The current status of governance on Waqf sector in Indonesia

Purpose In the past, waqf was able to significantly contribute towards the ummah welfare. While the potential remains in this contemporary era, a contrast situation on waqf can be observed in many Muslim countries, including Indonesia. In Indonesia, most of existing waqf assets are not productiv...

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Main Authors:	Listiana, Lisa, Abdulmalek Yahya Alhidabi, Dawood
Format:	Conference or Workshop Item
Language:	English English
Published:	2018
Subjects:	BL Religion HB126.4 Islamic Economics
Online Access:	http://irep.iium.edu.my/70676/ http://irep.iium.edu.my/70676/ http://irep.iium.edu.my/70676/1/The%20Current%20Status%20of%20Waqf%20Sectors%20%20Governance%20in%20Indonesia.pdf http://irep.iium.edu.my/70676/7/ICRCG2018%20Program%20Latest%20Schedule%20%281%29.pdf

id	iium-70676
recordtype	eprints
spelling	iium-706762019-03-22T07:35:28Z http://irep.iium.edu.my/70676/ The current status of governance on Waqf sector in Indonesia Listiana, Lisa Abdulmalek Yahya Alhidabi, Dawood BL Religion HB126.4 Islamic Economics Purpose In the past, waqf was able to significantly contribute towards the ummah welfare. While the potential remains in this contemporary era, a contrast situation on waqf can be observed in many Muslim countries, including Indonesia. In Indonesia, most of existing waqf assets are not productive. Yet the actual collection of cash waqf is reported to be less than 1% of its perceived potential. National Planning Agency (BAPPENAS) mentioned that this situation occurred due to lack of transparency and good governance on waqf sector in Indonesia. Whereas some studies have acknowledged importance of effective governance for waqf revival, a study that elaborates the current status of governance on this sector is hardly found. The current study aims to elaborate and analyze the reality of governance of waqf sector in Indonesia. Design/methodology/approach Qualitative approach with meta-synthesis of the literatures on governance and waqf in Indonesia is employed in this study. In addition, relevant laws, regulations, published reports, and online sources are also being included. Findings According to Waqf Act 41/2004, Indonesian Waqf Board (IWB) represents the governing body of waqf sector in Indonesia. Theoretically, this body is equipped with certain authorities and resources to conduct the governance mechanism. However, in practice, lack of governance mechanism and issue on governance structure are observed. In addition, Ministry of Religious Affairs (MoRA) is also playing a role as Waqf authority in the country. Lack of explicit work clarity and segregation of duties between those two authorities is considered to cause overlap and inefficiency in governance of waqf sector in Indonesia. Hence, clear governance system of waqf sector in term of functioning (mechanism), structure, infrastructure, and composition are in need of development and implementation. Originality/value This study represents the first work that attempts to elaborate the state of governance of Waqf sector in Indonesia 2018-10-03 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/70676/1/The%20Current%20Status%20of%20Waqf%20Sectors%20%20Governance%20in%20Indonesia.pdf application/pdf en http://irep.iium.edu.my/70676/7/ICRCG2018%20Program%20Latest%20Schedule%20%281%29.pdf Listiana, Lisa and Abdulmalek Yahya Alhidabi, Dawood (2018) The current status of governance on Waqf sector in Indonesia. In: International Conference on Religion, Culture and Governance in the Contemporary World (ICRCG 2018), 3rd-4th October 2018, Kuala Lumpur. (Unpublished) http://www.iium.edu.my/events/show/icrcg2018-international-conference-on-religion-culture-and-governance-in-the-contemporary-world
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	BL Religion HB126.4 Islamic Economics
spellingShingle	BL Religion HB126.4 Islamic Economics Listiana, Lisa Abdulmalek Yahya Alhidabi, Dawood The current status of governance on Waqf sector in Indonesia
description	Purpose In the past, waqf was able to significantly contribute towards the ummah welfare. While the potential remains in this contemporary era, a contrast situation on waqf can be observed in many Muslim countries, including Indonesia. In Indonesia, most of existing waqf assets are not productive. Yet the actual collection of cash waqf is reported to be less than 1% of its perceived potential. National Planning Agency (BAPPENAS) mentioned that this situation occurred due to lack of transparency and good governance on waqf sector in Indonesia. Whereas some studies have acknowledged importance of effective governance for waqf revival, a study that elaborates the current status of governance on this sector is hardly found. The current study aims to elaborate and analyze the reality of governance of waqf sector in Indonesia. Design/methodology/approach Qualitative approach with meta-synthesis of the literatures on governance and waqf in Indonesia is employed in this study. In addition, relevant laws, regulations, published reports, and online sources are also being included. Findings According to Waqf Act 41/2004, Indonesian Waqf Board (IWB) represents the governing body of waqf sector in Indonesia. Theoretically, this body is equipped with certain authorities and resources to conduct the governance mechanism. However, in practice, lack of governance mechanism and issue on governance structure are observed. In addition, Ministry of Religious Affairs (MoRA) is also playing a role as Waqf authority in the country. Lack of explicit work clarity and segregation of duties between those two authorities is considered to cause overlap and inefficiency in governance of waqf sector in Indonesia. Hence, clear governance system of waqf sector in term of functioning (mechanism), structure, infrastructure, and composition are in need of development and implementation. Originality/value This study represents the first work that attempts to elaborate the state of governance of Waqf sector in Indonesia
format	Conference or Workshop Item
author	Listiana, Lisa Abdulmalek Yahya Alhidabi, Dawood
author_facet	Listiana, Lisa Abdulmalek Yahya Alhidabi, Dawood
author_sort	Listiana, Lisa
title	The current status of governance on Waqf sector in Indonesia
title_short	The current status of governance on Waqf sector in Indonesia
title_full	The current status of governance on Waqf sector in Indonesia
title_fullStr	The current status of governance on Waqf sector in Indonesia
title_full_unstemmed	The current status of governance on Waqf sector in Indonesia
title_sort	current status of governance on waqf sector in indonesia
publishDate	2018
url	http://irep.iium.edu.my/70676/ http://irep.iium.edu.my/70676/ http://irep.iium.edu.my/70676/1/The%20Current%20Status%20of%20Waqf%20Sectors%20%20Governance%20in%20Indonesia.pdf http://irep.iium.edu.my/70676/7/ICRCG2018%20Program%20Latest%20Schedule%20%281%29.pdf
first_indexed	2023-09-18T21:40:20Z
last_indexed	2023-09-18T21:40:20Z
_version_	1777413097504374784

The current status of governance on Waqf sector in Indonesia

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