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Journal : JCAIP: Journal of Contemporary Applied Islamic Philanthropy

Analysis of Cash Waqf Management in Indonesia and Malaysia: A Literature Highlight Rafita, Dea Reren; Bella, Yeti Vera; Sugeng, Anggoro
Journal of Contemporary Applied Islamic Philanthropy Vol. 1 No. 1 (2023): JCAIP
Publisher : Nuban Jagadhita Centre

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62265/jcaip.v1i1.15

Abstract

Purpose: Currently, the form of waqf is experiencing development, not only in the form of land waqf but also in the form of money or other financial objects. The waqf is known as cash waqf. Cash waqf is the latest breakthrough in the government's efforts to optimize the collection of waqf funds from its potential. In this study, researchers wanted to know about the management of cash waqf in 2 countries, namely Indonesia and Malaysia. Methodology: This research is descriptive qualitative, with data collection techniques in the form of Library Research. The data used is data obtained from the official websites of the Indonesian Waqf Agency (BWI) and the Malaysian Waqf Foundation (YWM). Findings: The results obtained from this study indicate that there are differences in waqf management in Indonesia and Malaysia. The difference lies in the method of waqf collection and distribution of waqf funds. In Indonesia, the collection of cash waqf is only divided into 2 forms, namely cash waqf and cash waqf, while in Malaysia the collection of cash waqf is adjusted to the purpose of its distribution. The collection of cash waqf in Indonesia tends to be spontaneous/unplanned and focuses more on developing productive waqf. Whereas in Malaysia the distribution of cash waqf tends to be patterned and regular, so that the form of distribution of funds tends to be the same from year to year, only the amount is different.
Indonesia's Zakat Transformation in the Digital Era: Opportunities and Challenges Sugeng, Anggoro; Triwibowo, Ananto; Saputra, Edi; Muhaimin Yusof, Ku Abdul
Journal of Contemporary Applied Islamic Philanthropy Vol. 2 No. 1 (2024): JCAIP
Publisher : Nuban Jagadhita Centre

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62265/jcaip.v2i1.63

Abstract

Purpose: In the ever-evolving digital era, the transformation of zakat is becoming increasingly relevant and urgent. By utilizing digital technology wisely, zakat institutions can open the door to greater efficiency in the collection, management, and distribution of zakat, as well as increase community engagement in the practice of sharing blessings. However, to reach its full potential, there needs to be a concerted effort from all parties to overcome the challenges associated with using technology in religious and social contexts. Methodology: This research uses a qualitative descriptive approach combined with document analysis. This qualitative descriptive method focuses on explaining facts and circumstances that were observed during the research on Zakat Transformation in the Digital Era: Opportunities and Challenges. Findings: The results of this study show that the transformation of zakat in the digital era is a significant change in how zakat is managed and distributed by utilizing information and communication technology. Zakat institutions have five opportunities and four challenges of zakat transformation in the digital era, which should be prepared so that the transformation of zakat in this digital era positively impacts zakat institutions in particular and society in general.