Cash Waqf for Developing Islamic Economy: Case Study in Indonesia

Rusydiana, Aam Slamet; Hidayat, Yayat; Widiastuti, Tika; Rahayu, Solihah Sari

doi:10.26740/al-uqud.v5n1.p43-59

Cited by 22 publications

(20 citation statements)

References 29 publications

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“…The government will provide economic support for developing four leading sectors, such as the Islamic social finance sector and the Islamic MSME sector. The market opportunity in Indonesia is currently also getting more significant with the number of 180 million Muslim people who will need halal food, halal tourism, sharia hotels, and other halal products, which will be an extensive marketplace or business opportunity to be seized (Rusydiana et al, 2020).…”

Section: Opportunities and Potentials Of Islamic Social Finance In In...mentioning

confidence: 99%

Islamic social finance in Indonesia: Opportunities, challenges, and its role in empowering society

Adinugraha

Shulhoni

Achmad

2023

RISFE

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Purpose – This study identifies and analyzes Islamic social finance's potential, opportunities, challenges, roles, and impacts in empowering people in Indonesia.Methodology – This research used descriptive and explorative qualitative methods with a systematic literature review. This study used data analysis techniques and content analysis. Findings – This research shows enormous potential for Islamic social finance in Indonesia. Indonesia’s opportunity as a country that has the largest Muslim population in the world and has a large market potential for Islamic social finance. Challenges in developing Islamic social finance, namely the low support for Islamic social finance, the absence of Islamic banks that have maximum assets, the lack of qualified Islamic economic, human resources in the field of Islamic social finance, and the low capacity of research and development of Islamic social finance. Islamic social finance is oriented toward social welfare. This is concrete evidence of its strategic role in community empowerment and poverty alleviation in Indonesia. Islamic social finance is proven to be the main instrument that has a central role in sustainable poverty alleviation that impacts the benefit of all society. Implications – Islamic social finance should integrate with other Islamic philanthropic institutions domestically and globally to expand its impact in empowering people in Indonesia.Originality – This highly structured and in-depth literature review examines and describes the potential, opportunities, challenges, roles, and impacts of Islamic social finance.

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Section: Opportunities and Potentials Of Islamic Social Finance In In...mentioning

confidence: 99%

Islamic social finance in Indonesia: Opportunities, challenges, and its role in empowering society

Adinugraha

Shulhoni

Achmad

2023

RISFE

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“…Improving the quality of educational institutions can be carried out if there is a joint commitment from all parties, both policymakers as well as academics and practitioners to support and encourage development efforts. (Rusydiana et al, 2020). Among the other strengths of the results of the SWOT analysis namely improving the quality of graduates, and developing technology and facilities, higher education reform must incorporate many changes, including effective budget planning, skilled workforce, internationalization, infrastructure improvement and expansion, study curriculum reform, and the latest training (Fahim et al, 2021;Khalid et al, 2020).…”

Section: Determinants Of Success In Mts Baitul Hikmah Jembermentioning

confidence: 99%

Strengths, Weaknesses, Opportunities, And Threats (SWOT) Analysis In Islamic Educational Institutions

Halim

Ismail

Buchori

et al. 2023

jetl

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The problem of education is not a new problem in the world of education in Indonesia. Based on the problem of education is also faced by Islamic educational institutions. This attention cannot be separated from the historical roots of Islamic educational institutions that gave rise to madrasas and schools. In line with the demands of the times, Islamic educational institutions also developed. The problems that arise are both in the form of internal and external factors. Internal factors, for example, are related to the curriculum, educators, education participants and others, while external factors are social factors (society), government and related parties. In terms of measuring the level of success, strengths and weaknesses in strategic management, a SWOT analysis is one of the alternatives used in analyzing educational management. In this study, it deliberately used qualitative research methods. Educational institutions as public organizations need professional management, need to do analysis and consider the possibilities that will be faced in the organization. The concept of strategic management is used in education to further streamline existing resources in order to achieve educational goals by using the SWOT analysis technique.

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“…The theory of perception was initially coined by Kotler (1997) revealing that perception is a process of an individual selecting, organizing, and interpreting input information to create a meaningful picture (Santosa & Wulandari, 2019). Furthermore, continued by Webster as a statement by Sutisna (2001), perception is a process regarding the stimulus that influences the response, selected and interpreted (Lopa & Manggu, 2018).…”

Section: Theory Of Perceptionmentioning

confidence: 99%

Money Waqf: The Perception of Pesantren Teacher in Capital City, Indonesia with Multiple Correspondence Analysis

Meilani

Hadziq

2023

MJSSH

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Law of Indonesia, Act, no. 41 of 2004 concerning waqf existed about 15 years ago, but many people do not know about waqf, especially cash waqf. Whereas cash waqf is a major breakthrough in easy, potential and zero cost of fund. This study aims to discuss the teachers of Islamic boarding schools in Jakarta, the capital city of Indonesia about cash waqf. A sample of 138 teachers from five major Islamic boarding schools in Jakarta. Data collection through questionnaires and analysis using the MCA (Multiple Correspondence Analysis) techniques. The results of the study: teachers' perception of waqf was relatively the same, while the perception of cash waqf varied; teachers' perception of aspects of cash waqf regulation are very diverse, especially with the existence of Law no. 41 of 2004 concerning waqf, the teacher's response to the aspect of interest in cash waqf is very diverse, especially interest in waqf money, quite a lot of teachers do not agree; the common perception of teachers is only on the principle that the management of cash waqf must follow the needs of the community, while for other management, quite a lot of teachers still doubt it.

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Cash Waqf for Developing Islamic Economy: Case Study in Indonesia

Cited by 22 publications

References 29 publications

Islamic social finance in Indonesia: Opportunities, challenges, and its role in empowering society

Islamic social finance in Indonesia: Opportunities, challenges, and its role in empowering society

Strengths, Weaknesses, Opportunities, And Threats (SWOT) Analysis In Islamic Educational Institutions

Money Waqf: The Perception of Pesantren Teacher in Capital City, Indonesia with Multiple Correspondence Analysis

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