Waqf Management Research Articles

The Urgency of Optimizing Productive Waqf in Pesantren to Foster the Halal Industry Development

Indonesia rates fourth out of the top 15 countries in the global Islamic economic indicator nomination for the State of the Global Islamic Economy Report 2022. As the country with the largest Muslim population in the world, Indonesia has the potential to develop its halal industry. Islamic financial instruments, such as waqf, are vital to the halal industry. Many countries, including Indonesia, have demonstrated the effectiveness of employing productive waqf in Pesantren to provide financial support for education. With 37,614 Pesantren in Indonesia, these institutions can stimulate local economies through productive waqf and business ventures that correlate with local geographies and emerging potential, such as using waqf for capital business or Pesantren business units. Therefore, the economic growth in Pesantren positively affects the halal industry. However, several obstacles impede the development of a productive waqf in Pesantren, resulting in suboptimal performance. This study examines strategies to optimize productive waqf implementation in Pesantren to support the halal industry and strengthen the economy. This library-based study employs a descriptive methodology to collect data on literacy, which is then subjected to content analysis or other forms of scientific analysis. This study identified strategies to overcome obstacles in waqf management to establish a productive waqf in Pesantren and positively influence the development of the halal industry in Indonesia.
 Keywords: productive Waqf, Pesantren, halal industry

Implementasi Good Coorporate Governance Terhadap Pengelolaan Wakaf Produktif Pada RSU Haji Medan

This article aims to determine the implementation of Good Corporate Governance in the Management of Productive Waqf at RSU Haji Medan, which is a productive waqf managed based on the principle of accountability. These findings show that RSU Haji Medan is a large company supervised by the waqf institution and has experienced significant progress, with a significant increase in the number of customers. The Supervisory Board established the concept of accountability for the Islamic Hospital in Medan City, requiring regular supervision based on reports from the RSI Director. Stakeholder confidence is expected to increase when endowments implement these ideas. Future external audit monitoring needs to be planned to increase public trust and accountability.

Revolutionizing Waqf Management: Harnessing the Fourth Industrial Revolution for Waqf 4.0 Transformation

The Fourth Industrial Revolution, marked by technological advancements, is set to greatly improve the operational effectiveness of businesses and organizations globally. These developments have the potential to significantly improve waqf administration, raising its execution to a superior level. However, the existing literature has not extensively examined the potential consequences of the Fourth Industrial Revolution on waqf instruments. This study utilizes qualitative document action research to examine recurring problems related to waqf instruments and provide remedies through digitization measures. The study employed Research Rabbit AI’s cutting-edge algorithms and snowball sampling approaches to identify 30 articles that address significant challenges related to waqf management. The study explores the potential application of Fourth Industrial Revolution methods to digitalize waqf management, specifically addressing these challenges. The primary challenges facing waqf instruments include inefficiencies in management, difficulties in operations, and the need to establish trust among stakeholders. This study seeks to fill the existing gaps in waqf research in the digital age by providing conceptual improvements to drive the subject ahead. The research’s significance is to assist waqf stakeholders in taking proactive measures to improve and update the application of waqf in modern contexts.

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.

Efektifitas Pengelolaan Wakaf (Studi Kecamatan Baktiya Barat Kabupaten Aceh Utara)

The implementation of regulations regarding the authority of waqf managers in Aceh, namely Baitul Mal, the Office of Religious Affairs (KUA) and the Indonesian Waqf Board (BWI), will certainly affect the effectiveness of waqf management, including West Baktiya District, North Aceh Regency. This research aims to determine the effectiveness of waqf waqf management in Baktiya Barat sub-district, North Aceh sub-district. This type of research is field research using qualitative descriptive methods. The results of the research show that the management of waqf by the KUA of West Baktiya sub-district with the implementation of waqf management by nadzir in every gampong in Baktiya Barat sub-district, the causes are (1) the KUA rarely goes to the gampong - (2) from the nadzir, the KUA still only receives limited reports that there is waqf land in the gampong, while there are no reports from nadzir regarding the management of waqf assets in West Baktiya District and frequent changes of nadzir before the term of office ends (3) problems related to waqf assets, including many waqf lands that do not have waqf pledge deeds and the sale and purchase deed, waqf land are revoked by the heirs.

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.

