Claim Missing Document
Check
Articles

Found 3 Documents
Search

Crowdfunding Coordinated Money Waqf Savings as Alternative to Sharia Cooperative Financing Muh. Abdulloh Hafith; Abu Azam Al Hadi; Ah. Ali Arifin
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 3 (2021): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i3.2355

Abstract

Cash waqf is waqf carried out by a person, group, institution or legal entity in the form of money, including in the sense of money is securities, such as shares and checks. The application of cash waqf today has greater advantages than traditional waqf, namely physical objects that do not move. The study aims to answer the question How to explore the potential of cash waqf by crowdfunding coordinated waqf savings and their management so that they become productive as an alternative to financing in sharia cooperatives. The method used is descriptive analytical by using two approaches, namely Sociological and case studies. Data collection techniques used are observation, interviews and documentation. The results of this research with a qualitative descriptive approach indicate that the excavation of cash waqf funds with the coordinated crowdfunding system of cash waqf savings is very effective and to maintain its sustainability, cash waqf must be managed productively by investing in Sharia business sectors with low risk.
Legal Arrangements on Waqf Money in the Context of Sharia Economics in Indonesia H.M. Ridlwan Hambali; Anwar Saleh Hasibuan; Fathonah K. Daud; Farida Isroani; Muh. Abdulloh Hafith
Pena Justisia: Media Komunikasi dan Kajian Hukum Vol. 23 No. 2 (2024): Pena Justisia
Publisher : Faculty of Law, Universitas Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Money waqf, a form of charitable giving in cash, is an emerging financial instrument in Indonesia's Islamic economy, complementing traditional in-kind wakaf such as land and buildings. While legal frameworks for its implementation exist through Law No. 41/2004 on Wakaf and Government Regulation No. 25/2018, challenges in its realization persist. These include limited public understanding of wakaf uang, influenced by the dominance of the Syafi'i school of thought, which traditionally focuses on immovable assets. Furthermore, insufficient socialization, institutional capacity, and government support hinder the effective mobilization of wakaf funds. Despite these challenges, the potential for wakaf uang to contribute to economic empowerment remains significant, especially with the rise of digital platforms facilitating easier participation. However, obstacles like low technological literacy and inadequate human resources within managing institutions need addressing. This research aims to evaluate the regulatory framework, challenges in implementation, and the role of wakaf uang in promoting socio-economic development in Indonesia. Findings emphasize the need for enhanced public education, stronger institutional management, and collaborative efforts between government, institutions, and the community to optimize the utilization of wakaf uang for greater economic impact.
Legislasi infisakh akad: Studi konversi akad shirkah dengan akad bai’ di BSI Cabang Bojonegoro Robbani, Shofa; Ridlwan Hambali, M.; Abdulloh Hafith, Muh.; Hidayat, Wahyu
Asy-Syari’ah : Jurnal Hukum Islam Vol. 10 No. 2 (2024): Asy-Syari'ah: Jurnal Hukum Islam, Juni 2024
Publisher : LP3M Universitas Islam Zainul Hasan Genggong

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55210/assyariah.v10i2.1718

Abstract

Legislation on contract infisakh in muamalah transactions is an urgent thing to know in order to avoid it. The problem of discrepancies between contracts and practices often occurs in Sharia financial institutions, especially Sharia banks. There are several factors behind the emergence of this case, including the relatively few quality human resources who understand well the implementation of the muamalah contract. Contemporary problems with modern transactions trigger contract incompatibility, such as the conversion of a shirkah contract to a bai' contract which occurred at Bank Syariah Indonesia Bojonegoro Branch. This research aims to explain and describe the legal legislation for annulment (infisakh) of contracts in fiqh muamalah transactions, and the law for converting shirkah (meant Musharakah Mutanaqishah) contracts with bai' (meant Bai’ ‘Inah) contracts at BSI Bojonegoro Branch. This research methodology is field research with a qualitative approach. The research location is Bank Syariah Indonesia Bojonegoro Branch. Data collection techniques were obtained from observation and interviews. Meanwhile, data analysis techniques use data reduction, data presentation, and conclusion. The research results show that eliminating contracts that are not following practice and replacing them with appropriate contracts is an action that must be taken to realize the supremacy of Islamic law in muamalah transactions. Then the conversion of the shirkah contract to bai' carried out by BSI Bojonegoro Branch was the right action, and by the substance of the National Sharia Council Fatwa No. 49/DSN-MUI/II/2005 concerning Contract Conversion and Bank Indonesia Regulation No. 10/18/PBI/2008 concerning Restructuring.