Laa Maisyir Jurnal Ekonomi Islam
Vol 9 No 1 (2022)

The Practice of Cash Based Waqf In The Indonesian Islamic Banking

Ainul Fatha Isman (Syarif Hidayatullah State Islamic University Jakarta)
Andi Suwandi Putra Suaib (PT. Permodalan Nasional Madani Makassar)



Article Info

Publish Date
22 Jun 2022

Abstract

Islamic banking is a Islamic financial institution that has obligations on the social dimension by utilizing Islamic social finance institutions is cash waqf. The purpose of this study is to analize the implementation of cash waqf in Indonesia and significance of Islamic banks in managing cash waqf and to provide a model for developing cash waqf by Islamic banks. This research is a qualitative descriptive analysis with an inductive reasoning approach through the process of content analysis and library research. The results of this study indicate Islamic banking has become part its management, but has not optimal. Islamic banks only collect funds, while the management and distribution of them become the responsibility of nazhir. The significance of Islamic banking to manage cash waqf has advantages in terms of professionalism, transparency, accountability, facilities, technology infrastructure, human resources, risk level, extensive network, easy access, and public trust. The research also formulated a cash waqf management model in the form of synergy of Islamic banking with waqf nazhir and customers. The implications of this research are so that Islamic banks regard to management mecanism of cash wqaf and it regulatory aspects to improve the optimization of cash waqf management in Indonesia and provide benefits for Islamic banks and restore the image of Islamic banks to their social functions.

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Journal Info

Abbrev

lamaisyir

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Laa Maisyir adalah jurnal ekonomi Islam yang fokus kajian tentang pemikiran ekonomi syariah yang mencakup beberapa bidang kajian seperti jual beli, sewa, gadai, bagi hasil, serta perkembangan transaksi ekonomi seperti jual beli e-commers. Sehingga jurnal ini diharapkan mampu memberikan khasanah ...