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All Journal Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Siti Aisyah Adelina
Universitas Islam Negeri Sultan Syarif Kasim Riau, Indonesia.
Economics, Econometrics & Finance

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Implementation and Role of the Productive Waqf Incubation Program (IWP) of the Ministry of Religious Affairs of the Republic of Indonesia in the Development of Nazhir Entrepreneurship Yessy Septrimadona; Nur Azwani bt Mansor; Siti Aisyah Adelina; Julina Julina
Dinasti International Journal of Economics, Finance & Accounting Vol. 7 No. 2 (2026): Dinasti International Journal of Economics, Finance & Accounting (May-June 2026
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v7i2.6837

Abstract

This study examines the implementation and role of the Productive Waqf Incubation Program (IWP) of the Ministry of Religious Affairs of the Republic of Indonesia in developing nazhir entrepreneurship. The study is motivated by the large potential of waqf in Indonesia that has not yet been fully managed productively, since many waqf assets are still used for direct worship purposes and have not been directed toward sustainable socio-economic activities. This research aims to analyze the implementation of IWP, its role in strengthening the entrepreneurial capacity of nazhir, and its impact on local economic development and community welfare. This study uses a qualitative method with a descriptive approach. Data were obtained through observation of productive waqf practices, interviews with the Directorate of Zakat and Waqf Empowerment and nazhir who received the program, and documentation studies of regulations, reports, and related literature. The findings show that IWP is implemented through asset mapping, administrative and field verification, business feasibility assessment, nazhir training and certification, capital assistance distribution, mentoring, monitoring, evaluation, and business development. The program transforms nazhir from administrative managers into social entrepreneurship actors who are able to develop waqf assets productively, professionally, and accountably. This study concludes that IWP can serve as a sustainable productive waqf development model in Indonesia and can be replicated according to each region's local potential in a more adaptive, measurable, collaborative, inclusive, and public-benefit-oriented manner.
Co-Authors Julina Julina Nur Azwani bt Mansor Yessy Septrimadona