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All Journal Economica: Jurnal Ekonomi Islam Jurnal Ius Constituendum
Septiana, Yunita Dewi
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Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Empowering Higher Education Funding through Cash Waqf: A Case Study of IPB University Furqon, Ahmad; Budiman, Achmad Arief; Septiana, Yunita Dewi; Hassane, Narong; Fuadi, Nasrul Fahmi Zaki
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.20779

Abstract

This study explores the role of cash waqf as a financial source for universities, focusing on its management and impact at IPB. The institution overseeing cash waqf at IPB operates with principles of good governance, transparency, accountability, and professionalism. Fundraising is conducted both online and offline, with a consistent monthly auto-debit system from faculty and staff salaries. Additionally, IPB actively involves the community in waqf contributions. Investments of cash waqf funds occur in both financial and real sectors, including deposits and cash waqf-linked sukuk in collaboration with BWI. The allocation of cash waqf benefits is executed through direct and indirect mechanisms. Direct benefits include scholarships, community empowerment programs, infrastructure development, research funding, and social responsibility initiatives. Indirect benefits support character development, religious events, Covid-19 care programs, and educational assistance. Furthermore, IPB distributes waqf-generated resources through medical equipment donations, scholarship programs, water station installations, and burial support. These efforts highlight the strategic role of cash waqf in enhancing university sustainability, fostering social welfare, and strengthening educational institutions. The findings emphasize the significance of structured waqf management in optimizing its benefits and ensuring long-term impact within the academic and social domains.
Synergy between Badan Amil Zakat Nasional and Badan Wakaf Indonesia to Strengthen Waqf Assets in Central Java Septiana, Yunita Dewi; Nuriyyatiningrum, Mahdaniyal Hasanah; Munawaroh, Lathifah Lathifah; Nadia, Rouahna Rouahna
Jurnal Ius Constituendum Vol. 10 No. 1 (2025): FEBRUARY
Publisher : Magister Hukum Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/jic.v10i1.11542

Abstract

This research aims to analyze the synergy between Badan Amil Zakat Nasional (Baznas) and Badan Wakaf Indonesia (BWI) and to examine the obstacles and impact of synergy between both. Baznas and BWI are the two government agencies tasked with managing the muslim community assets; Baznas is tasked with collecting and utilizing zakat, while BWI is responsible for managing waqf assets. The zakat funds collected by Baznas are relatively large, but many have not been distributed. On the other hand, BWI has many waqf assets but does not have the funds to make them productive. Based on the strengths and weaknesses of each, cooperation between the two is crucial to be strengthened. This article is a qualitative research with a normative-empirical approach. The results of the research show that the synergy between the two is held in communication and coordination. The obstacles to synergy are related to funding for asset development, nazir's professionalism, lack of legalization of waqf assets. The synergy between Baznas and BWI has not had a significant impact on the development of productive waqf assets in the Central Java province. If both work together synergistically, they can generate a more beneficial and productive waqf for the ummah, as seen in the case of the Johar Market relocation and the establishment of healthcare services in the form of hospitals for the benefit of the community. This article complements the theme around the importance of synergy between waqf institutions so that the benefits of waqf and the sustainability of its management can run optimally, just as the commitment of both institutions to financial reporting is important, making nazir more professional can be achieved by providing training and establishing partnerships with other, more competent institutions.
Co-Authors Achmad Arief Budiman Ahmad Furqon Fuadi, Nasrul Fahmi Zaki Hassane, Narong Munawaroh, Lathifah Lathifah Nadia, Rouahna Rouahna Nuriyyatiningrum, Mahdaniyal Hasanah