Bibliometric Analysis of 20-Year Development of Waqf Research in Indonesia Using VosViewer

This study aims to describe the 20 years of development of scientific publications in the field of waqf from 20004 to 2023, so that in the future it will provide the results of this research that have an impact on the search for the latest research topics. Therefore there are two identified topics that will be discussed in this study, the first is to find out the development of waqf publications in Indonesia in 2004-2023. secondly to find out the existence of scientific publications about waqf in Indonesia based on keywords and authors. From the results of the research, the first shows that there are 970 Google Scholar indexed articles using the Publish or Perish application. Writings published on Google Schooler were abundant in 2016-2017. There are 10 prolific authors during the 20 years of the development of scientific publications about waqf and have the most citations with a total of 253. Second, the existence of scientific publications about waqf in Indonesia is based on keywords, namely the keywords of waqf objects that have been published the most in 20 years. For this reason, through this research we can also find out the topic of waqf, this can make it easier for future writers to determine the theme according to the current novelty about waqf, starting from the potential and opportunities of waqf in the modern era, management of cash waqf, distribution of waqf and so.

Implementation of Syirkah Principles (Partnership) in the Establishment of a Waqf Asset Management Company

The waqf institution is one of the economic potentials in Islam which in its history has made a major contribution to the progress of human civilization, including improving economic welfare in society. Managing waqf in a trustworthy and professional manner is important to increase waqf assets and benefits. In this case, the nazhir plays an important role in managing waqf both independently and in collaboration with business entities. Partnerships can be entered into by nazhir with various parties including the Company. In Islamic Law, we recognize the concept of Syirkah (partnership) for business collaboration, including in the formation of companies. This research examines how syirkah as a concept of economic cooperation originates from Islamic law in nazhir partnerships managing waqf assets including the potential for forming waqf-based companies. The analysis method is a normative juridical, namely through a legal approach, both national law and Islamic law, which is supported by empirical data in the field related to companies that manage waqf. Through this article, it is hoped that we can provide an appropriate model for implementing the syirkah/partnership concept in waqf management, including the concept of forming a waqf-based company that can be offered to increase the professionalism of waqf management. Syirkah as the basic concept of company formation in Islam, can be integrated into the formation of a company to manage waqf assets. syirkah amlaak which comes from joint ownership assets that are donated and managed productively, then the results are distributed according to the purpose of the waqf pledge. Besides that, the principles of syirkah inan and syirkah mudharabah can also be applied, which are components of cash waqf that are used as business capital and the profits for the purpose of waqf. An interesting new paradigm for collaboration between waqf and companies includes the Corporate Social Responsibility (CSR) Program. Through the CSR Program, Waqf Management will synergize with company activities in a professional and sustainable manner.

Peran Wakaf Dan Zakat Dalam Meningkatkan Ekonomi Masyarakat Indonesia

Poverty and unemployment are currently complex and serious issues in Indonesia, with one of the primary causes being the unequal distribution of wealth in society. Islam presents a significant potential solution to address these problems through the utilization of zakat and waqf, two concepts deeply rooted in the principles of social justice and economic empowerment. This research aims to analyze the roles of zakat and waqf in improving the economic well-being of Indonesian society, exploring the potential for collecting zakat and waqf funds, and proposing productive waqf management models. The findings of the study reveal the pivotal roles that zakat and waqf play in reducing economic inequality. Zakat can be used to provide direct assistance to those in need and empower the community through small business capital and skills training. On the other hand, waqf has the potential to create long-term investments in economic development by utilizing waqf assets for productive projects that generate employment and income. Additionally, the research highlights the importance of productive and creative management of zakat and waqf funds, including strategic investments in waqf assets. Increasing public awareness of zakat and waqf and fostering collaboration with governmental institutions and communities are identified as key factors in maximizing the potential of zakat and waqf. Educational initiatives and fundraising models, such as conducting fundraising activities at various locations, are also described as crucial steps in achieving economic empowerment and poverty reduction through zakat and waqf. With the right approach, zakat and waqf have the potential to become powerful instruments in alleviating poverty and unemployment in Indonesia, leading to a more prosperous and economically equitable society.

