Contemporary Issues of Waqf in Indonesia

Contemporary Issues of Waqf in Indonesia

Islamic economics and finance in Indonesia have recently developed rapidly. Therefore, this conceptual paper aims to find out the realization, potential, and solution of waqf fund collection in Indonesia. The method used in this research is qualitative with a study approach based on secondary data and previous research, which aims to answer the formulation of the problem, namely how the realization, potential, and solution of waqf fund collection in Indonesia. The result of this conceptual paper is that there is still a significant gap between the realization of waqf fund collection and its potential. Therefore, some solutions should be done, which include (i) The Indonesian government should intensify the socialization of Cash Waqf Linked Sukuk; (ii) The Indonesian government must continue to intensify the national cash waqf movement; (iii) There is collaboration in collecting waqf funds with Islamic financial institutions such as Islamic banking. Thus, the implication of this research is as information and reference for both academics and practitioners in the field of waqf related to the realization, potential, and collection solutions of waqf funds in Indonesia. The novelty of this conceptual paper is related to information on the condition of waqf funds in Indonesia in the 2020 period.

___

  • Afiyana, I. F., Nugroho, L., Fitrijanti, T., & Sukmadilaga, C. (2019). Tantangan pengelolaan dana zakat di indonesia dan literasi zakat. Akuntabel, 16(2), 222–229. https://doi.org/10.29264/JAKT.V16I2.6013.
  • Afoukane, M., Utami, W., & Nugroho, L. (2021). Assessing The Adaptability of Islamic Microfinance Loans to The Needs of Small Enterprises in Indonesia. Journal of Islamic Economics & Social Science (JIESS), 2(1), 9–23.
  • Akgul, Y. (2021). Sakralitas Wakaf di Negara Turki. Republika.Id. https://republika.id/posts/13957/sakralitas-wakaf-di-negara-turki.
  • Andika, Aldi, Annisa, & Iqbal. (2020). Optimalisasi Potensi ZISWaf Jadi Solusi Penanganan Covid-19.
  • Knks.Go.Id. https://knks.go.id/berita/301/optimalisasi-potensi-ziswaf-jadi-solusi-penanganan-covid-19?category=1.
  • Aziz, L. H., Malle, S., Ilham, A., Fatriansyah, A., Raya, F., Nugroho, L., Hartoto, F., Marietza, A., Haerany, M., Fatira Ak, R., Ersyafdi, I., Yuliafitri, A., Anwar, T., & Wahyudi, A. B. (2021). Akuntansi Syariah (Sebuah Tinjauan Teori Dan Praktis) (First). Penerbit Widina Bhakti Persada Bandung. www.penerbitwidina.com.
  • Handayani, R., & Hafil, M. (2020). ZISWAF Jadi Jaring Pengaman Sosial Saat Pandemi. Www.Republika.Co.Id. https://www.republika.co.id/berita/q9xfw2430/ziswaf-jadi-jaring-pengaman-sosial-saat-pandemi
  • Humas-Baznas. (2021). Masa Pandemi 2020, Penghimpunan BAZNAS Naik 30 Persen. Baznas.Go.Id. https://baznas.go.id/Press_Release/baca/Masa_Pandemi_2020,_Penghimpunan_BAZNA S_Naik_30_Persen/689
  • Imani, S., Zulfikar, M., Mahmudah, S. N., Nugroho, L., Ardana, Y., Sudarmanto, E., Ernayani, R., & Kinanti, R. A. (2022). Dasar-Dasar Ekonomi Islam. Global Eksekutif Teknologi. https://books.google.co.id/bookshl=id&lr=&id=OLaYEAAAQBAJ&oi=fnd&pg=PR1&ots=219Zylj_jx&sig=_pwjpIfx_bDxCq2FyYoEa8MD4s8&redir_esc=y#v=onepage&q&f=false
  • Karyanto, B., Aziz, L. H., Yusuf, M., Muzayyanah, M., Putra, A. R., Darussalam, A. Z., Fauziah, F., Djuanda, G., Wicaksono, G., Puspita, Y., Kusumaningrum, R., Nugroho, L., & Alfalisyado, A. (2021). Pengantar Ekonomi Syariah. In M. I. Fasa (Ed.), Widina Bhakti Persada Bandung. Widina Bhakti Persada Bandung.
  • Karyanto, B., Aziz, L. H., Yusuf, M., Muzayyanah, Putra, A. R., Darussalam, A. Z., Fauziah, Djuanda, G., Wicaksono, G., Puspita, Y., Kusumaningrum, R., Nugroho, L., & Alfalisyado. (2019). Pengantar Ekonomi Syariah (Vol. 1). Widina Bhakti Persada Bandung.
