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Regulatory Factors Creating Waqf Bank the Third Sector Organizations Muhamad Fauzi; Rahmat Dahlan; Iwan Agustiawan Fuad
Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam Vol 17 No 2 (2024): Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam
Publisher : Badan Wakaf Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47411/al-awqaf.v17i2.292

Abstract

The development of waqf in Muslim countries has grown positively, contributing to socio-economics. Waqf, as one of the instruments of innovation, increases awareness of its value and widespread use. Banking functions as a profit institution centred on the financial sector by collecting and distributing funds to the public for the benefit of national development. The utilisation of the Banking and Waqf sectors is literally the opposite, but has great innovation for the long-term public interest. This phenomenon has given rise to civil organisations as third-sector organisations concerned with integrating the principles and benefits of the banking and waqf sectors. Unfortunately, developing countries in Indonesia, with a Muslim majority population, have high levels of generosity and religiosity, but literacy and inclusion of waqf are still low. The purpose of the study is to determine the regulatory factors that support the creation of waqf banks as third-sector organisations in Indonesia. The study uses a qualitative method with a systematic literature review. Data collection uses secondary data from international journals indexed by Scopus and SINTA published between 2011 and 2023 with the keywords "waqf bank regulation". Data analysis uses a systematic literature review (SLR). The study found that the regulation to create a waqf bank as a third sector organisation in Indonesia requires strengthening of waqf bank education, total government support, large contributions from waqf institutions of third sector organisations, the fundamental role of Islamic banking in waqf banks and services that extend without limits to waqf banks. The study implies that the better the regulation to create a waqf bank in Indonesia, the better the role of third-sector organisations in supporting regulation and education to the public.
Regulatory Factors Creating Waqf Bank the Third Sector Organizations : A Case Study in Indonesia Muhamad Fauzi; Rahmat Dahlan; Iwan Agustiawan Fuad
Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam Vol. 17 No. 2 (2024): Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam
Publisher : Badan Wakaf Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47411/al-awqaf.v17i2.292

Abstract

The development of waqf in Muslim countries has grown positively, contributing to socio-economics. Waqf, as one of the instruments of innovation, increases awareness of its value and widespread use. Banking functions as a profit institution centred on the financial sector by collecting and distributing funds to the public for the benefit of national development. The utilisation of the Banking and Waqf sectors is literally the opposite, but has great innovation for the long-term public interest. This phenomenon has given rise to civil organisations as third-sector organisations concerned with integrating the principles and benefits of the banking and waqf sectors. Unfortunately, developing countries in Indonesia, with a Muslim majority population, have high levels of generosity and religiosity, but literacy and inclusion of waqf are still low. The purpose of the study is to determine the regulatory factors that support the creation of waqf banks as third-sector organisations in Indonesia. The study uses a qualitative method with a systematic literature review. Data collection uses secondary data from international journals indexed by Scopus and SINTA published between 2011 and 2023 with the keywords "waqf bank regulation". Data analysis uses a systematic literature review (SLR). The study found that the regulation to create a waqf bank as a third sector organisation in Indonesia requires strengthening of waqf bank education, total government support, large contributions from waqf institutions of third sector organisations, the fundamental role of Islamic banking in waqf banks and services that extend without limits to waqf banks. The study implies that the better the regulation to create a waqf bank in Indonesia, the better the role of third-sector organisations in supporting regulation and education to the public.
Organisational Trust and Waqf Nazir Competence: Determinants of Waqf Core Principles Knowledge in Serang City, Indonesia Iwan Agustiawan Fuad; Ssonko Muhammedi
Journal of Multidisciplinary Science: MIKAILALSYS Vol 4 No 3 (2026): Journal of Multidisciplinary Science: MIKAILALSYS
Publisher : Darul Yasin Al Sys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/mikailalsys.v4i3.11884

Abstract

Although the Waqf Core Principles (WCP) have gained recognition as a framework for strengthening waqf governance, empirical evidence on the determinants of nazir knowledge of these principles remains limited, particularly regarding organisational trust and professional competence. This study examines the influence of organisational trust and nazir competence on WCP knowledge among waqf nazirs in Serang City, Banten, Indonesia. A quantitative research design was employed, involving 72 waqf nazirs selected through purposive sampling. Data were collected using a structured questionnaire and analysed through multiple linear regression in SPSS, following validity and reliability assessments and classical assumption tests. Partial significance tests, a simultaneous F-test, and coefficient of determination analysis were also conducted. The findings demonstrate that organisational trust has a positive and significant effect on WCP knowledge. Nazir competence also exerts a positive and significant effect and makes a greater contribution than organisational trust. Collectively, both factors significantly explain variations in WCP knowledge. This study extends the literature on waqf governance by demonstrating the strategic importance of institutional trust and professional competence in strengthening nazir capabilities. The findings underscore the need for systematic competency development and trust-based governance practices to facilitate the effective implementation of the WCP.