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Reinterpreting Waqf in Light of Contemporary Socio-Economic Realities Shafa'at Ahmad Aliyu; Adamu Abubakar Muhammad; Adam Muhammad Ardo; Maryam Adam
Perwakilan: Journal of Good Governance, Diplomacy, Customary Institutionalization and Social Networks Vol. 3 No. 2 (2025)
Publisher : IDRIS Darulfunun Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58764/j.prwkl.2025.3.137

Abstract

Waqf (Islamic endowment) has historically been a key driver of socioeconomic development in Muslim cultures, funding education, healthcare, social welfare, and public infrastructure. However, conventional waqf administration and utilization strategies have struggled to adequately address modern socioeconomic concerns like as poverty, unemployment, urbanization, financial isolation, and inadequate institutional governance. This research investigates the importance of reinterpreting waqf within the context of present socioeconomic realities while maintaining true to its classical juristic roots. The study uses a qualitative and analytical approach on Qur'anic principles, Prophetic traditions, classical fiqh literature, and modern Islamic finance scholarship to explore how waqf can be revitalized through innovative instruments, institutional reforms, and integration with modern economic systems. The research advocates for a maq??id al-shar??ah-oriented reinterpretation of waqf, which provides for greater flexibility in asset management, investment strategies, and governance structures while maintaining its perpetual and benevolent nature. The findings demonstrate the ability of contemporary waqf models such as cash waqf, corporate waqf, waqf-based social finance, and public-private partnerships to satisfy current developmental requirements in a sustainable manner. The research concludes that reinterpreting waqf in light of current socioeconomic conditions is not a departure from Islamic tradition, but rather a necessary evolution that can reposition waqf as a dynamic tool for inclusive growth, social justice, and sustainable development in today's Muslim world.
Enhancing Company Value in Islamic Banking: The Interplay of Corporate Social Responsibility and Financial Performance Andi Triyawan; Suryawiastarani; Adamu Abubakar Muhammad
Journal of Islamic Economics and Finance Studies Vol 6 No 2 (2025): JIEFeS, December 2025
Publisher : Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47700/jiefes.v6i2.12063

Abstract

Corporate Social Responsibility (CSR) is a crucial factor influencing firm value, significantly impacting profitability, corporate valuation, and financial performance across various sectors. The relationship between CSR, financial performance, and firm value often follows a U-shaped pattern, where initial CSR investments may incur costs but lead to greater long-term benefits through enhanced stakeholder trust. In Sharia-compliant financial institutions, the integration of CSR governance is increasingly important due to evolving market expectations. This study investigates the effects of CSR and financial performance on firm value in Sharia-compliant banks listed on the JII70 index from 2020 to 2023. Using a quantitative descriptive design, the research analyzes a purposive sample of three Islamic banks over four years, utilizing secondary data from annual reports and sustainability disclosures. The findings reveal that CSR and financial performance together explain 78% of the variation in firm value, underscoring the importance of robust CSR implementation for optimizing firm valuation. CSR and FP don't affect company value much separately. However, they are significant affect when combined (F-test).   Tanggung Jawab Sosial Perusahaan (CSR) memiliki peran penting dalam membentuk nilai perusahaan, terutama pada lembaga keuangan syariah yang menekankan aspek etika dan sosial. Penelitian ini bertujuan untuk menganalisis pengaruh CSR dan kinerja keuangan terhadap nilai perusahaan pada bank syariah yang terdaftar dalam indeks JII70 selama periode 2020–2023. Metode yang digunakan adalah deskriptif kuantitatif dengan menganalisis data sekunder dari laporan tahunan dan laporan keberlanjutan tiga bank syariah terpilih. Hasil penelitian menunjukkan bahwa CSR dan kinerja keuangan secara bersama-sama mampu menjelaskan 78% variasi nilai perusahaan. Temuan ini menunjukkan bahwa penerapan CSR yang kuat, didukung kinerja keuangan yang baik, secara signifikan dapat meningkatkan valuasi perusahaan. Studi ini menegaskan pentingnya integrasi CSR dalam manajemen strategis, khususnya bagi institusi keuangan syariah yang ingin memperkuat kepercayaan pemangku kepentingan dan pertumbuhan jangka panjang. CSR dan FP tidak banyak memengaruhi nilai perusahaan secara terpisah. Namun, keduanya mempengaruhi valuasi perusahaan ketika digabungkan (uji F).