Economic Empowerment through Muhammadiyah-Owned Enterprises A Case Study of Muhammadiyah Regional Board of Lumajang

Abstract

This article examines the Muhammadiyah-Owned Enterprises (Badan Usaha Milik Muhammadiyah (BUMM)) managed by CV. Syirkah Amanah and its role in the economic Empowerment of Muhammadiyah organizations and the community. CV. Syirkah Amanah is the research object because it has shown exemplary achievements in managing BUMM. This study uses a qualitative descriptive approach with data sources through interviews, document reviews, and field observations. This study indicates that the management and development of business units owned by Muhammadiyah organizations have a significant role in the organization’s economicEmpowerment and community economic empowerment. In empowering the community’s economy, namely the existence of new job opportunities, invest and increase financial income. Meanwhile, in empowering the organization’s economy, namely increasing financial resources for the sustainability of organizational activities and increase the development of social service facilities in carrying out the organization’s vision and mission.

Redefining Boundaries: The Case for Enterprise-Structured Waqf Over Corporate Waqf

“…Despite the absence of an exact definition of productive waqf in the literature, this term is generally understood as the active management of waqf assets to generate benefits for the designated beneficiaries. This term-particularly highlighted by Indonesian authors (Hakim & Sarif, 2021;Ascarya et al, 2022;Syibly et al, 2022) and institutions like the Indonesian Waqf Agency (Badan Wakaf Indonesia, BWI) (Listiana et al, 2021)-emphasises the transformation of waqf assets into ongoing sources of benefit, moving beyond mere preservation to active productivity. The relationship between enterprise-structured waqf and productive waqf is predicated on their mutual emphasis on maximising the productivity of waqf assets while maintaining fidelity to Islamic philanthropic principles.…”