Optimization of Cash Waqf in Developing Creative Industry : An Effort to Create Sharia-creativepreneurs

Abstract

Abstract-Cash waqf potential in Indonesia is very large if it is well managed. This study discusses the potential management of Cash Waqf (Waqf Al-Nuqud) in Indonesia in order to empower the community and its economic development for the welfare of Muslims in the country. Especially if the funds are handed over to professional managers and invested into the real sector which could be used for economic activities which suit with the framework of the interests of the ummah. In Addition, it also offers an opportunity to help the creative industry business group in increasing revenue of the results obtained. The creative industries need to be developed due to its significant economic contribution to the Indonesian economy in creating a positive business climate, strengthening the image and identity of the Indonesian nation. This research is using explanatory reseacrh methodology. The study aimed to describe the phenomena that exist, whether a natural phenomenon or man-made phenomenon. The data of this research are collected from Indonesian Waqf Board (BWI) and also from the interview with the respondents such as Waqif (who contribute for waqf), beneficiaries of waqf and other waqf management institutions in Indonesia. The industry also becomes the center of innovation creation and the creativity shaper. Indonesia's creative industry development quantitatively had a positive impact on national economic development. However, management and intensive attention are urgently needed in realizing its promising potentials. Therefore, it is necessary for the professional management such as BMT -as an institution -in mobilizing and channeling cash waqf fund as a financing instrument for the creative industries.

Strategy of Productive Waqf Utilization as a Medium for Food Security in Indonesia: An AHP Approach

“…This is a great opportunity to maximize the potential of waqf in Indonesia, especially in food security. Even so, not many Muslims in Indonesia pay attention to it (Wulandari et al,, 2016).…”

“…When aligned with other instruments in Islamic philanthropy, namely zakat, infaq and sadaqah tend to be better known to the Indonesian people compared to waqf. So far, waqf has not been developed economically despite being very strategic for the community, the nation's economic development and welfare for social empowerment (Wulandari et al, 2016). The condition of waqf in Indonesia can be seen from the following data.…”