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Hasna Luthfi
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INDONESIA
Islamic Social Finance
Published by Smart Insights
ISSN : -     EISSN : 29853257     DOI : -
Review on Islamic Accounting adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam. Review on Islamic Accounting terbit dua (2) kali dalam 1 tahun.
Articles 36 Documents
Islamic Securities Crowdfunding: A Bibliometric Analysis Zidan, Muhamad; Irfany, Mohammad Iqbal
Islamic Social Finance Vol. 3 No. 2 (2023): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v3i2.311

Abstract

Research focuses on Islamic Securities Crowdfunding topic by using a bibliometric analysis approach. In this study, 81 Scopus-indexed journal articles were analyzed to measure scientific performance in this domain. The bibliometric analysis process includes identifying the research background and determining key indicators. The results of this analysis visualized the author network, country of origin, related institutions, and keyword trends. Malaysia was identified as the dominant country in the research of Islamic Securities Crowdfunding, demonstrating its significant role. There are at least 6 (six) research clusters related to this topic. The findings provide a deeper understanding of the contribution of researchers, the role of countries, and institutions in this sub-ecosystem, providing a basis for future strategy development, especially regarding blockchain technology.
Waqf Development Model for SDG-16 (Peace, Justice and Strong Institutions) Rusydiana, Aam Slamet; Sukmana, Raditya; Laila, Nisful
Islamic Social Finance Vol. 3 No. 2 (2023): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v3i2.318

Abstract

Waqf-based development is in line with the goals of the SDGs. Waqf institutions play an important role in actualizing the SDGs targets including point 16 which is peace, justice and strong institutions. This study aims to design and propose a waqf model for SDGs point 16 peace, justice, and strong institutions in the world by combining the concept of waqf with the activities of related institutions. This research proposes that the best waqf-SDGs model for point 16 is the integrated Waqf & ZIS model. This model is a type of waqf that is social in nature, where waqf is collaborated with ZIS instruments. So that the utilization of this instrument is suitable for social purposes. The implementation of the waqf models that have been proposed with their respective priorities can potentially become an Islamic social fund instrument that participates in supporting the SDGs to ensure that all humans can enjoy a prosperous life and advance economically, socially, and technologically in harmony with nature.
The Implementation of Maqasid Shariah in Zakat Studies Firdausi, Shabrina Kasyifa
Islamic Social Finance Vol. 3 No. 2 (2023): Islamic Social Finance
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v3i2.334

Abstract

This research aims to find out how much research on maqasid sharia and its coverage based on journals published with the theme "Maqasid Zakat". This research uses various scientific journals as data sources. By using keywords to find publications in the Dimensions database with the phrase "Maqasid Zakat". There are 132 journal articles from that have been published which is in line with the topic. Trends in publication development were used to analyze information relating to the study's subject using the bibliometric-displaying software VOSviewer by using meta-analysis technique. From the bibliometric authors mapping the author who did the most publications related to the theme "Maqasid Zakat" was Ab Rahman, Azman. There are several keywords that are classified into four clusters. In the first cluster there are 12 words that can be grouped into the theme "Sustainable Development and Poverty Alleviation". In the second cluster there are 11 words that are grouped into the theme "The Use of Zakat to Achieve Maqasid Sharia Objectives". The third cluster has 8 words related to the theme "Islamic Law and The Obligations of Muslims". The last is cluster four which consists of 1 words related to the theme "Maqasid Shariah".
Assessing the Efficiency of Waqf Institutions in Indonesia: A Non-Parametric Approach Maulida, Syahdatul; Mi'raj, Denizar Abdurrahman
Islamic Social Finance Vol. 3 No. 2 (2023): Islamic Social Finance
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v3i2.364