  • Kusnandar, V. B. (2021a). Persentase Populasi Muslim Indonesia Posisi 35 Dunia. Databoks.Katadata.Co.Id. https://databoks.katadata.co.id/datapublish/2021/11/03/persentase-populasi-muslim-indonesia-posisi-35-dunia
  • Kusnandar, V. B. (2021b). Sebanyak 86,88% Penduduk Indonesia Beragama Islam. Databoks.Katadata.Co.Id. https://databoks.katadata.co.id/datapublish/2021/09/30/sebanyak-8688-penduduk-indonesia-beragama-islam.
  • Kusnandar, V. B. (2022). Sebanyak 115 Juta Masyarakat Indonesia Menuju Kelas Menengah. Databoks.Katadata.Co.Id. https://databoks.katadata.co.id/datapublish/2022/09/14/sebanyak-115-juta-masyarakat-indonesia-menuju-kelas-menengah.
  • Lidwina, A. (2019). Indonesia Peringkat 1 Dunia dalam Pengembangan Keuangan Syariah. Databoks.Katadata.Co.Id. https://databoks.katadata.co.id/datapublish/2019/11/07/indonesia-peringkat-satu-dunia-dalam-pengembangan-keuangan-syariah.
  • Napitupulu, D., Nugroho, L., Fauzi, A., Permana, S. D. H., Lutfiyana, N., Setyawati, I., Bahri, A. S., Samosir, R. S., Ananto, P. D., Tallo, A. J., & Nisa, B. (2020). Mudah Membuat Skripsi/Tesis (Pertama). CV. Penerbit Qiara Media.
  • Nugroho, L, Badawi, A., & Hidayah, N. (2020). The Contribution of Sukuk Placement and Securities to The Islamic Bank Profitability. Tazkia Islamic Finance and Business Review, 13(2), 175–192. http://tifbr-tazkia.org/index.php/TIFBR/article/view/184.
  • Nugroho, Lucky. (2015). Islamics Principles versus green microfinance. European Journal of Islamic Finance, 3, 1–10. http://www.ojs.unito.it/index.php/EJIF.
  • Nugroho, Lucky. (2022a). The Concept of Accounting in Islamic Bank (Indonesia Empirical Cases). In N. M. Alsharari (Ed.), Banking and Accounting Issues (pp. 27–40). IntechOpen. https://books.google.co.id/books?hl=en&lr=&id=YimIEAAAQBAJ&oi=fnd&pg=PA27&ots=7vnWxQuFGe&sig=Qu03j8-CfTXC30-nmQn19p9y9oM&redir_esc=y#v=onepage&q&f=false.
  • Nugroho, Lucky. (2022b). The Relationship between Maqasid Sharia and Profitability in Islamic Banking Industries Performance. Sosyoekonomi, 30(53), 243–259. https://doi.org/10.17233/sosyoekonomi.2022.03.13.
  • Nugroho, Lucky, Badawi, A., & Hidayah, N. (2019). Discourses of sustainable finance implementation in Islamic bank (Cases studies in Bank Mandiri Syariah 2018). International Journal of Financial Research, 10(6), 108–117. https://doi.org/10.5430/ijfr.v10n6p108.
  • Nugroho, Lucky, Badawi, A., Hidayah, N., & Ahmad, N. H. (2020). Snapshot in Customer Deposit of Islamic Bank Religion, Age, and Gender as The Reflection of Pancasila Five Principles of Indonesia Nation. Journal of Research in Business, 5(1), 74–95. https://doi.org/10.35333/JRB.2020.177.
  • Nugroho, Lucky, Ghazali, A., Dadan Suganda, A., Ode Angga, L., Anshary Hamid Labetubun, M., Ihwanudin, N., Haerany, A., Anwar, S., Hartono, R., & Anwar, A. (2020). Pengantar Perbankan Syariah (U. Saripudin (ed.)). Widina Bhakti Persada Bandung. www.penerbitwidina.com
  • Nugroho, Lucky, Hidayah, N., Badawi, A., & Mastur, A. A. (2020). The urgency of Leadership in Islamic Banking Industries Performance. The 1st Annual Conference Economics, Business, and Social Sciences, 1–7. https://doi.org/10.4108/eai.26-3-2019.2290681.
  • Nugroho, Lucky, & Mariyanti, T. (2021). Discourses of Islamic Performance Ratio Based on Tawhid String Relationship. Journal of Islamic Economics & Social Science (JIESS), 2(1), 44–52.
  • Nugroho, Lucky, Mastur, A. A., Harnovinsah, & Aryanti, W. (2020). The Contribution of Islamic Bank in Poverty Alleviation. Al-Ahkam Jurnal Pemikiran Hukum Islam, 30(1), 19–38.
