Waqf Fundraising Management:  a Proposal for a Sustainable Finance of the Waqf Institutions

Shulthoni, Muhammad; Saad, Norma; Kayadibi, Saim; Ariffin, Muhammad Irwan

doi:10.21098/jimf.v3i0.776

Cited by 10 publications

(10 citation statements)

References 14 publications

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“…Various studies related to social enterprise development in overcoming problems of poverty, education, health, community development, and the environment have been carried out in various countries (Loosemore, 2016; Luke and Chu, 2013; Johnsen, Hwang et al 2017;Rwamigabo, 2017;Grant, 2017;Mauksch, 2012;Gupta, 2015;Calleros et al, 2016;Aluko, 2015;SERIO, 2016). The concept of social enterprise is also one of the fundraising models for philanthropic institutions and educational institutions (Shulthoni et al 2018). Arshad and Haneef (2015) stated that the collaboration of philanthropic institutions with social enterprises is the incorporation of two elements and values that both have the purpose of social virtue.…”

Section: Social Enterprisementioning

confidence: 99%

Social Enterprise: The Alternatives Financial Support for Educational Institusion

Siahaan¹,

Iswati²,

Zarkasyi³

2019

IJEFI

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Enterprise social in the context of education is one of the innovations in maintaining the financial resources of an educational institution. In this study, social enterprise sustainability was used to realize a social enterprise-based boarding school management system, as well as supporting education improvement in Gontor Islamic Boarding School. This research method is action research to find out how the sustainability model of social enterprise implementation is carried out by Gontor. The results of the study show that enterprise social sustainability has shown success in providing benefits to the institution and society.

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Section: Social Enterprisementioning

confidence: 99%

Social Enterprise: The Alternatives Financial Support for Educational Institusion

Siahaan¹,

Iswati²,

Zarkasyi³

2019

IJEFI

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“…The form of financing can be encountered like waqf sukuk (Islamic bonds). When the project starts running, other additional factors need to be developed, such as the development of facilities and infrastructure (Shulthoni, et al, 2018) to conveniently support the pesantren community and external consumers.…”

Section: Discussionmentioning

confidence: 99%

The Integration of Islamic Commercial and Social Economy Through Productive Waqf to Promote Pesantren Welfare

Winarsih

Masrifah

Umam

2019

JIMF

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A pesantren (Islamic boarding school) as an Islamic educational institution basedon self-financing system has implemented waqf as a pillar of its development andbecome a potential waqf asset development. The productive waqf is considered asa key instrument for providing funds to actualizing its educational program. Sinceboth productive waqf and pesantren emphasize sustainability, and since productivewaqf can assist to support the process of education in pesantren, the study aims toinvestigate an integrated Islamic social and commercial economy model applicable inpesantren. This will ensure utilization of the combined resources of productive waqfand pesantren in promoting pesantren welfare. The study focuses on 263 operationalchief, assatidz or teacher, musyrif, musyrifah or santri companion and santri or studentsin Pesantren in Java and Sumatra using. Structural Equation Modeling (SEM) adoptedto examine the relationship among the five constructs i.e., productive waqf, businessunit, project financing, human resource and pesantren welfare. While the reliabilityand validity are established, the structural relationship between the constructs revealsthat the integrated model has a strong relationship with the pesantren welfare inmany ways. In relation with business unit and profitable commercial activities, humanresources have its significant role to assist pesantren tries its level best to realizedeveloped productive waqf. Specifically, the result shows all five constructs havesignificant impact in promoting pesantren welfare, which suggests that the model aswell as the instrument should be further implemented in pesantren.

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“…Zakat menjadi perintah yang wajib dikeluarkan bagi masyarakat yang mampu memenuhi kebutuhan pokok sehari -hari. (Shulthoni & Saad, 2018) Bagi muslim yang masih belum bisa memenuhi kebutuhan pokoknya sehari -hari tidak ada kewajiban dalam berzakat. Zakat memiliki arti secara bahasa (terminologi) adalah bertambah atau berkembang.…”

Section: Pendahuluanunclassified

Manajemen Risiko dalam Upaya Resiko Muzakki dan Mustahiq pada lembaga MPZ Citra Anak Sholeh

Mustofa

2022

JIEI

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At this time the population in the city of Surabaya is around 2.8 million people, the data comes from the Central Statistics Agency for the province of East Java. From these data, it becomes an opportunity for philanthropic institutions in the city of Surabaya. The fraud above is an obstacle to raising the reputation of the Amil zakat institution in Indonesia. The case above has added to the urgency in risk management that must be carried out by all BAZ and LAZ institutions so that this does not happen again. In this study, ERM Enterprise Risk Management was used through the COSO Committee Of Sponsoring of the treadway commission approach. The results of the risk assessment of muzakki and mustahiq MPZ Citra Anak Sholeh show that there are 11 risks that are indicated as low risk and eight risks that are moderate or in the medium stage. Risk data with a high opportunity and impact measure are muzakki who donate their zakat to more than one amil zakat institution. Risk Handling Muzakki and mustahiq MPZ Citra Anak Sholeh held a sharing discussion internally and externally with LAZ Yatim Mandiri. MPZ Citra Anak Sholeh identifies the problem, then makes anticipation regarding the risks that will occur. muzakki who donate their zakat to more than one amil zakat institution. According to the leadership of the MPZ institution, it is necessary to identify the reasons why the muzakki donated to the two institutions, so that it is known specifically what strategy will be made to attract the muzakki.

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Waqf Fundraising Management: a Proposal for a Sustainable Finance of the Waqf Institutions

Cited by 10 publications

References 14 publications

Social Enterprise: The Alternatives Financial Support for Educational Institusion

Social Enterprise: The Alternatives Financial Support for Educational Institusion

The Integration of Islamic Commercial and Social Economy Through Productive Waqf to Promote Pesantren Welfare

Manajemen Risiko dalam Upaya Resiko Muzakki dan Mustahiq pada lembaga MPZ Citra Anak Sholeh

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