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All Journal Edukasi Islami: Jurnal Pendidikan Islam
Salim Rahmatullah
UIN Mataram
Education

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PRODUCTIVE WAQF–BASED FINANCING MANAGEMENT MODEL FOR SUSTAINABLE ISLAMIC EDUCATION Salim Rahmatullah; Abdul Malik; Subhan Abdullah
Edukasi Islami : Jurnal Pendidikan Islam Vol 15 No 02 (2026): Edukasi Islami: Jurnal Pendidikan Islam
Publisher : Sekolah Tinggi Agama Islam Al Hidayah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30868/ei.v15i02.10075

Abstract

This study examines a productive waqf–based financing management model as a sustainable solution for Islamic educational institutions. It aims to develop an effective and integrative framework that aligns Islamic financial principles with contemporary institutional needs. Using a qualitative library research approach, the study analyzes classical fiqh literature, modern financial management theories, and recent empirical studies from Indonesia and other Muslim-majority countries. The findings indicate that productive waqf can function as a reliable and sustainable funding source when supported by transparent governance, professional asset management, and technology-driven financial reporting systems. The proposed MIWAP-PI model highlights the importance of nazhir professionalism, accountability, and institutional autonomy in optimizing waqf assets. Practically, this model provides a structured approach for Islamic educational institutions such as pesantren, madrasah, and Islamic universities to reduce dependence on external funding and develop self-sustaining financial systems. Ultimately, it contributes to strengthening Islamic social finance ecosystems and supports the achievement of maqashid al-shariah, particularly in ensuring long-term educational sustainability.
Co-Authors Abdul Malik Subhan Abdullah