Development of Islamic Bank-based Cash Waqf Management in Indonesia

Rusydiana, Aam Slamet; Avedta, Sherrindra

doi:10.58968/isf.v2i2.135

Cited by 2 publications

(2 citation statements)

References 20 publications

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“…In addition, the study shows that the CWLS model can serve as an alternative source of financing for the government, thus diversifying the available funding options. Other research conduct by and Rusydiana & Avedta (2022). The result show that the core problems and challenges faced in the development of cash waqf institutions by Islamic banks (LKS-PWU) are: System aspect, product, regulation, and information technology.…”

Section: Literature Reviewmentioning

confidence: 90%

Cash Waqf Linked Sukuk (CWLS) In Indonesia

Slamet Rusydiana,

Kartika Ocktavia,

Salmah

2023

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Currently, the government has made a new innovation in the world of waqf, namely Cash Waqf Linked Sukuk (CWLS) which is a form of social investment by collecting funds through cash waqf, then invested in state sukuk. The purpose of this research is to see the extent of development and sentiment towards Cash Waqf Linked Sukuk (CWLS). The method used is descriptive statistical analysis combined with meta and sentiment analysis of secondary data in the form of metadata from 53 Dimension indexed articles, then processed using Microsoft Excel 2019 and SentiStrenght software. The analysis shows that the topic of Cash Waqf Linked Sukuk (CWLS) has a neutral sentiment of 39.7% followed by a positive sentiment of 37.7% and a negative sentiment of 22.6%. In addition, factors that influence positive and negative sentiments towards Cash Waqf Linked Sukuk (CWLS) were also found. It can be concluded that CWLS can be a solution in increasing economic growth amid the Covid19 pandemic and economic recovery. From the results of this analysis, both positive and negative sentiments are challenges and opportunities for interested parties, including the government, academics and other stakeholders to provide a strong understanding of Cash Waqf Linked Sukuk (CWLS).

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Section: Literature Reviewmentioning

confidence: 90%

Cash Waqf Linked Sukuk (CWLS) In Indonesia

Slamet Rusydiana,

Kartika Ocktavia,

Salmah

2023

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“…There is no separate management for zakat and waqf at the national level. To manage zakat and cash waqf, it is necessary to optimize existing resources and prepare for digitalization (Slamet Rusydiana & Avedta, 2022).…”

Section: The Importance Of Utilizing Technology and Digital Platforms...mentioning

confidence: 99%

Transformation of cash waqf management in Indonesia: Insights into the development of digitalization

Adinugraha,

Shulthoni,

Sain

2024

RISFE

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Purpose – This study intends to provide an in-depth explanation of the importance of transforming cash waqf management in Indonesia through a digitalization platform.Methodology – This research was library research. The data collection techniques used in this study were literature review and documentation. Data analysis techniques are in the form of content analysis. The stages of content analysis in this research were carried out by determining the problem, compiling a framework of thought, compiling methodological tools, analyzing literature data, and interpreting the data that have been obtained.Findings – The findings of this study suggest that cash waqf innovation through digital platforms has proven to be an applicable solution. The transformation of cash waqf management through digital platforms has proven to accelerate the growth of waqf assets and the benefits of waqf for the improvement of community welfare and to increase public knowledge and awareness of cash waqf. The constraints of digital cash waqf development in Indonesia are the lack of qualified and professional nazirs and human resources, strong business network for digital cash waqf development, digital cash waqf socialization among the public, and popularity of digital waqf institutions.Implications – This research is useful for improving the transformation of cash waqf management through digitalization, which has demanded collaboration and synergy between the Indonesian government and Zakat institutions.Originality – This study examined the digital transformation model of cash waqf management in Indonesia.

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Development of Islamic Bank-based Cash Waqf Management in Indonesia

Cited by 2 publications

References 20 publications

Cash Waqf Linked Sukuk (CWLS) In Indonesia

Cash Waqf Linked Sukuk (CWLS) In Indonesia

Transformation of cash waqf management in Indonesia: Insights into the development of digitalization

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