indonesia. Lastly, the excellent management of Waqf will be able to attract the Muslim community's intention to donate.

Implementasi Wakaf Sebagai Polis Asuransi Syari’ah Melalui IPLAN (Insurance Protection Linked Auto Navigation) Syari’ah Generali Sidoarjo

Waqf is one of the instruments that must be empowered productively and to the maximum extent possible, one of which is the insurance policy waqf imposed by the MUI DSN in October 2016 which is expected to help the government in its efforts to alleviate poverty and prosper the people. With that PT.Asuransi Jiwa Generali Indonesia formed an institution, namely the Indonesian Waqf Movement (GWI) to expand the network and knowledge of the public regarding sharia insurance policy waqf products through outreach and training to the public. The purpose of this study is to describe (1) the strategy of implementing waqf as an insurance policy through IPLAN Syari'ah Generali, (2) supporting and inhibiting factors in managing waqf as an insurance policy through IPLAN Syari'ah Generali, (3) developing strategies for waqf as an insurance policy. through IPLAN Syari'ah Generali. This research method uses a qualitative approach method. Data collection techniques with observation, interviews and documentation. Data analysis techniques in this study include (1) data reduction (2) data presentation (3) conclusions. The results of the research are as follows: (1) management of productive waqf with cash waqf through insurance waqf products (2) when the policyholder dies 45% of the funds will be donated and the rest is given to the heirs (3) first, supporting factors, establishing the Indonesian Waqf Movement institution to help promote waqf in Indonesia by inviting and socializing the community for waqf. Second, the inhibiting factor, namely the lack of public understanding of cash waqf. (4) the waqf funds from the policy holder will be donated to the waqf management institution which will be developed professionally, namely the Dhuafa Wallet Institute.

Implementation Of Risk Management In Management Of Waqf Assets

The understanding and empowerment of waqf property among Muslims has undergone significant changes. From time to time, the understanding of productive waqf is increasingly developing and comprehensive which aims to develop the economy, for the social benefit of the community. Therefore, Muslims have found a new economic face that emerged from waqf, namely by establishing foundations or economic development institutions oriented to community service. This shows how important it is to empower productive waqf assets to improve the people's economy. The wider understanding and empowerment of waqf assets is very important, especially if it is associated with the concept of developing productive waqf in improving the people's economy. The procedure used to collect data in this study is in the form of documentation, namely guidelines used in the form of notes or quotes, legal literature searches, books and others related to the identification of problems in this study both offline and online. Analysis of legal materials is carried out using the content analysis method (centent analysis method) which is carried out by describing the material of legal events or legal products in detail in order to facilitate interpretation in the discussion. In fact, most of the currently established social institutions are funded by waqf and are engaged in productive waqf management in order to provide guidance and protection to the community, such as orphanages, child protection institutions, educational institutions, health institutions, distribution of clean water throughout the world. city and various other social activities. The role of waqf managers is also getting wider, not only maintaining and doing routine things, but also looking for new innovations in order to develop and empower these waqf assets. For this reason, there needs to be improvement efforts aimed at fixing waqf management and eliminating the causes of the deterioration of waqf management due to nazhir's actions and negligence, through the application of risk management.

Sharia Cooperatives' Productive Waqf Management Model Through Financial Technology Services in Bandung City Area to Promote The People's Economy

Waqf continues to develop as a pillar of people's economic power, from the conventional land waqf concept of social and educational facilities to the modern enough stage, now known as cash waqf money, cash waqf linked sukuk (CWLS) and fintech linked to the waqf fundraising process. The aim of this study is to provide an understanding of the legal status of waqf producers, through the use of fintech applications in the context of Law No. 41 of 2004 on Waqf and Law No. 11 of 2008 on Electronic Information and Transactions, and through a processing methodology to find an economic empowerment model for people with productive waqf assets. The study uses a methodology which refers to qualitative legal research. Research findings concluded that Fintech apps are not properly regulated by Waqf of the ITE Law, but are still permitted to be used in the management of cash waqf as long as they are not in breach of the law in force. In the management of waqf, Nazhir shall be liable and may be prosecuted in the event of a loss of waqf properties due to its negligence. Sharía Cooperatives registered as cash waqf nazhir and in cooperation with Bandung City Fintech companies are owned by BMT ITQAN only where they are financed by itqanmobile and involve the Fintceh platform kitawakaf.com with the help of the House Financing Assembly empowerment program for BMT member SMEs with waqf funds and the waqf management models

An Analysis towards the Sustainability and Management of Waqf’s Properties in Malaysia with References to Johor

In Malaysia, waqf properties are held and put under the Department of Waqf, Zakat and Hajj (JAWHAR) at the federal level and under the State’s Islamic Religious Council (SIRC) of respective states for the state level. However, all these properties need a lot of funds to manage them, and issues arose on sustainability and management of these waqf properties. The research found no guidelines identified explicitly in any investigation or findings on the appropriate guideline to solve this issue. Therefore, this research seeks to determine the actual problems and the legal and procedural constraints relating to the management and sustainability of waqf properties, especially in Johor, that has never been available before. Hence, using qualitative research method, which include content analysis and interviews during field studies; this research aims to produce a comprehensive solution and possible sources of funding for the effective management and sustainability of waqf properties in Johor. It is determined that the issue of the insufficient fund, lack of proper planning by waqf Mutawalli, unregistered waqf land under SIRC, and outdated data are among the problems that become impediments to waqf development. Therefore, Mutawalli carried a big responsibility to ensure that the waqf properties shall be developed according to the classes agreed and affirmed by the donor (waqif), leading to positive consequences to Malaysia's economic growth, especially in Johor.