  • Nugroho, Lucky, Meiwanto Doktoralina, C., Indriawati, F., Safira, S., & Yahaya, S. (2020). Microeconomics and Tawhid String Relation Concept (TSR). International Journal of Economics and Business Administration (IJEBA), 8(3), 293–306. https://doi.org/10.35808/ijeba/516.
  • Nugroho, Lucky, Melzatia, S., Indriawati, F., Nurhasanah, & Safira. (2022). Lembaga Keuangan Syariah Dari Konsep Ke Praktik. Widina Bhakti Persada. https://books.google.co.id/books?hl=id&lr=&id=w4uREAAAQBAJ&oi=fnd&pg=PA1&dq=lembaga+keuangan+syariah+lucky+nugroho&ots=dSE5svHCP1&sig=hiw4hz4gCuy36MeoY4fAtGZaerA&redir_esc=y#v=onepage&q=lembaga keuangan syariah lucky nugroho&f=false
  • Nugroho, Lucky, Nugraha, E., & Badawi, A. (2020). Sustainable Finance Portfolio Analysis in Islamic Bank (Segment Perspective). International Journal of Commerce and Finance, 6(2), 226–240.
  • Nugroho, Lucky, Utami, W., Akbar, T., & Arafah, W. (2017). The Challenges of Microfinance Institutions in Empowering Micro and Small Entrepreneur to Implementating Green Activity. International Journal of Energy Economics and Policy, 7(3), 66–73. http:www.econjournals.com
  • Nugroho, Lucky, Utami, W., & Sugiarti, D. (2023). Tawhid String Relation and Itsar Concept of Islamic Bank in Covid-19 Pandemic on Value Creation Perspective (Indonesia Evidence). Bil Turk: Journal of Economics and Related Studies, 5(1), 1–18. https://doi.org/10.47103/bilturk.1174770.1.
  • Nugroho, Lucky, Villaroel, W., & Utami, W. (2018). The Challenges of Bad Debt Monitoring Practices in Islamic Micro Banking. European Journal of Islamic Finance, 11, 1–11. http://www.ojs.unito.it/index.php/EJIF.
  • Oktris, L., Tarmidi, D., Nugroho, L., Anasta, L., & Fadjareni, A. (2022). Tips & Trik Cara Praktis Menyusun Skripsi dan Tesis (Pertama). Pustaka Pranala.
  • Priyambodo, A. G., Nugroho, L., & Sugiarti, D. (2023). Kajian Penghimpunan Zakat Profesi (Studi Kasus Badan Amil Zakat Nasional Provinsi Kalimantan Timur). Trending: Jurnal Manajemen Dan Ekonomi, 1(1), 20–28.
  • Sani, M. R. (2021). Wamenag: Gerakan ZISWAF Bantu Warga Terdampak Pandemi. Kemenag.Go.Id. https://kemenag.go.id/read/wamenag-gerakan-ziswaf-bantu-warga-terdampak-pandemi.
  • Satibi, E., Utami, W., & Nugroho, L. (2018). a Comparison of Sharia Banks and Conventional Banks in Terms of Efficiency, Asset Quality and Stability in Indonesia for the Period 2008-2016. International Journal of Commerce and Finance, 4(January), 134–149.
  • Shenton, A. K. (2004). Strategies for ensuring trustworthiness in qualitative research projects. Education for Information, 22, 63–75.
  • Soeharjoto, Tribudhi, D. A., & Nugroho, L. (2019). Fintech Di Era Digital Untuk Meningkatkan Kinerja ZIS di Indonesia. Jurnal Ilmiah Ekonomi Islam, 5(03), 137–144.
  • Sukmadilaga, C., Puspitasari, E., Yunita, D., Nugroho, L., & Ghani, E. K. (2021). Priority Factor Analysis on Cash Waqf Linked Sukuk (CWLS) Utilization in Indonesian Shariah Capital Market. Academy of Accounting and Financial Studies Journal, 25(5), 1–14.
  • Utami, W., Chairunisa, M., Nugroho, L., & Ali, A. J. (2022). Knowledge for Investment in Islamic Capital Market and Islamic Stocks for The Young Generation to Mitigate Fraudulent Investment. JMM (Jurnal Masyarakat Mandiri), 6(4), 1–8.
  • Vidyaningrum, C. N., Nugroho, L., & Sugiarti, D. (2023). Analisa Tingkat Literasi Keuangan Syariah Masyarakat Desa (Studi Kasus Desa Karangrejek, Wonosari, Gunungkidul). Trending: Jurnal Manajemen Dan Ekonomi, 1(1), 156–164.
  • Zainuddin, A., Nugroho, L., & Sugiarti, D. (2022). Analisis Program Penggunaan Dana KOIN NU Lazisnu untuk Kepedulian Sosial Masyarakat (Studi Kasus di Desa Tondumulyo). Jurnal Cakrawala Ilmiah, 2(3), 1029–1036.