Analysis Management Of Cash Waqf An Innovative Instrument For Economic Development (A Case Study In Indonesian Waqf Deposit)

Puji Hadiyati, Genta Wahyu Indrawan, Muhammad Iqbal, Siham Madihah


Cash waqf is one of the alternative solutions amid the inability of government in providing prosperity for Indonesian society. On the other side, the system of cash waqf return allocation need to be rejuvenated in a professional way (Affandi and Nufus 2010) . Therefore, organization of cash waqf should receive more attention to finance various social projects through empowerment in the form of productive financing (Ahmad, dan Thobieb, 2006). Beside optimizing the cash waqf system, it is also necessary to developing cash waqf distribution programs. This paper aims to analyze management of cash waqf in Indonesia and inhibiting factors organization of cash waqf. This research consists of several steps. The first, to observed the potential of cash waqf. The second is, to information through interviews of academics in sharia and members of indonesian waqf board. The last is, to formulate the strategy to develop the cash waqf. This research conducted Analytic Network Process (ANP). The methodology of this study is presented in descriptive technique and supported by some relevant literatures. The results of the study show that the problems that arise in the development of cash waqf in Indonesia are divided into 3 aspects: Government, Human Resources, and Society. By using the ANP method, it is obtained priority strategies that are considered to solve the problem of collecting money in Indonesia, consisting of the first sequence of training, nadzir certification and making as a profession, optimizing socialization to the community, reporting of waqf funds routinely and the latter providing infrastructure support to accommodate waqf institutions.

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