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All Journal Economica: Jurnal Ekonomi Islam
Yunita Dewi Septiana
Universitas Islam Negeri Walisongo Semarang
Economics, Econometrics & Finance Social Sciences Other

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Empowering Higher Education Funding through Cash Waqf: A Case Study of IPB University Ahmad Furqon; Achmad Arief Budiman; Yunita Dewi Septiana; Narong Hassane; Nasrul Fahmi Zaki Fuadi
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.20779

Abstract

This study explores the role of cash waqf as a financial source for universities, focusing on its management and impact at IPB. The institution overseeing cash waqf at IPB operates with principles of good governance, transparency, accountability, and professionalism. Fundraising is conducted both online and offline, with a consistent monthly auto-debit system from faculty and staff salaries. Additionally, IPB actively involves the community in waqf contributions. Investments of cash waqf funds occur in both financial and real sectors, including deposits and cash waqf-linked sukuk in collaboration with BWI. The allocation of cash waqf benefits is executed through direct and indirect mechanisms. Direct benefits include scholarships, community empowerment programs, infrastructure development, research funding, and social responsibility initiatives. Indirect benefits support character development, religious events, Covid-19 care programs, and educational assistance. Furthermore, IPB distributes waqf-generated resources through medical equipment donations, scholarship programs, water station installations, and burial support. These efforts highlight the strategic role of cash waqf in enhancing university sustainability, fostering social welfare, and strengthening educational institutions. The findings emphasize the significance of structured waqf management in optimizing its benefits and ensuring long-term impact within the academic and social domains.
Institutionalizing Waqf Literacy: A Critical Governance Analysis of the Indonesian Waqf Board’s Communication Strategies Ahmad Furqon; Khoirul Anwar; Nasrul Fahmi Zaki Fuadi; Yunita Dewi Septiana; Fatma Kacem
Economica: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2024.15.2.31140

Abstract

Public understanding of waqf in Indonesia remains limited, constraining its socio-economic potential, and is often treated as a mere educational deficit rather than a governance issue. This study examines the role of the Indonesian Waqf Board (BWI) in enhancing waqf literacy by analyzing how literacy initiatives are designed, implemented, evaluated, and institutionally mediated within Indonesia’s waqf governance system. Using a qualitative, document-based descriptive review that integrates a conceptual–normative approach with comparative institutional analysis, the research draws on BWI Annual Reports (2019–2023), the BWI Strategic Plan (2020–2024), and peer-reviewed literature. The findings show that BWI emphasizes productive waqf, multi-channel digital dissemination, and empowerment-oriented narratives, yet evaluates effectiveness primarily through output-based indicators that undercapture comprehension, engagement, and trust formation. Literacy outcomes are further shaped by regulatory overlap, digital asymmetry, resource allocation patterns, and limited participatory mechanisms. The study concludes that waqf literacy is institutionally mediated and governance-driven, underscoring the need for stronger accountability design, evaluative reform, and regulatory coherence.
Co-Authors Achmad Arief Budiman Ahmad Furqon Fatma Kacem Fuadi, Nasrul Fahmi Zaki Khoirul Anwar Narong Hassane