VOlUME 04 ISSUE 04 APRIL 2025
1Armiadi Musa, 2Khaliza Adzkia, 3Khairani Mukdin, 4Mertisa Fardesi
1,2,3,4State Islamic University of Ar-Raniry, Banda Aceh, INDONESIA
DOI : https://doi.org/10.58806/ijsshmr.2025.v4i4n08Google Scholar Download Pdf
ABSTRACT
Waqf is one of the Islamic social finance instruments with immense potential to support the economic development of the ummah through sustainable long-term assets. The concept of perpetual waqf (mu’abbad) emphasizes the principle of asset perpetuity to provide continuous benefits to society, particularly in the sectors of education, agriculture, healthcare, and social welfare. In various Islamic countries, including Indonesia, waqf has significantly contributed to poverty alleviation and the improvement of social well-being. However, its implementation in Indonesia still faces challenges, such as suboptimal management, limited public awareness, and insufficient adoption of technology.This study employs a literature review method to explore the potential of waqf in Indonesia and other Islamic countries while examining modern waqf management models implemented in developed countries such as Egypt, Turkey, and Jordan. The findings indicate that professionalized management, technological integration, and public education are crucial for maximizing waqf’s contribution as a modern economic instrument. Additionally, to optimize the benefits of waqf as a perpetual economic instrument, several modern waqf management models are proposed, including istibdal (asset substitution), investment (istismar), transforming direct waqf into productive waqf, leasing of waqf assets, waqf-based financing, and the Benefit, Opportunity, Cost, and Risk (BOCR) analysis.
KEYWORDS:Modern Waqf Management Model, Waqf Potential, Perpetual Waqf.
REFERENCES
1) Adinegoro, K. R. R. (2021). Perubahan Status Harta Benda Wakaf Berupa Tanah. Jurnal Pertanahan, 11(1).doi: 10.53686/JP.V11I1.38
2) Ahmed, Seddiki. (2023). 5. waqf instruments and their role in investing cach waqf. doi: 10.58205/mjrs.v4i1.1247
3) Ainnur, A. K., & Suryaningsih, S. A. (2023). Peran Wakaf Produktif Dalam Mendukung Kesehatan Di Masa Pandemi Pada Wakaf Mandiri Surabaya. Jurnal Ekonomika Dan Bisnis Islam, 6(2), 67-78.
4) Alnaief, M., Rissouni, K., Abdelgalil, R. I., & Almansoori, M. (2024). New Issues in Temporary Muslim Endowments (Waqf). ISRA International Journal of Islamic Finance, 16(S1), 136. doi: 10.55188/ijif.v16is1.735
5) An'im, & Maskun. (2022). Konsepsi Strategis Pengembangan Wakaf Produktif melalui Investasi Berbasis Syariah. Management of Zakat and Waqf Journal, 3(2):51-65. doi: 10.15642/mzw.2022.3.2.51-65
6) Askouri, E. (2024). The Role of Waqf in Achieving the Purposes of Islamic Law. Iqtisad: Reconstruction of Justice and Welfare for Indonesia, 11(1), 101-120., doi: 10.31942/iq.v11i1.10922
7) Badlihisham & Salleh, 2024, Wakaf bertempoh (muaqqat) satu cadangan pengiktirafan, pengukuran dan pendedahan dalam penyata kewangan, International Journal Of Advanced Research, Vol. 12, Iss: 06, pp 28-46
8) Beebee, Salma, Sairally. (2024). 8. Editorial. ISRA international journal of Islamic finance, doi: 10.55188/ijif.v16is1.778
9) BWI.go.id, (2021). Pengertian Wakaf. https://www.bwi.go.id/literasiwakaf/pengertian-wakaf/
10) Bwi.go.id. (2023). Istibdal Wakaf: Ketentuan Hukum dan Modelnya diakses pada 6 Desember 2024, pada : https://www.bwi.go.id/8549/2023/01/05/istibdal-wakaf-ketentuan-hukum-dan-modelnya/#:~:text=Istibdal%20dalam%20fikih%20wakaf%20diartikan,wakaf%20yang%20dijual%20ataupun%20berbeda.
11) Choiriyah, A. L. F., Imaduddin, M., Setyawan, F., & Prakoso, B. (2024). The Wakaf Benefits Of Sharia Shares As Productive Waqf Modernization: Comparative Study Of Indonesia And Malaysia. Pena Justisia: Media Komunikasi dan Kajian Hukum, 23(2), 1420-1434.
12) Hakim, L., & Nawawi, K. (2024). Finding Solutions to Productive Waqf Management Problems: A Case in Indonesia. International Journal of Waqf, 4(1).
13) Hakim, L., & Nawawi, K. (2024). Finding Solutions to Productive Waqf Management Problems: A Case in Indonesia. International Journal of Waqf, 4(1).
14) Hasbullah, M., Yusoff, S. H., & Zakaria, M. Z. (2019). Istibdal Harta Wakaf: Kajian Ringkas Terhadap Peranan dalam Mengembangkan Produk Wakaf: Istibdal of Waqf Property: A Brief Study on The Role of Expanding Wakaf Products. Journal of Fatwa Management and Research, 160-171.
15) Hermanto, A., & Yuhani’ah, R. (2021). Pengelolaan Shadaqah, Zakat dan Wakaf. Malang: Literasi Nusantara.
