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Purpose This study aims to develop cash waqf models for Baitul Maal wat Tamwil (BMT), a special Islamic microfinance institution in Indonesia, combining Islamic social finance in Baitul Maal (house of wealth) division and Islamic commercial finance in Baitut Tamwil (house of asset development) division, as integrated Islamic social and commercial microfinance in Indonesia, to achieve triple bottom-line, including outreach, sustainability and welfare impact. Design/methodology/approach This study uses Delphi and analytic network process methods, with three groups of relevant respondents, including experts (academic), BMT practitioners and regulators. Findings The results show that the best cash waqf model for BMT is “BMT as Nazir (waqf manager) and also as cash waqf receiver Lembaga Keuangan Syariah Penerima Wakaf Uang (LKSPWU)”, followed by “BMT Association as representative Nazir of several certified BMTs”. Moreover, “long-term investment deposit” is the best to account cash waqf in the BMT balance sheet. With regard to financing, the most preferred one is “financing to regular Micro and Small Enterprises” of BMT members. Research limitations/implications Having allowed BMT to be Nazir (waqf manager), this research might only benefit Indonesian policymakers, such as the Financial Services Authority and the Ministry of Cooperatives, BMTs and the National Waqf Board. But it may also benefit other countries which have similar characteristics. Practical implications BMTs could adopt several alternatives of best models in managing cash waqf most appropriate for their specific conditions. Social implications The management of cash waqf by BMT could help the social activities of the Baitul Maal through social cash waqf and, indirectly, by productive cash waqf. Originality/value Studies have been limited, and to the best of the authors’ knowledge, there is no specific study discussing the integrated cash waqf model, cash waqf account and cash waqf investment appropriate for BMT.

This study aims to examine the role of zakat, infaq and shodaqoh in alleviating poverty in Indonesia for the period 2015-2017. The methodology of this study uses a qualitative approach and the BNDI index is formulated to measure the shortcomings and effectiveness of zakat, infaq and shodaqoh in alleviating poverty. The results obtained from BNDI calculations have been able to explain the effectiveness of zakat, infaq and shodaqoh in alleviating poverty in Indonesia. The calculation results that show large value or close to the value of 1 explains that zakat, infaq, shodaqoh distributed by the BAZNAS Center are not effective in reducing poverty in Indonesia. In the results of this study, there are several provinces with the highest BNDI and the lowest BNDI. This study is expected to be used for policymakers to increase the effectiveness of zakat, infaq, and shodaqoh in alleviating poverty.Keywords: Indonesia, Zakat, Infaq, Shodaqoh, Poverty, Basic Needs Deficiency Index (BNDI).

This study aims to determine whether there are differences in the benefits obtained by micro-entrepreneurs between before obtaining financing capital from a Bank Wakaf Mikro and after obtaining financing capital from a Micro Waqf Bank. The approach used is a quantitative approach using analytical techniques t-paired test and using SPSS 20. The data used is primary data from questionnaires distributed to customers of Bank Wakaf Mikro. The results of this study indicate that the provision of capital carried out by Bank Wakaf Mikro has been effective in increasing the profits of the business of Bank Wakaf Mikro customers so that the welfare of the customers also increases thanks to the financial assistance provided. In addition, the role of guidance provided by the Bank Wakaf Mikro also plays a role in improving customer performance in carrying out its business.Keywords: Bank Wakaf Mikro, Business Capital, Micro Business, Empowerment, Profit