ASEAN Journal of Community Engagement


Waqf Fund Management through Micro Waqf Bank Program in Indonesia




Article Info

Publish Date
30 Jan 2022

Abstract

Waqf is a muamalah activity that has a very important economic and social role in Islamic history. Waqf is one of solutions to the problem of poverty and social inequality in society. The establishment of the Micro Waqf Bank initiated by the government together with the Financial Services Authority (OJK) has played an important role as one of the new Islamic microfinance institutions in financial inclusion in Indonesia. This paper will discuss how the management of waqf funds through the Islamic Waqf Bank program based on pesantren in efforts to alleviate poverty and social inequality which has become a chronic problem in Indonesia. The discussion in this paper uses the literature study method in which the writer's team looks for various sources of literature such as books, internet, journals and others. This paper confirms that the Micro Waqf Bank has an important role in the efforts to empower the economic community, especially for people who are around the boarding school but it is still necessary to make regular improvements both from the operational side of the Micro Waqf Bank and the alignment of the naming of the institution in order to avoid any misunderstanding among the community especially Muslims.

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Journal Info

Abbrev

publication:jsgs

Publisher

Subject

Economics, Econometrics & Finance Education Public Health Social Sciences Other

Description

ASEAN Journal of Community Engagement focuses on community engagement program to advance theories, research and practices related to all forms of outreach and engagement in South East Asia (ASEAN) Countries and also strengthens the collaboration between the developed and developing countries around ...