Waqf Forest Development Strategy in Cibunian Bogor

Asep Nurimam Munandar (Ahmad Dahlan Institute of Technology and Business Jakarta, Indonesia)
Mukhaer Pakkana (Ahmad Dahlan Institute of Technology and Business Jakarta, Indonesia)
Amrizal Amrizal (Ahmad Dahlan Institute of Technology and Business Jakarta, Indonesia)

Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
Vol 14, No 2 (2022)

Indonesia has a significant waqf potential. However, its realization has not been optimal. Using the Bogor Waqf Forest Foundation as the case study, this research analyzes the implementation of the waqf forest development strategy. It assesses the priority Benefits, Opportunities, Costs, and Risks (BOCR) faced. This study uses the business model canvas (BMC) to the BOCR by mapping the nine business blocks of the canvas model. The study finds that the main priorities to strengthen the management and development of the forest waqf project are 1) nāẓir professionalism and competence in knowledge of waqf laws, 2) research and discourse development, and 3) personal approach to collecting waqf funds.