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Analysis of Cash Waqf Endowment Fund as a Sharia Investment in Indonesia and Saudi Arabia Asri Noer Rahmi; Syurmita Syurmita; Ade Wirman; Weni Hawariyuni; Heri Sudarsono
Islamiconomic : Jurnal Ekonomi Islam Vol 16, No 2 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i2.1351

Abstract

This study examines the role of cash waqf endowment funds as an Islamic investment instrument, with a comparative focus on LAZ Al-Azhar Indonesia and waqf institutions in Saudi Arabia. Cash waqf represents an innovative model of sustainable Islamic finance that integrates Sharia-compliant investment principles with broader socio-economic development objectives. This research aims to analyze the contribution of cash waqf investment funds to socio-economic outcomes, particularly income enhancement, healthcare improvement, and educational development. While also assessing their financial sustainability. Using a qualitative-descriptive and comparative approach based on financial reports and institutional data from 2022 to 2024, the findings indicate a significant increase in the implementation of productive waqf during the observed period. The results demonstrate that cash waqf funds have contributed positively to social welfare indicators, including poverty alleviation, hunger reduction, improved access to education, and the promotion of decent work opportunities. Furthermore, the integration of digital financial technology has enhanced efficiency and transparency in the collection and management of cash waqf, while simultaneously lowering entry barriers for waqif participation. The study also finds that the financial management of cash waqf institutions, particularly LAZ Al-Azhar Indonesia, reflects a high level of transparency and accountability, thereby strengthening institutional trust and sustainability. These findings highlight the strategic potential of cash waqf as a viable instrument for advancing inclusive and sustainable development within the framework of Islamic economics.
ANALYSIS ACCOUNTABILITY OF CASH WAQF MANAGEMENT AT AL AZHAR INDONESIA Asri Noer Rahmi; Lufthia Sevriana; Muhamad Emil Rachman; Rayan Asa Luminaries
AGROTEKSOS, Jurnal Ilmiah Ilmu Pertanian Vol 36 No 1 (2026): Jurnal Agroteksos April 2026
Publisher : Fakultas Pertanian Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/agroteksos.v36i1.1687

Abstract

This research aims to analyze the accountability management of cash waqf at Al Azhar Indonesia, with a focus on the management of waqf funds. Cash Waqf has become a important source of funding in the administration of cash waqf at Al Azhar. The research method employed includes document analysis and interviews with relevant parties. A brief overview of cash waqf collection management and analysis is presented. Firstly, it outlines the strategies for collecting cash waqf funds, including marketing, communication, and approaches used to encourage community participation in cash waqf. Transparency and accountability are also highly important in cash waqf collection management, including clear reporting on the utilization of waqf funds to donors or waqifs. However, this research also identifies several challenges, such as expanding the donor base, enhancing public understanding of cash waqf, and efforts to maintain waqf funds to ensure sustainability. Therefore, this research provides recommendations to enhance cash waqf collection management, including more effective communication strategies and the development of educational programs on cash waqf. This research is expected to provide valuable insights for practitioners and stakeholders in their efforts to improve cash waqf collection at Al Azhar Waqf and other waqf institutions, thereby supporting social development and the sustainability of waqf funding sources.