Abstract

Maintaining waqf performance is important to ensure that waqf assets are well managed. The effectiveness and efficiency of waqf asset management is crucial so that progress can be measured. This study aims to evaluate the efficiency of waqf institutions in Indonesia during the 2015-2021 period using the non-parametric Data Envelopment Analysis (DEA) approach. The research object includes six waqf institutions in Indonesia, with data obtained from the annual reports of each institution. The results show that during the observation period, no waqf institution has managed to achieve the optimum efficiency score. In addition, the efficiency trend of waqf institutions shows a downward trend, especially during the Covid-19 pandemic. Through potential improvement analysis, this study succeeded in identifying the main factors causing the inefficiency of waqf institutions. In particular, output variables such as waqf fund receipts and disbursements become the main focal points for efficiency improvement.
Prioritizing Waqf Core Principles (WCP) Criteria Mujahidah, Anisa Syahidah
Islamic Social Finance Vol. 3 No. 2 (2023): Islamic Social Finance
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v3i2.368

Abstract

A waqf institution is a social organization that acts as an intermediary between wakif and mauquf alaih or people who are entitled to receive waqf benefits. The waqf core principle (WCP) is a starting point as a framework and best practice standard for waqf-based governance. The waqf core principle is intended to improve the quality of waqf students by identifying these weaknesses in supervision and regulation. This study tries to prioritize the WCP principles and also the important criteria from each level using the Analytica Hierarchy Process (AHP). There are five core principles in this WCP, which consist of: the legal basis, waqf supervision, good, and correct Nazir governance, risk management, and the application of sharia principles in governance. Of these principles, the main priority is the application of sharia principles in waqf governance. The recommendation for waqf practitioners or managers is to apply this WCP optimally, according to the priority level according to the results of this study.
Mosque-Based Integrated Community Empowerment Model bin Mislan Cokrohadisumarto, Widiyanto; Sari, Yuli Indah
Islamic Social Finance Vol. 4 No. 1 (2024): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v4i1.372

Abstract

This study aims to develop Indonesia's mosque-based integrated community empowerment model.  The model collaboration defined the mosque as a place of productive empowerment to overcome poverty in Indonesia. This study used a qualitative approach that began with a literature study to get research direction and then continued with FGD activities with (1) takmir or administrator of the mosque from the Indonesian Mosque Council or Dewan Masjid Indonesia (DMI), (2) managers of the Amil Zakat Infaq and Sadaqah Insititute or Lembaga Amal, Zakat, Infaq, dan Sedekah (LAZIS), (3) religious leaders or ulama, and (4) academician (who have expertise in Islamic economics and finance, management, and information technology). Based on the study, a model that optimally empowers mosque-based communities (to help solve poverty problems in society around the mosque), it is necessary to have integrated the mosque involvement from many parties such as government, DMI, Aghniya, LAZIS, religious leaders, universities, and mosque. This research makes a valuable contribution by employing a holistic and integrated approach to address poverty-related issues while simultaneously strengthening the role of mosques as productive empowerment centres. It combines elements of Islamic economics, management, and information technology.
Waqf Implementation in Supporting SDGs-6 (Clean Water and Sanitation) at Salman Waqf Institution in Indonesia Hisyam, Muhammad Ilham; Marwini
Islamic Social Finance Vol. 4 No. 1 (2024): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v4i1.481

Abstract

This research is motivated by the problems listed in the sixth Sustainable Development Goal (SDGs-6), namely related to the fulfillment of clean water and proper sanitation which is expected to be achieved by 2030, however this goal has not been achieved optimally until now. Beside that, the development of waqf in Indonesia has potential and contributes to addressing various socio-economic problems, including the provision of clean water and proper sanitation infrastructures. Salman Waqf Institution is one of the Waqf Institutions that is committed to overcome clean water and sanitation problems, both in Bandung city and other areas. This study aims to describe the form of waqf implementation in the provision of Clean Water and Proper Sanitation at Salman Waqf Institution and to review the SDGs-6 indicator targets from this implementation practice. This study used a qualitative method of field research with the case study of waqf institutions. Then analyzed descriptively using the Miles and Huberman models with the help of the NVivo 12 application. The results showed that there were several forms of implementation of waqf in support of SDGs-6, (1) Drinking Water Machines, (2) Drilling Wells (3) Toilet Washing Facilities (MCK), and (4) Piping. Then, it was also support for the global target 6.1 through the Ready-to-Drink Water Machine program, as well as the global target 6.2 through the MCK supply program, Clean Healthy Habits (PHBS) socialization, and providing convenience to vulnerable communities in accessing proper hygiene sanitation. With a strong institutional and partnership system, efforts to support SDGs-6 can be maximized so that the existing indicator targets can be achieved in 2030.
Strategy of Productive Waqf Utilization as a Medium for Food Security in Indonesia: An AHP Approach Alam, El-Islam Purnama; Juliana; Rosida, Rida
Islamic Social Finance Vol. 4 No. 1 (2024): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v4i1.482

