Analisis Strategi Penghimpunan Wakaf Saham di Indonesia

Abstract

Waqf is potentially because the number of Muslims reaches 87 percent of peoples in Indonesia. Share waqf also called stock waqf is one of the productive waqfs in the Islamic stock market but fundraising of share waqf is still low. Their problem is because publication and inclusion level about share waqf is not enough, besides share waqf begins emergence in Indonesia. This research tries to identify important factors and suitable strategies to share waqf’s fundraising in Indonesia. The research is field research which is used a qualitative approach, with an analysis method is the Analytic Network Process (ANP). The respondent of this research is divided into three categories which is, securities company, nazhir, and regulator.

Implementation of Corporate Waqf Core Principles in the Development of Waqf in Indonesia

“…Fourthly, another problem is the limited government support in budget allocation to facilitate waqf movement and administration services (Fauzia et al, 2016). Fifthly, the next problem is the lack of activities to educate and socialize the general public related to productive waqf (Hakim, 2020). A transformative breakthrough in productive waqf governance with a contemporary paradigm should address these issues.…”

Share Waqf: Economic Growth and Poverty Alleviation in Indonesia

“…Through the stock waqf instrument, it can encourage economic growth in Indonesia so that the existence of waqf objects in the form of money or goods delivered can encourage growth and reduce poverty through the Islamic share waqf (Yuliana & Hadi, 2019). The existence of stock waqf aims to encourage economic growth through the results of profit sharing or profit-sharing that is obtained every year, managed, and distributed to the community in the form of economic activities, health, education, and infrastructure advice (Hakim, 2021). At this time, the share waqf instrument is still not optimal in managing share waqf assets so the growth of share waqf is still running as usual and there has been no development (Purnomo & Khakim, 2019).…”

“…24 of 2004 concerning the management of movable and immovable waqf assets, they consist of Movable Assets (Money, Deposits, Sharia Shares, Sharia Mutual Funds, Sukuk, SBSN, and others), Immovable Assets (land, buildings, equipment, supplies, cars, motorbikes, and others) (Fuadi, 2018). Movable waqf assets can be used as objects of goods that benefit from the profits, sales, utilization, and management (Maulida & Purnomo, 2020) of which the proceeds are used and distributed to people in need with the aim of encouraging regional economic growth and reducing poverty (Hakim, 2021). the existence of waqf instruments to realize the welfare, empowerment, and economic growth of the people so that the existence of waqf instruments can be managed properly and correctly (Syaikhu et al, 2021).…”

“…There are two ways to manage stock waqf carried out by the manager as follows (Syaikhu et al, 2021): § Investors will buy shares and then they will be given to managers to get profit-sharing profits in the form of dividends or profits from the sale of shares. Share waqf can contribute to economic growth through Islamic capital market products (Hakim, 2021). § Investors will waqf the proceeds from dividend profits to the share waqf manager (Selasi & Muzayyanah, 2020).…”

“…Based on the background explanation above, this research describes the collection and distribution of share waqf funds managed by Nazhir through capital market products. Nazir's goal is to manage stock waqf funds properly and correctly to make a profit (Hakim, 2021). Profitsharing obtained from the distribution of dividends or sales profits will be channeled into economic activities, health, and education (Taliani et al, 2021).…”