Optimizing Productif Waqf towards Prosperity: Evidence from PWM DIY

Authors

  • Budi Jaya Putra Universitas Ahmad Dahlan
  • Rizki Firmansyah Universitas Ahmad Dahlan

DOI:

https://doi.org/10.12928/ijiefb.v6i2.9465

Keywords:

Waqf productive, AHP, PWM DIY, Disparity

Abstract

Introduction: Indonesia is a country with a population of 273 million people, but this large population does not guarantee that the level of prosperity is high. The economic challenge facing the country, especially after Covid-19, is economic recovery in social aspects such as poverty and inequality. Yogyakarta Special Region Province contributes to quite high levels of poverty and inequality in Indonesia. Apart from the fiscal policy used by the government, there are aspects that can reduce poverty rates or reduce disparities through community movements by maximizing waqf into productive waqf.

Purpose: This research analyzes the main components and multiplier effect of productive waqf managed by PWM DIY.

Methodology: The research combines quantitative data and qualitative data. Quantitative data to provide a descriptive description of waqf management and qualitative data were taken using a sample method consisting of 32 of which there were 28 direct and indirect waqf managers and 4 representatives of DIY PWM.

Findings: PWM DIY manages 28,552 M2 waqf land where 2,560 AD2 has been established for 20 percent of educational activities from Nursery school - high school, 20 percent for social and religious activities such as mosques and business charities and 60 percent for office or association activities. Based on the AHP method, it shows that productive waqf activities managed by PWM DIY have increased two priorities, namely increased employment opportunities and increasing access to education services. Apart from that, the benefit ratio (RI) value is 1.14 and the Consistency Ratio (CR) is 0.97, which means that DIY PWM activities in managing waqf into productive waqf are consistent and have a positive impact on the beneficiaries both directly and indirectly on the community.

References

Ambrose, A. H. A. A., Hassan, M. A. G., & Hanafi, H. (2018). A proposed model for waqf financing public goods and mixed public goods in Malaysia. International Journal of Islamic and Middle Eastern Finance and Management, 11(3), 395–415.

Amymie, F. (2017). Optimalisasi pendistribusian dan pendayagunaan dana zakat dalam pelaksanaan tujuan program pembangunan berkelanjutan (SDGs). Anida (Aktualisasi Nuansa Ilmu Dakwah), 17(1), 1–18.

Asri, A., Aqbar, K., & Iskandar, A. (2020). Hukum dan urgensi wakaf tunai dalam tinjauan fikih. BUSTANUL FUQAHA: Jurnal Bidang Hukum Islam, 1(1), 79–92.

Eugenia, S., Paramita, E. D., Nurrahmah, N., & Beik, I. S. (2022). Manajemen Cash Waqf sebagai Instrumen Alternatif SDG-1 “Ending Poverty” di Indonesia. Al-Awqaf: Jurnal Wakaf Dan Ekonomi Islam, 15(1), 33–49. https://doi.org/10.47411/al-awqaf.vol15iss1.142

Indonesia, B., Indonesia, B. W., & Bank, I. R. of T. I. I. D. (2018). Core principles for effective waqf operation and supervision. Bank Indonesia.

Khalid, M. M., Yaakob, M. A. Z., Bhari, A., & Mohamed Yusof, M. F. (2019). Risk management in Waqf institutions: A preliminary study. Journal of Fatwa Management and Research, 16(2), 207–219.

Khasandy, Aisha, E., & Badrudin, R. (2019). The influence of zakat on economic growth and welfare society in Indonesia. Integrated Journal of Business and Economics, 3(1), 65–78.

Medaline, O. (2017). Kajian Teori Kesejahteraan Sosial Dalam Pelaksanaan Wakaf Atas Tanah. Al-Awqaf Jurnal Wakaf Dan Ekonomi Islam, 10(2), 142–153.

Munandar, E., Amirullah, M., & Nurochani, N. (2020). Pengaruh penyaluran dana zakat, infak dan sedekah (ZIS) dan pertumbuhan ekonomi terhadap tingkat kemiskinan. Al-Mal, 1(1), 25–38.

Prahesti, D. D., & Putri, P. P. (2018). Pemberdayaan usaha kecil dan mikro melalui dana zakat produktif. Ilmu Dakwah: Academic Journal for Homiletic Studies, 12(1), 141–160.

Puspitasari, A. W. (2017). Optimizing productive land waqf towards farmers prosperity. Journal of Indonesian Applied Economics, 6(1), 103–112.

Putra, B. J., Nasir, M. S., Lestari, Y. T., & Damayanti, L. (2023). Development of The Economic Sector Through Zakat Funds by LAZISMU: AHP Approach. Optimum: Jurnal Ekonomi Dan Pembangunan, 13(1), 83–91. https://doi.org/10.12928/optimum.v13i1.6878

Qurrata, V. A., Narmaditya, B. S., Seprillina, L., & Hussain, N. E. B. (2019). The implementation and development of productive waqf in Indonesia: Case at malang islamic hospital. Humanities and Social Sciences Reviews, 7(4), 533–537.

Rozalinda. (2020). Management Waqf Produktif Di Sumatera Barat. Al-Awqaf: Jurnal Wakaf Dan Ekonomi Islam, 9(2), 137–155. https://www.jurnal.bwi.go.id/index.php/awqaf/article/view/84

Sulaiman, M., & Zakari, M. A. (2019). Financial sustainability of state waqf institutions (SWIs) in Malaysia. Journal of Islamic Accounting and Business Research, 10(2), 236–258.

Suripto, & Subayil, L. (2020). Pengaruh Tingkat Pendidkan, Pengangguran, Pertumbuhan Ekonomi Dan Indeks Pembangunan Manusia Terhadap Kemiskinan Di D.I.Yogyakarta Priode 2010-2017. Growth: Jurnal Ilmiah Ekonomi Pembangunan, 1(2), 127–143.

Zainal, V. R. (2016). Pengelolaan Dan Pengembangan Wakaf Produktif. Al-Awqaf: Jurnal Wakaf Dan Ekonomi Islam, 9(1), 1–16.

Published

2024-03-16

Issue

Vol. 6 No. 2 (2023)

Section

Articles

License

Copyright (c) 2024 Universitas Ahmad Dahlan

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

License and Copyright Agreement

In submitting the manuscript to the journal, the authors certify that:

  • They are authorized by their co-authors to enter into these arrangements.
  • The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal. Please also carefully read Ihtifaz, Journal of Islamic Economics, Finance, and Banking Posting Your Article Policy at http://journal2.uad.ac.id/index.php/ijiefb/about/submissions#onlineSubmissions
  • That it is not under consideration for publication elsewhere,
  • That its publication has been approved by all the author(s) and by the responsible authorities “tacitly or explicitly“ of the institutes where the work has been carried out.
  • They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
  • They agree to the following license and copyright agreement.

Copyright

Authors who publish with Ihtifaz, Journal of Islamic Economics, Finance, and Banking agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.