Cash Waqf: Economic Solution during the Covid-19 Pandemic

Nurjannah, Nurjannah; Abdullah, M. Wahyuddin

doi:10.24952/fitrah.v6i2.3058

Cited by 7 publications

(6 citation statements)

References 18 publications

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“…Waqf land has a long history in Islamic law and has played an important role in providing for the needs of communities through the ages. In modern times, waqf land is still used in many countries with significant Muslim populations as a means of providing for public goods and services in a sharia-compliant manner (Nurjannah & Abdullah, 2020).…”

Section: Abstrakmentioning

confidence: 99%

Juridical Consequences and Legal Protection for Unregistered Waqf Land

Islamy,

Ariputri,

Soegijanto

et al. 2023

J Legal, Brief, Legal Brief

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This study aims to investigate the legal implications of unregistered waqf land and the protection available to it. The research adopts a descriptive and normative legal research approach to analyze the legal framework surrounding waqf in Indonesia. The findings show that the government has enacted laws and regulations, such as Law no. 5 of 1960, Government Regulation No. 28 of 1977 concerning Waqf of Owned Land, and Law Number 41 of 2004 concerning Waqf, to ensure that waqf assets are legally protected and registered. According to positive law, the waqf pledge deed is considered an authentic deed that can be used as evidence in resolving future disputes regarding waqf land. The involvement of witnesses in the waqf pledge process is essential to guarantee the protection of waqf land. Despite the existing regulations, there are still unregistered waqf lands that need legal protection. The research reveals that legal protection for unregistered waqf land is available in Indonesia. However, the absence of registration and certification for waqf land creates uncertainty and makes it vulnerable to misuse by parties who are not responsible for the legal nature and purpose of waqf. Therefore, it is important to continue promoting the registration of waqf assets to ensure their legal protection and prevent any future disputes. The implications of this research contribute to the ongoing discussions on waqf land registration and provide a basis for further research in this field.

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Section: Abstrakmentioning

confidence: 99%

Juridical Consequences and Legal Protection for Unregistered Waqf Land

Islamy,

Ariputri,

Soegijanto

et al. 2023

J Legal, Brief, Legal Brief

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“…Wakaf di tengah pandemi covid-19 dapat digunakan untuk bantuan modal kerja, renovasi rumah sakit, pendirian puskesmas dan tambahan bantuan permodalan bagi mereka yang terdampak (Nurjannah and Abdullah 2020). Wakaf tunai ini juga merupakan suatu alternatif yang diharapkan dapat mengatasi permasalahan kemiskinan di tengah masyarakat (bagi mereka yang terdampak covid-19), melalui partisipasi aktif dari pihak non pemerintah (masyarakat), khususnya golongan kaya dan memiliki kemauan untuk membantu masyarakat miskin sebagai sesama manusia (Hafizah 2021).…”

Section: Sumber: (Siwak 2021)unclassified

“…Selanjutnya apabila dilihat dari kontribusinya di sektor keuangan, wakaf tunai yang dikelola secara profesional akan memberikan pengaruh yang positif terhadap pengembangan lembaga keuangan Islam, pasalnya sistem bagi hasil yang digunakan oleh lembaga keuangan syariah akan mencegah ketidakmampuan ekonomi karena suku bunga yang tinggi (Nurjannah and Abdullah 2020).…”

Section: Sumber: (Siwak 2021)unclassified

Pendayagunaan Wakaf di Tengah Pandemi Covid-19 Dalam Perspektif Maqashid Al-Syariah

et al. 2021

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The use of waqf instruments to overcome social and economic problems should also provide opportunities for handling the Covid-19 pandemic that is currently hitting the world. Handling a pandemic requires clear and strategic objectives, as stated in the maqashid sharia concept. This paper aims to analyze the use of waqf in the midst of the Covid-19 pandemic and its suitability with the perspective of maqashid sharia. The method used in this research is a qualitative method with an analysis-descriptive approach from a literature study. The results showed that in Indonesia, the use of waqf to overcome the problem of the Covid-19 pandemic is still not optimal, but waqf has great potential in providing hospitals and other health facilities. In the perspective of maqashid sharia, the utilization of waqf is also in accordance with the description of three concepts of needs according to As-Syatibi, namely dharuriyah, hajiyah, and tahsiniyah.

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“…Those pieces of evidence enhance the facts that cash waqf fails to meet the stakeholders' expectation (Utomo et al, 2020) In addition, according to Iman et al (2021) that attitudes of wakif's, subjective norms, and values of religiosity were able to influence waqf behavior in making decisions to do cash waqf. In fact, according to Nurjannah and Abdullah (2020), cash waqf instruments can be a solution for the economy during the Covid-19 pandemic. Even the Cash Waqf Linked Sukuk Model under salam issued by the Central Bank of Bahrain using ba'i salam contract is categorized as green sukuk model (Yunita, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Cash Waqf Linked Sukuk: Issues, Challenges and Future Direction in Indonesia

Yasin

2021

JEBIS

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Cash Waqf Linked Sukuk (CWLS) is the first innovation sukuk-based modern waqf fundraising development issued by the Indonesian government in 2020. People who prefer to channel their social funds in zakat, infaq, and shodaqah make CWLS less desirable. This paper evaluates the issues, challenges and future direction from the issuance of the CWLS series SWR001 by the Indonesian government. This study used systematic literature review analysis and used Publish or Perish software with Google Scholar as the database. A total of 48 articles published from 2016 to 2021 were selected. Object of this research is the SWR001 series. Systematic data analysis is used to define relevant themes within the topic.The dominance of individual waqf (99.6%) shows that even though SWR001 was offered during the Covid-19 pandemic, it is still in demand by investors (wakif). Even so, less than optimal sales results make nadzir having to re-evaluate the implementation of social programs that had been planned before. Issues and challenges in the development of CWLS products include relatively new products, limited distribution partners and nadzir, low coupons, lack of public understanding, contracts, and incomplete literacy causing the potential wakif not to be maximized. In the future, to increase the CWLS collection, stakeholders is need to ensure the information and mobilization through word-of mouth with the objective to create a positive word of CWLS. Improving communication strategies, ease of service and professionalism nadzir to be very important to do.

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Cash Waqf: Economic Solution during the Covid-19 Pandemic

Cited by 7 publications

References 18 publications

Juridical Consequences and Legal Protection for Unregistered Waqf Land

Juridical Consequences and Legal Protection for Unregistered Waqf Land

Pendayagunaan Wakaf di Tengah Pandemi Covid-19 Dalam Perspektif Maqashid Al-Syariah

Cash Waqf Linked Sukuk: Issues, Challenges and Future Direction in Indonesia

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