Accountability and Transparency of Wakf in the Management of Social Funds and Empowerment of the People

As an instrument of Islamic philanthropy with a rich history, Waqf has great potential in improving the management of social funds and empowering the community. This research examines the crucial role of accountability and transparency in managing social funds and empowering the people through waqf institutions. The analysis focuses on how implementing these principles can strengthen the effectiveness of waqf fund management to achieve humanitarian goals and community empowerment.The research methodology includes a literature review and case study. The research results show that the use of relevant accounting standards, transparency in financial reporting, and strong accountability in waqf management institutions positively influence the management of social funds. Hopefully, this conclusion will provide further insight into optimizing the management of social funds through the principles of accountability and transparency in the realm of waqf.The author's suggestion for further research is to adopt a quantitative approach through interviews or questionnaires focusing on specific nazir entities. The research results will likely provide significant practical contributions to the Nazir entity by exploring in-depth case studies.

Meminimalkan Risiko dan Maksimalkan Keuntungan: Strategi Manajemen Risiko dalam Pengelolaan Wakaf Produktif

This research discusses risk management strategies for managing productive waqf with the aim of minimizing risks and maximizing profits. This research uses a literature analysis method by prioritizing descriptive and qualitative methods. The research results show that risk identification, evaluation, and control are key stages in productive waqf risk management. Risk control strategies such as investment diversification, the use of derivative financial instruments, and creating contingency plans have proven effective in managing risk. Continuous evaluation and monitoring are also important to ensure risk control strategies remain relevant and effective. In conclusion, risk management is a key element in maintaining the sustainability of productive waqf programs. By implementing appropriate risk management strategies, waqf managers can minimize potential losses and ensure that waqf assets remain productive and provide sustainable benefits to society.

Value Chain Model and Management of Waqf-Based Halal Tourism Development

The ability and professionalism of the waqf manager (nazhir) is one aspect that determines the success of waqf empowerment, which means it will be related to the process or value chain of waqf empowerment. One of the waqf empowerment capabilities in this study is aimed at the development of halal tourism. Therefore, the purpose of this research is to formulate a value chain model and manage waqf-based halal tourism development. The research method used is descriptive-qualitative, and the type of data needed is primary data obtained through interviews with halal tourism managers and visitors who come to the tourist attraction. Meanwhile, other data is obtained from relevant references related to the unit of analysis in this research discussion. Based on the information and data obtained, an analysis is carried out using the value chain model, followed by a description. The results show that nazhir has an important role in managing waqf assets. Therefore, in order to manage assets properly, a nazhir must have both managerial and entrepreneurial skills. From the value chain model, it is known that many aspects determine the success of halal tourism management, including the role of the government, investors, or business people, as well as individuals or communities that have contributed to building waqf-based halal tourism. The results of this study recommend that nazhir plays an important role in the value chain of halal tourism development and is one of the main keys to the success of waqf-based halal tourism management, so the ability and professionalism of nazir must continue to be built.

Transformation Of The Role Of Technology In The Collection And Distribution Of Social Funds

Digitalization of zakat and waqf is an innovation that has great potential to encourage the empowerment of the people. Through literature analysis and case studies, this research explores the role of zakat and waqf in Islam, the development of their digitalization in Indonesia, and how this innovation helps in the process of empowering the Ummah. This study aims to examine the transformation of the role of technology in the collection and distribution of social funds, especially related to the digitalization of zakat and waqf in Indonesia. The formulation of this research problem is focused on how digital technology has changed the way zakat and waqf are collected and distributed, as well as its impact on the effectiveness and efficiency of this process. The method used is descriptive analysis, where data and information are collected through relevant literature studies, as well as observations of the implementation and current practices of digitalizing zakat and waqf in Indonesia. Although there are challenges, such as the need to increase digital literacy and transparency, digitalization can be an essential force in maximizing the distribution and effectiveness of zakat and waqf. Solutions and steps that can be taken to overcome these challenges are also discussed. Therefore, collaboration between the government, financial institutions and zakat and waqf management organizations is essential in realizing the full potential of this digitalization.

