<p>This study aimed to analyze the role of waqf as an economic instrument for Islamic development. This was motivated by unresolved poverty conditions. That poor people still experience difficulties in meeting their primary needs. On the other hand, endowments as Islamic economic instruments have excellent potential in developing the economy and providing benefits to the community. This study uses qualitative methods by reviewing kinds of literature in obtaining waqf models in several countries and their success. The results show that endowments have potential in economic development. Some countries show their success in managing waqf and providing benefits to the community. The results of this study also show that Indonesia has a very good waqf potential and is able to be a solution to the problem of poverty.</p><p>Artikel ini mencoba untuk menganalisis bagaimana peran wakaf sebagai intrumen ekonomi pembangunan Islam. Hal tersebut dilatarbelakangi oleh kondisi kemiskinan yang belum terselesaikan. Bahwa penduduk miskin masih mengalami kesulitan dalam memenuhi kebutuhan primernya. Di sisi lain, wakaf sebagai intrumen ekonomi Islam memiliki potensi yang sangat baik dalam pengembangan perekonomian dan memberikan manfaat bagi masyarakat. Penelitian ini menggunakan metode kualitatif dengan mengkaji beberapa sumber dalam mendapatkan model wakaf di beberapa negara dan keberhasilannya. Hasil penelitian menunjukkan bahwa wakaf memiliki potensi dalam pembangunan ekonomi. Beberapa negara menunjukkan keberhasilannya dalam mengelola wakaf dan memberikan manfaat bagi masyarakat. Hasil dari penelitian ini juga menunjukkan bahwa Indonesia memiliki potensi wakaf yang sangat baik dan mampu menjadi solusi dari masalah kemiskinan.</p>

The outbreak of the Covid-19 pandemic has resulted in many large companies experiencing the impact of this virus, including Islamic Financial Institutions (LKS). To see the defence of the LKS during the Covid-19 period, it can be seen from the liquidity capacity of the bank. The purpose of this study to determine the quality of the liquidity of Islamic banks during the Covid-19 pandemic which threatens economic integrity. The research method is descriptive statistics of the condition of Islamic Bank liquidity during the Covid-19 pandemic from Desember 2019 to August 2020. The object of this research is Mandiri Syariah Bank (BSM). The results of the study show at the end of the Quarter-II (Januari-April 2020) the Quick ratio reached a fairly low value, namely 75.43%, while the Financing to Assets Ratio reached a fairly large value, namely 67.04% and the Liquid Assets to Total Ratio reached a large enough value, namely 27.13%. A fairly loose liquidity ratio explains that even in the Covid-19 pandemic, Islamic banks are still in a liquid condition and can fulfill short-term obligations to depositors.

This paper aims to analyze the potential of the Baitul Maal wat Tamwil (BMT) strategy to empower the lower-middle-class people and analyze the recommended strategy for making economic empowerment through more effective and efficient Islamic microfinance. This research uses the in-depth interview method and SWOT analysis as further analysis. The results indicated that BMT has great potential, especially in human resources development and a clear market share to empower the lower classes of society. However, it is necessary to have an appropriate economic empowerment model following the conditions of the lower classes of society and the need for government roles to support the existence of an Islamic microfinance institution in the form of Baitul Maal wat Tamwiil (BMT). Several economic empowerment strategies have been implemented by Baitul Maal wat Tamwil (BMT). This study adds the existing literature related to Islamic microfinance's role to have the suitable model that efficiently and effectively empowers the poor Indonesian society, especially those who live in Yogyakarta.

The development of Sharia Banking in Indonesia has increased quite well, both from Assets, Third Party Funds (DPK), and Distributed Financing (PYD). Developments are caused by joint efforts to develop Islamic Banking in Indonesia. This can be seen from the commitment of the Indonesian Ulema Council (MUI) in guarding from the side of the availability of fatwa. One example of his fatwa is the DSN-MUI Fatwa NO: 101 / DSN-MUI / X / 2016 Tentang 101-Akad Al-Ijarah Al-Maushufah Fi Al-Dzimmah. But in practice, the contract used in Islamic Banking is still dominated by murabahah contracts. So the researcher feels it is important to examine how the role and implementation of the contract in products and services in Islamic banking. The researcher also discussed how the fiqh study of muamalah was about the al-Ijarah al-Maushufah Fi al-Dzimmah contract.

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