Waqf Accountability Around the World: A Mini-Review

Abstract

This paper aims to review and understand about waqf accounting system in the world such as Asia, Europe, and African. The study of a review shows that a �Waqf accounting system in Asia, Europe, and Africa has similarities, such as every country has a waqf institution for organizing waqf accounting (waqf asset, cash waqf, etc). Every country has its own way of regulating and operating� �waqf �accounting. The growth of waqf in some minority countries is still constrained by several legal restrictions and the high cost of living in these countries.

Optimization Of Ummah Economic Empowerment Through Institutional Strengthening of Waqf Micro Banks

“…With more Waqf Micro Banks, the reach of micro-businesses that can be served by Waqf Micro Bank is more [6]. For this reason, in order to make the poverty alleviation program through productive waqf more optimal, increasing the number of Waqf Micro Banks in each province is very urgently carried out by the OJK [7].…”

“…Waqf is a product whose core business is trusted. Therefore, waqf management must be carried out in a professional, transparent, accountable and credible manner [2]. For this reason, the presence of waqf through Waqf Micro Bank is one of the government's efforts to provide confidence to the community as waqf fund stakeholders [3].…”