Management and Development of Productive Waqf for Islamic Boarding Schools in Kampar Regency

This research aims to explore the management and development of productive waqf and its strategies in Islamic boarding schools in Kampar Regency, Riau Province. Waqf is an integral part of the dynamics of Islamic boarding schools. This study is a field research conducted using a qualitative descriptive approach. Data collection with observation, interviews, and Focus Group Discussion. The data were analyzed using the Qualitative Data Analysis approach with NVivo 12 Plus software. In managing its waqf assets, the Foundation relies on strengthening the organizational system by improving the quality of the nazhir, management of administrative tasks and waqf asset inventory, as well as organizational management. The Waqf Foundation of Al-Ihsan Riau manages waqf through money and cash waqf and develops productive waqf by establishing business units, including Ahsanta Mart, Ahsanta Cafe, Ahsanta Agro, IBS Business Center, Sharia microfinance, and LPG gas stations. To maintain the existence of waqf assets and the sustainability of their benefits, the foundation uses the following strategies: first, building transparency and accountability. Second, optimizing waqf through money is an instrument for accelerating infrastructure and facility development. Third, optimizing cash waqf as an instrument for business development and the independence of the Islamic boarding school. Fourth, optimizing zakat and donation programs for scholarships and human resource development. Fifth, building a waqf ecosystem and partnerships with economic protection policies. The foundation’s assets are charitable waqf aimed at implementing religious education based on Islamic boarding school principles. The benefits of waqf include organizing education based on Islamic boarding schools as the main core competence. This includes nurturing more than 30 mosques and prayer rooms around the Islamic boarding school, providing scholarships to 289 students, collaborating with preachers, utilizing waqf infrastructure for various religious, social, and community activities, providing healthcare services to the Islamic boarding school, and empowering the economy through partnerships and consignment patterns with the surrounding community.

Strategy For Increasing Financial Accountability In Wakaf Management In Islamic Religious Organizations In North Sumatera

Accountability is a process by which an institution holds itself responsible for what it does. Accountability is not solely related to financial reporting and programs made, but also related to public legitimacy. This study aims to determine the priority of problems and solutions as well as to offer appropriate strategies for increasing financial accountability in Islamic Religious organizations in North Sumatra. This type of research uses the Analytic Network Process (ANP) method approach and the help of Super Decision software. The number of respondents in this study amounted to 11 people consisting of three academics, four regulators, and four practitioners. The results showed that according to the respondents, the priority of financial accountability issues was that financial transparency was still low, the second priority was that Nazir had not been able to prepare reports according to standards and the third priority was that the use of reporting information systems was still low. The priority solution is training in preparing financial reports for Nazir, the second priority solution is an audit and the third priority is supervision of the implementation of information systems. According to all respondents, the strategic priority is synergy between regulators, Nazirs, and mass organizations. Furthermore, the second priority is the waqf management training strategy for Nazirs. The last priority is the strategy for making a waqf development master plan.

Beyond Management Challenges: A Demise of a Cash Waqf Foundation

This study investigates how management challenges have caused the demise of the Ahlussunnah Wal-Jamaah Waqf Foundation (ASWAJWF) in Ghana using human resource theory and the behavioral theory of leadership. Interviews were conducted with 24 participants who were directly involved in the collection of cash waqf and the management of ASWAJWF in ten of the 16 regions of Ghana. The findings attributed ASWAJWF’s demise to leaders’ misunderstanding of waqf as a typical sadaqah, lack of investment initiatives to sustain the fund due to managerial incompetence, and failure to consult and heed voluntary expert advice. This is the first study to examine Ghana's waqf management challenges. It is also the first waqf study to use theories of demise to explain how management challenges caused a waqf institution to ‘die’. Its exploratory nature ignites and invites other researchers to examine the reasons for the demise/closure of cash waqf institutions, thus serving as a reference for researchers. Finally, we expect this study to draw the attention of cash waqf stakeholders, including policymakers, to the need to provide effective management and governance frameworks/tools to revive cash waqf and to safeguard the interests of donors, beneficiaries, and the public at large.