16) HN, Lita & Eidy Sandra. (2018). Perjanjian Build, Operate, And Transfer (BOT) Pada Kerjasama Pembangunan Commercial Building Diatas Tanah Wakaf. Al-Waqf: Jurnal Wakaf dan Ekonomi Islam. Volume 11 No. 1 Edisi Juni.hal 23-32
17) Intan, Farrel, Aurellia, Intan., Widya, Indrasari., Afifah, Mesha, Putri. (2024). 4. Waqf Transformation: Public Investment Opportunities for Sustainable Development. Eco-Iqtishodi : Ilmiah Ekonomi dan Keuangan Syariah, doi: 10.32670/ecoiqtishodi.v5i2.3990
18) Iskandar, Iskandar., Anis, Kurlillah., Munadiati, Munadiati. (2023). 3. Roles of Waqf in Supporting Economy Recovery Post Covid-19 Pandemic. Ziswaf: Jurnal Zakat dan Wakaf, doi: 10.21043/ziswaf.v10i1.19824
19) Jaharuddin & Radiana D, (2020a), Praktek Wakaf Produktif di Turki.Yogyakarta: Hikam Pustaka
20) Jaharuddin & Radiana D, (2020b), Praktek Wakaf Produktif di Yordania.Yogyakarta: Hikam Pustaka
21) Jaharuddin & Radiana D, (2020c), Praktek Wakaf Produktif di Mesir.Yogyakarta: Hikam Pustaka
22) Jaharuddin, J. (2020). Manajemen Wakaf Produktif, Potensi, Konsep dan Praktik. Yogyakarta : : Kaizen Sarana Edukasi
23) Khoerudin, A. N. (2018). Tujuan Dan Fungsi Wakaf Menurut Para Ulama Dan Dan Undang-Undang Di Indonesia. Tazkiyya: Jurnal Keislaman, Kemasyarakatan dan Kebudayaan, 19(02), 1-10.
24) Khusaeri, K. (2015). Wakaf produktif. Al-A’raf : Jurnal Pemikiran Islam dan Filsafat. Vol. XII, No.1, Januari-Juni
25) Lutfi, A. A., Khasanah, M. N., Agustin, E. D., Setiowati, D., Yulita, N. A., & Medias, F. Integrated Waqf Farm: A Contemporary Model for Waqf Land Development. Ulul Albab: Jurnal Studi dan Penelitian Hukum Islam, 7(2), 202-211.
26) Mardani, D. A. (2023). Wakaf dan Ekonomi Hijau: Upaya Mengurangi Perubahan Iklim dan Emisi Gas Karbon. La Zhulma| Jurnal Ekonomi Dan Bisnis Islam, 2(1), 23-34.
27) Masruroh, S., Nanggur, E., & Ngamal, U. A. (2024). Peran Wakaf dalam Pengembangan Ekonomi Berkelanjutan: Studi Kasus di Indonesia. Indo-Fintech Intellectuals: Journal of Economics and Business, 4(2), 490-500.
28) Muhammad, S., & Aji, I. P. (2024). Implementation of Productive Waqf as a Strategy Economic Empowerment of Muslims. Interdisciplinary Journal of Social Science and Education (IJSSE), 119-130.
29) Mursyidah, A. (2022). Analisis Fiqih Wakaf Kontemporer di Indonesia. JURNAL KAJIAN ISLAM MODERN, 8(02), 1-5.
30) Mustaffa, & Muda. (2014). Pengurusan Wakaf Pendidikan Di Institusi Pengajian Tinggi Malaysia: Satu Sorotan Literatur. International Journal of Management Studies. https://doi.org/10.32890/ijms.21.2.2014.10412.
31) Perdi, P. F. R., & Stianto, A. (2020). Potensi Wakaf Di Indonesia (Kontribusi Wakaf Dalam Mengurangi Kemiskinan). Malia: Jurnal Ekonomi Islam, 12(1), 79-94.)
32) Rahman et al, (2024). Proposed temporary waqf model for family waqf implementation in Malaysia. Journal of Islamic Accounting and Business Research, 15(1), 56-78., doi: 10.1108/jiabr-04-2022-0098
33) Saputri, O. B. (2022). Komparasi Implementasi Pengelolaan Wakaf Uang Sebagai Alternatif Instrumen Kebijakan Fiskal Negara. Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 7(1), 183-211.
34) Siti, Umairah., Ali, Hamdan., Siti, Mashitoh, Mahamood. (2016). 5. Aplikasi Prinsip Berkekalan Wakaf Di Institusi Pengajian Tinggi Terpilih: Perspektif Perundangan Application of Perpetuity Principle of Waqf in Some Selected Higher Educational Institutions: A Legal Perspective. doi: 10.22452/HTTP://DOI.ORG/10.22452/JSLR.VOL1NO2.5
35) Sugianto, Sugianto., Fadhel, Mohammad. (2024). 2. Waqaf Produktif: Menggerakkan Perekonomian Rakyat Menuju Ketahanan Ekonomi Berkelanjutan. Opportunity, doi: 10.55352/ojppm.v2i1.946
36) Sukmana, R., Ratnasari, R. T., Majid, R., & Mohd Shafiai, M. H. (2024). Designing waqf-based financing model for livestock project: empirical evidence from Indonesia. International Journal of Islamic and Middle Eastern Finance and Management.
37) Umar, U. H., Kademi, T. T., & Haron, M. H. (2020). Integrating WqÄ f and Business: Ensuring business sustainability for the welfare of heirs and non-heirs. International Journal of Economics, Management and Accounting, 28(1), 191-213.
38) Zulfa, U. (2012). Pembiayaan Pendidikan Berbasis Potensi Umat Analisis School Levy. Jurnal Pendidikan Islam UIN Sunan Gunung Djati, 27(2), 239-254.
VOlUME 04 Issue 04 APRIL 2025
Indexed In
