Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities &amp; challenges

Iman, Aldi Khusmufa Nur; Najiyah, Faridatun; Asshiddiqi, Munji

doi:10.23917/jisel.v4i1.12510

Cited by 3 publications

(4 citation statements)

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“…This strategy relates to a solution in the form of issuing technical rules for the management of stock waqf so that this solution and strategy can address the problem of low investor (wakif) literacy regarding stock waqf. The primary strategy of this research supports the strategy from the research results of Hakim (2020) Iman et al (2021), andLahuri et al (2023).…”

Section: Discussionmentioning

confidence: 69%

“…According to Hakim (2020), the threat factors in the development of stock waqf are still a traditional community mindset regarding Waqf and the need for more public realization of endowment stocks. Hakim (2020) The results of Iman et al (2021) show five challenges to stock waqf in Indonesia. First.…”

Section: Previous Studiesmentioning

confidence: 99%

“…Some of the previous research results described above indicate that recent research on stock waqf has begun to discuss its development of stock waqf. However, this research only uses the study literature method and is not based on empirical data, such as the research conducted by Nasution and Aris (2020), Iman et al (2021), andHakim (2020). Therefore, this study did not carry out hypothesis testing.…”

Section: Previous Studiesmentioning

confidence: 99%

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Problems, solutions, and strategies for developing stock waqf in Indonesia

Rini,

Huda,

Anshori

et al. 2024

J. Eko. Keu. Isl.

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Purpose – This study aimed to determine priority problems, solutions, and strategies for developing stock waqf in Indonesia.Methodology – The analytical method used was qualitative with the Delphi approach. The informants for this research were experts in the field of shared waqf. The group of informants consisted of regulators, sharia stock practitioners, nazhir, academics, and wakif with a total of 13 informants.Findings – The results show that the priority issues regarding investor knowledge are from the wakif aspect. A priority problem is the low-literacy stock waqf. The solution priority is from a regulatory perspective. The sub-criteria of the operating rules that are the priority for the solution are the issuance of technical regulations for managing stock waqf. The strategy priority that can be implemented to develop a stock waqf is from the Nazhir aspect as a human resource. Implications – The implications of the research results are in the form of a strategy implemented by the Indonesian waqf board (Badan Wakaf Indonesia, BWI) by issuing standard operating procedures (SOP) for nazhirs in the management of stock waqfs.Originality – The novelty of this research lies in the development of stock waqf, as seen from the problems, solutions, and strategies. In addition to different things, this study also uses a qualitative Delphi approach to formulate problems, solutions, and strategies for developing equity waqf in Indonesia. The Delphi method has not been widely used in Indonesian stock waqf research.

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Section: Discussionmentioning

confidence: 69%

Section: Previous Studiesmentioning

confidence: 99%

Section: Previous Studiesmentioning

confidence: 99%

See 1 more Smart Citation

Problems, solutions, and strategies for developing stock waqf in Indonesia

Rini,

Huda,

Anshori

et al. 2024

J. Eko. Keu. Isl.

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“…As for cash waqf, it can also be used to stimulate additional business capital for members of the public who wish to develop their business or open a new business. The pattern can also be with qardhul hasan financing (Iman et al, 2021). Islamic social finance can help a community remain viable in the short term and expand its economy over time.…”

Section: Forms Of Islamic Social Finance In Indonesiamentioning

confidence: 98%

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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The indexing of resources toward nazhir waqf

Lahuri¹,

Sukmana²,

Zuhroh³

et al. 2023

J. Eko. Keu. Isl.

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Purpose – This paper aims to find the factors for designing an index of the quality of developing human resources as nadzir waqf to control and to be the reference for waqf management in every waqf institution.Methodology – This study used a qualitative method with the Analytic Network Process. The data analysis shows the most dominant influence and determines the priority order, and decision-making. The data analysis will be the weighted sum for the performance ratings for each alternative across all attributes using the Simple Additive Weighting method and at the end, the Nazhir Wakaf Index (INW) value will be obtained.Findings – The research finds the factors in the internal and external resolutions bringing experts into the field by monitoring, and synergies with the government. The Nazhir Waqf Index that tried implemented is low with a score of 40.731. From the table and figure, it can be concluded that the highest variable design score of the Nazhir Wakaf Index (INW) at Pondok Modern Gontor is the assignment with a score of 100. With that assignment, the nadzir waqf has the autonomy to develop his competencies and abilities.Implications – If approached the index one would be the solution to the development. By offering a preliminary index and delivering informative advertising nadzir waqf resources will ensure the ability to provide efficient management.Originality – This research takes an important research gap to analyze the competence of nadzir waqf by making measurements in the development of nadzir waqf resources that can be used by any waqf institution.

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Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges

Cited by 3 publications

References 0 publications

Problems, solutions, and strategies for developing stock waqf in Indonesia

Problems, solutions, and strategies for developing stock waqf in Indonesia

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

The indexing of resources toward nazhir waqf

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