Legal Study of Dzurri Waqf and its Implementation towards Strengthening High Heritage Assets in Minangkabau, West Sumatra, Indonesia

One concept of preserving family assets can be carried out through the practice of dzurri waqf. In Minangkabau, preservation of family assets is carried out in the form of high inheritance management. This article aims to discuss the legal concept of dzurri waqf and its implementation in high inheritance management in Minangkabau, West Sumatra. The findings of this study are very specific because the Minangkabau culture adheres to on one side, a matrilineal system but on the other hand, is based on the Islamic law. The data in this study were obtained through in-depth interviews with four experts, i.e., the expert council of MUI West Sumatra, the Chair of the West Sumatra Indonesian Waqf Board, the Chair of West Sumatra Nazir, and the expert council of the Lembaga Kerapatan Adat Alam Minangkabau (LKAAM) West Sumatra. This study found that first, the concept of dzurri waqf is identical to the management of high heirloom assets in Minangkabau. It is proven by some asset management that is almost the same as dzurri waqf, i.e., the element of property must be retained in principal and from the element of beneficiaries (mauquf alaih) who are family members. Second, there is a strategy to maintain high pusako treasures through religion, namely by managing high pusako treasures, such as dzurri waqf management so that the identity of high pusako treasures as culture can survive and be managed sustainably. Third, in order to maintain the identity of the high pusako treasure, the nazir in the context of dzurri waqf is appointed from the niniak mamak component as the holder of the power of the high pusako treasure.

Optimalization Of Waqf Management In Indonesia

This research is aimed at maximizing public trust in nazhir, through efforts to optimize waqf management. This research takes a qualitative approach, with data obtained through literature studies collected from various scientific articles, journals and other publications that discuss relevant topics. Data analysis was carried out by utilizing SWOT analysis, to find strengths, weaknesses, opportunities and threats in the implementation of waqf management in Indonesia. The research results show that its strength is because the majority of Indonesia's population is Muslim, so its application can be more realistic. Meanwhile, the weaknesses are due to the low level of nazhir transparency, unprofessional waqf management, as well as promotional and development activities of waqf that is not yet optimal. This waqf management has the opportunity to launch a cash waqf type. However, what needs to be paid attention to are threats in the form of a lack of public understanding of the implementation of waqf, the emergence of the danger of waqf nazhir, and various social investments. The researchers formulated several strategies that were considered effective for overcoming waqf management problems, such as through implementing improvements to waqf management, maximizing marketing and promotional activities, and improving nazhir certification.

Strategy of BMT Bima Magelang in Improving Public Welfare Thought Cash Waqf

Cash waqf is one of the methods used to help people with various activities and overcome challenges such as poverty reduction. As a result, it is vital to have an institution that can handle cash waqf effectively and optimally. BMT Bima Magelang is one of the cash waqf institutions that can correctly manage its cash waqf assets in order to increase social welfare. The goal of this study was to determine excellent and proper cash waqf administration in line with Sharia and the standards of good waqf governance, in order to increase social welfare, particularly in Baitul Maal Wa Tamwil Bima Magelang. Because BMT Bima Magelang is one of the waqf institutions that has been successful in managing cash waqf with effective waqf governance in order to increase social welfare. This study employs qualitative research, with data gathered through structured interviews, passive participation observation, and recording. After that, the data was examined using qualitative descriptive analysis. The qualitative descriptive research approach describes the features of phenomena in the field and explains the study object. The findings of this study show that Baitul Maal Wa Tamwil Bima Magelang uses waqf management with the mudhorobah system, with mudhorobah financing allocated to goat farmers and Micro, Small and Medium Enterprises (MSMEs), and that in the management of cash waqf BMT Bima Magelang implements good waqf governance, which improves social welfare through social programs. Profits from the finance are then utilized to fund businesses and make loans. The revenues from the mudhorobah finance are then utilized for financing (scholarships) for BMT members, financing for child circumcision, and rehabilitation of locals' houses that are unsuited for habitation. These several factors indicate that BMT Bima Magelang's cash waqf management is in conformity with cash standardization, good waqf governance, and sharia management.

THE URGENCE OF MONEY WAKF IN IMPROVING THE COMMUNITY'S ECONOMY

The aim of this research is to describe the role of cash waqf in improving the community's economy and the country's economic growth. The method used is by literature research with a content analysis approach. The research results show that the management/cash waqf management system found is still inadequate, thus hampering the realization of cash waqf by the community. However, if cash waqf is collected, it will become a new instrument for the government to boost the economy, especially in the post-pandemic period. The managerial implication is that there is a need to educate the public about the function of cash waqf and train nazir to be able to manage waqf using technology. The realization of appropriate waqf funds will ultimately increase the level of wakif trust in transparent and accountable waqf management.