Huda, Miftahul and Santoso, Lukman (2022) Implementation of Corporate Waqf Core Principles in the Development of Waqf in Indonesia. Academic Journal of Interdisciplinary Studies, 11 (5). pp. 114-124. ISSN 2281-4612, 2281-3993
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Abstract
The development of corporate waqf in Indonesia is relevant in creating an alternative model for the
sustainability of waqf benefits and contributing to the national economic growth. This study aims to explore
the implementation of Corporate Waqf Core Principles (CWCP), a set of sharia principles for corporate waqf
implemented in the growth of waqf in Indonesia. This study uses qualitative research with a specific focus on
comparative analysis of the advantages of waqf management at two different institutions that develop
corporate waqf, Waqf Board Foundation of Universitas Islam Indonesia (YBW UII) Yogyakarta and
Pesantren Tebuireng in Jombang. YBW UII Yogyakarta has developed productive waqf assets and immovable
objects through professional and profitable multi-company institutions, ensuring that the waqf’s results
expand and the benefits fly. Pesantren Tebuireng, on the other hand, understands the implementation of
CWCP in the framework of productive waqf administration and management by conceptualizing the
productivity of waqf assets through corporate and institutional management. The two models of waqf
management methods ensure that waqf management within the corporate institutional framework is more
productive and produces long-term outcomes and benefits. However, there are certain deviations in the
implementation of the CWCP which has not used shares as waqf assets. The development of this waqf model
in Indonesia can accelerate community economic development.
| Item Type: | Journal Article |
|---|---|
| Keyword: | Philanthropy, Nazir, Sustainability, Pesantren Tebuireng, Universitas Islam Indonesia, Istibdal Waqf, Productive Waqf |
| Subjects: | 18 LAW AND LEGAL STUDIES > 1801 Law > 180127 Mu'amalah (Islamic Commercial & Contract Law) > 18012715 al-Waqf |
| Depositing User: | Dwi Eliana Sari |
| Date Deposited: | 06 Sep 2022 04:13 |
| Last Modified: | 06 Sep 2022 04:13 |
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