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All Journal Sharia Economic and Management Business Journal (SEMBJ) Jurnal Penelitian Pendidikan Indonesia
Muhammad Yafiz
State Islamic University of North Sumatra
Religion Agriculture, Biological Sciences & Forestry Computer Science & IT Economics, Econometrics & Finance Education Other

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The implementation of waqf planning and development through Islamic financial institutions in Indonesia Sugianto Sugianto; Andri Soemitra; Muhammad Yafiz; Ahmad Amin Dalimunthe; Reza Nurul Ichsan
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 8, No 2 (2022): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020221430

Abstract

There is assumption in the community that waqf are physically permanent, and handed over directly to Nazir, even though there are also cash waqf through Islamic financial institutions (IFI). The present research was conducted using a qualitative approach This study aims to analyze the implementation of waqf planning by waqif, waqf development by waqf bodies and the structuring of IFI products in Indonesia related to waqf. This study used a qualitative descriptive method using an online questionnaire to waqif and in-depth interviews with waqf institutions and IFI, then analyzed descriptively qualitatively. The results showed that the development of endowments through Islamic financial institutions are carried out by two methods; namely, the development of endowments initiated by LKS and are offered to Waqf Board, and the development of waqf was initiated and offered to LKS by the Waqf Board and the structure of the waqf products consists of two models. One model is not directly made specifically for waqf products, but is linked to the needs of Nazir who have collaborated, and the other one is that LKS products are specifically structured for endowments devoted to mobilizing endowments that are either self-structured by LKS or upon the request by Nazhir.
Developing an Integrated Maqāṣid al-Sharī'ah-Based Social Entrepreneurship Ecosystem Model for Sustainable Development: Empirical Evidence from HIPMI Indonesia Marliyah Marliyah; Syuhada Fela Yudha; Muhammad Ramadhan; Muhammad Yafiz
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 3 (2026): Sharia Economic and Management Business
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i3.2697

Abstract

Background: Social entrepreneurship is increasingly seen as a strategic engine for the Sustainable Development Goals (SDGs) in countries with a majority of Muslims. However, there are few empirical studies that treat Maqāṣid al-Sharī'ah as a measurable construct within entrepreneurial ecosystem models, and there is little data on how entrepreneurial associations like the Indonesian Young Entrepreneurs Association (HIPMI) influence this process. Method: This study used a quantitative, explanatory approach to survey 255 HIPMI members in North Sumatra, Indonesia, using a five-point Likert-scale questionnaire. Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to analyze the data. Results: The measurement model met all validity and reliability criteria (AVE = 0.777–0.902; Cronbach's Alpha and Composite Reliability above 0.90), while the structural model demonstrated strong predictive relevance (Q² = 0.679–0.738), substantial explanatory power (R² = 0.764–0.886), and a good overall fit (SRMR = 0.038). Social Entrepreneurship was one of the twelve hypotheses that received support.Features that have the most beneficial impact on Maqāṣid al-Sharī'ah (β = 0.600). External support had no discernible direct impact on Maqāṣid al-Sharī'ah, while the role of HIPMI had no discernible direct impact on SDG Contribution. However, both relationships gained significance after being mediated by the Social Entrepreneurship Ecosystem. Conclusion: These results corroborate the Islamic Social Entrepreneurial Ecosystem Model (ISEEM), demonstrating that when entrepreneurial capacity, ecosystem development, institutional support, and the internalization of Maqāṣid al-Sharī'ah work together, sustainable development is strengthened.
Co-Authors Ahmad Amin Dalimunthe Andri Soemitra Andri Soemitra Marliyah Marliyah Muhammad Ramadhan Reza Nurul Ichsan Sugianto Sugianto Syuhada Fela Yudha