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All Journal JDM (Jurnal Dinamika Manajemen) Jurnal Al Bayan: Jurnal Jurusan Pendidikan Bahasa Arab Jurnal Diskursus Islam Media Akademika Al-Baro`ah ARABIYAT Jurnal Ilmiah Peuradeun Arabiyatuna : Jurnal Bahasa Arab Ijaz Arabi Journal of Arabic Learning IZDIHAR Journal of Education, Humaniora and Social Sciences (JEHSS) Al-Ulum: Jurnal Pendidikan Islam Loghat Arabi: Jurnal Bahasa Arab & Pendidikan Bahasa Arab Al-Ulum: Jurnal Pendidikan Islam Money: Journal of Financial and Islamic Banking Al Himam: Jurnal Ilmu Ilmu Pendidikan & Bahasa Arab Indonesian Educational Administration and Leadership Journal (IDEAL) Ad-Dhuha: Jurnal Pendidikan Bahasa Arab dan Budaya Islam Educational Leadership and Management Journal
Muhammad Qodri
Fakultas Tarbiyah IAIN Sulthan Thaha Saifuddin Jambi
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

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Sukuk Linked Waqf (An Analytical Study on the Development of a Productive Waqf Asset Management Model in Indonesia) Qodri, Muhammad; Nurhayati, Immas; Huda, Nurul; Tanjung, Hendri
Educational Leadership and Management Journal Vol. 4 No. 1 (2026): in progress
Publisher : FKIP Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/element.v4i1.54787

Abstract

The This study aims to develop an integrated model of Sukuk-Linked Waqf to optimize unproductive waqf assets in Indonesia. Despite the vast potential of waqf assets, their utilization remains suboptimal due to limited managerial capacity, lack of innovation, and weak governance. This research adopts a qualitative approach combined  with the Analytical Network Process (ANP) to identify key determinants influencing the effectiveness of waqf management. The results show that the consistency ratio (CR) values across stakeholders—Badan Wakaf Indonesia (0.08), Otoritas Jasa Keuangan (0.07), Dewan Syariah Nasional Majelis Ulama Indonesia (0.06), Bank Syariah Indonesia (0.09), investors (0.08), and practitioners (0.07)—are all below the acceptable threshold of 0.10, indicating reliable and consistent judgments. In terms of priority criteria, transparency (0.26) and regulatory support (0.22) are identified as the most influential factors, followed by public trust (0.20), institutional efficiency (0.18), and socialization or financial literacy (0.14). The study proposes an Integrated Sukuk–Waqf Synergy Model (ISWSM) as an innovative solution that integrates Islamic social finance and capital market instruments through a digital platform. The proposed model enables sustainable financing by combining philanthropic and commercial funds through a blended finance approach. This research contributes theoretically by enriching Islamic social finance literature and practically by offering an implementable model for stakeholders. It also provides policy implications for strengthening governance and developing innovative financing mechanisms to support sustainable socio-economic development.
The Influence of Capital Expenditure and Employee Expenditure on the Education Index through Employment Absorption and Poverty in Regencies/Municipalities of Jambi Province Qodri, Muhammad; Tanjung, Hendri; Huda, Nurul; Nurhayati, Immas
Indonesian Educational Administration and Leadership Journal (IDEAL) Vol. 8 No. 1 (2026): In progress
Publisher : Program Studi Adminsitrasi Pendidikan Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ideal.v8i1.54132

Abstract

The purpose of this study is to examine how capital expenditure (X1) and employee expenditure (X2) influence the education index of regencies/municipalities (Y2) through employment absorption (Z1) and poverty (Z2) during the period 2002–2024. The method applied is multiple linear regression using the selected Random Effects Model (REM), with data analysis conducted through Eviews 8.0 Series to process panel data. The results of the t-test show that among the examined variables (capital expenditure (X1), employee expenditure (X2), employment (Z1), and poverty (Z2)), only capital expenditure (X1) does not have a significant effect on the education index of regencies/municipalities in Jambi Province (Y2) during 2002–2024, with a significance level of 5%. The other three variables—employee expenditure (X2), employment (Z1), and poverty (Z2)—were found to have a significant impact on the education index within the same period, at the 5% significance level. The Adjusted R-Squared value of 0.799658 (lower than the fixed effect model’s 0.900323) indicates a high R-Squared value of 0.803492. The F-statistic probability of 0.000000 further confirms the model’s overall significance, although the Durbin-Watson statistic of 0.242935, which falls below 2, suggests potential autocorrelation issues.
Co-Authors Ahmad Muradi Arman Husni Ashfia, Ahmad Dio Caisar Darma Hakim, Yundi Permadi Hasan Busri Hendri Tanjung Husein, Sudi Yahya Imam Asrori Mudhofir, Ihwan Muhammad Amri Muhammad Rusmin B Muhbib Abdul Wahab Musdalifah Azis Musli musli Mustar Mustar, Mustar Nabila, Nabila Nurhayati, Immas Nurida Isnaeni Nurul Huda PERTIWI, NADIA INDAH Rahmi Lubis Raswan Raswan, Raswan RR. Ella Evrita Hestiandari Sanjaya, Budi Suryani Hardjo Umasugi, Muhammad Kumaini Uril Bahruddin, Uril Yusraini yusraini Zainal Ilmi Zulmi Marisa