Pengaruh Media Informasi Digital terhadap Keputusan Wakif dalam Melakukan Wakaf Uang (Studi pada Wakif di KSPPS BMT Mandiri Sejahtera Cabang Desa Kranji Kecamatan Paciran Kabupaten Lamongan)

KSPPS BMT Mandiri Sejahtera is a non-bank financial institution engaged in two financial fields, namely the baitul mall sector and the tamwil sector and has several branches including the Kranji Branch, Paciran District, Lamongan Regency. In the field of baitul malls, BMT Mandiri Sejahtera collects zakat, infaq, shodaqoh and waqf funds. Waqf managed by BMT Mandiri Sejahtera, namely immovable property and movable property including cash waqf. So that researchers analyze how the collection and management of cash waqf and also how a waqif decides to endow money. The method used in this study is a mixed method research method. Data collection techniques in this study used questionnaires, interviews, observation and documentation. The sample in this study was 38 respondents who were taken randomly from the number of cash waqifs at KSPPS BMT Mandiri Sejahtera. The data analysis technique used is validity test, reliability test, simple regression test and T test. The results of this study are research with qualitative methods indicating that the collection of cash waqf is collected with vouchers worth Rp. 10,000-. and collected through various elements, namely employees, members who carry out financing, members who receive SHU, apprentices or street vendors and also from the general public. According to researchers, this strategy of collection is very effective with a relatively small nominal so that many people want to donate money but there are things that seem coercive from the collection of cash waqf such as apprentices or street vendors are required to buy and also sell the money vouchers. Meanwhile, from its management, cash waqf is invested in two forms, namely invested in financing and also invested in Islamic banking. This is in accordance with the rules regarding cash waqf, Nazhir is tasked with investing cash waqf according to sharia with one condition: the nominal value of the money invested must not be reduced. The results of this study are research using quantitative methods showing that digital information media influences waqif decisions in conducting cash waqf. These results are obtained based on the answers from 38 respondents and also the results of the test which show that the t count is 2.241 while the t table is 1.688. So it is obtained that T_count (2.241) > T_table (1.688) thus Ho is rejected and Ha is accepted, which means that the information media influences the waqif's decision in conducting cash waqf at KSPPS BMT Mandiri Sejahtera, Kranji Branch, Paciran District, Lamongan Regency.

Legalization of Waqf Forests in Indonesia: The Registration Process

Waqf (Islamic endowment) is considered one of the alternative solutions to environmental problems in Indonesia. One of the examples is through the establishment of a waqf forest, a conservation initiative in the form of developing forests on waqf land. The development of waqf forests needs to pay attention to the legal side in accordance with the laws and regulations of Indonesia. Previous studies discussed the process of legalizing waqf land in Indonesia, but research about the legalization of waqf forest land is still scarce. This study aims to determine the process of legalizing waqf forests on the basis of Indonesian laws and regulations. On the basis of the results of literature studies and expert interviews that were analyzed descriptively, the process of legalizing waqf forest is one of the main tasks of a nazir (waqf manager). The process involves at least three government agencies: the Ministry of Religion, the Ministry of Agrarian Affairs and Spatial Planning (National Land Agency), and the Ministry of Environment and Forestry. The waqf forest legalization process begins with making a waqf pledge deed at the local Office of Religious Affairs, followed by creating a waqf land certificate at the local Land Offices. A crucial step is to clarify that the represented land must be located outside the forest area through a statement from the Ministry of Environment and Forestry. The legalization of waqf forests will guarantee the sustainability of the forest because this process makes waqf forest legal under Islamic law and the law of the Republic of Indonesia.

MANAGEMENT OF PRODUCTIVE WAQF FOR EMPOWERMENT OF THE UMMAH

Research under the title of productive Waqf management strategy in order to empower students in the boarding school of Al-Fath Sukoharjo to be more aware of how productive waqf is being used for the empowerment of students, so that the management can be known. This type of research is included in qualitative research that comes from interviews and data observation. The source of this research data consist of primary data sources, researchers directly conduct interviews to the parties concerned in the management of productive Waqf in the boarding school Tahfidzul Qur'an Al-Fath Sukoharjo, researchers also use secondary data sources such as books, articles and other reference materials. The results explained that in the effort of students Empowerment, Pondok Pesantren Al-Fath Sukoharjo maximizes various ways for the management of productive waqf can continue to grow and its benefits can be perceived by the students.