Abstract

This study aims to determine the problems that exist in the use of waqf as a medium for food security in Indonesia and the priority solutions for the use of productive waqf as a medium for food security in Indonesia in terms of institutional, infrastructure, financial, community and government aspects. this is the Analytical Hierarchy Process (AHP). This study used seven expert respondents representing academics, practitioners and regulators who were asked to assess the problems and solutions for the use of productive waqf as a medium for food security in Indonesia. Based on the opinion of respondents, the biggest problem in the use of productive waqf as a medium for food security in Indonesia is the lack of socialization to the public regarding productive waqf as a medium for food security. The priority solutions in this research are waqf institutions and the government need to collaborate in implementing productive waqf utilization as a medium for food security in Indonesia. Furthermore, in general the aspect that is considered the most problematic is the government aspect, while the priority for solutions is the institutional aspect. Therefore, in the use of productive waqf as a medium for food security in Indonesia, the public needs to increase their understanding of productive waqf as a medium for food security, the government needs to collaborate with waqf institutions and farmer groups as well as waqf institutions need to improve their professionalism.
Wakaf Collection and Management Strategy at Al Ruhamaa' Bogor Wakaf Institution Al Muharram, Muhammad Shiddiq; Beik, Irfan Syauqi; Irfany, Mohammad Iqbal; Haq, Daffa Aqomal
Islamic Social Finance Vol. 4 No. 1 (2024): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v4i1.486

Abstract

History has recorded that the use of waqf in the golden age of Islam was able to drive the country's economy well. Therefore, a waqf management scheme is needed that has an optimal impact on people's welfare. This study aims to identify aspects of strengths, weaknesses, opportunities, threats, and strategic priorities in the collection and management of waqf at Al Ruhamaa' Waqf Institution. The method used in this study is the Analytical Network Process (ANP) with the Strength-Weakness-Opportunity-Threat (SWOT) network. The results of this study indicate that avoiding aspects of weakness is a top priority in collecting and managing waqf at Al Ruhamaa' Waqf Institution. The most influential aspects of strengths, weaknesses, opportunities and threats, namely having institutional legality, branding and marketing that are not optimal, the potential for large waqf, and the trust of different waqif candidates. The most priority strategy to implement is promoting the waqf program through the latest marketing channels.
Criticisms The Government's Role of Zakat Regulation in Indonesia for Improving the Zakat Potential Mu’adzah, Nadiyah; Rachmad, Dedy
Islamic Social Finance Vol. 4 No. 1 (2024): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/isf.v4i1.497

Abstract

This research was conducted to determine previous research trends regarding zakat regulation as well as the sentiment from these studies regarding the policy and implementation of zakat regulations in Indonesia. The methodology used in this research is a qualitative method with descriptive statistics on secondary data from 151 literature studies related to zakat regulation published and available on Dimensions.ai over a period of 7 years (2017-2023). The data analysis techniques used are meta-analysis and sentiment analysis which are processed using Microsoft Excel 2019 and SentiStrength software. Then, to reveal this problem in depth and comprehensively, a Systematic Literature Review (SLR) study was also carried out. The research results show that the publication of scientific literature regarding zakat regulation in Indonesia continues to increase every year, indicating that this field is quite interesting to discuss for researchers and has extensive research space and continues to develop. This study can be used as a reference in identifying influential authors, articles and journals so that future researchers will find it easier to find references that have a big influence on the development of literature on zakat regulation in Indonesia. Apart from that, by knowing what things were criticized from the negative perceptions of previous researchers regarding the policy and practical application of zakat regulation in Indonesia, it is hoped that this research can become evaluation material for regulators and policy makers to revitalize existing regulations to realize their potential.

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