Accountability Mechanisms for Awq?f Institutions:Lessons Learnt from the History

Ihsan, Hidayatul; Eliyanora, Eliyanora; Septriani, Yossi

doi:10.4197/islec.29-1.3

Cited by 14 publications

(24 citation statements)

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“…(2019) Jalil et al. (2019) Accountability Accountability Masruki and Shafii (2013) Daud (2019) Nahar and Yaacob (2011) Yaacob and Nahar (2017) Ihsan and Septriani (2016) Ihsan et al. (2011) Ihsan et al.…”

Section: Existing Researchmentioning

confidence: 99%

Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions

Sukmana

2020

Heliyon

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In this paper, the literature on Islamic endowment funds (awqaf) was surveyed. The data suggest that banking, accountability, law, and norms constitute most of the coverage in this body of literature. The finance topic, with 35% coverage, dominated the literature, whereas history (with 6% coverage) recorded the least interest. In this sample, the second most popular theme was related to economic development (25% coverage). Also discovered was that 59% of the papers employed a normative approach, and the balance adopted an empirical approach. A direct benefit of this study is that it provides input for government policy and directions for future researchers.

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Section: Existing Researchmentioning

confidence: 99%

Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions

Sukmana

2020

Heliyon

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“…It is arguably true that accountability had underpinned the success story of waqf in the past, while its decline was attributed to the degradation of the mutawalli's accountability [16]. Accountability is indeed not only limited to financial statement [17].…”

Section: Mechanisms Of Accountabilitymentioning

confidence: 99%

Strategies and Tools for Effective Awqaf Asset Management

Ihsan¹,

Eliyanora²,

Fauzi³

et al. 2020

Proceedings of the Proceedings of the 1st International Conference on Applied Social Sciences, Business, and Humanity, ICo-ASCN

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Waqf is known to have played significant role over the years as an effective tool of poverty eradication through the provision of essential facilities and public goods for Muslim society. Unfortunately, in recent years, the vast potential of waqf has not been utilised optimally. The lack of required attention has subjected many waqf assets to abuse and neglect. Poor management and ineffective regulation among others issues greatly undermine the potential of waqf in many Muslims communities nowadays. The focus of this paper is to explore the strategies and tools to manage waqf assets effectively. In doing so, series of focus group discussions and interviews were conducted with mutawalli, waqf regulator and academicians. The findings of the study indicate that the role of effective regulation, improved waqf governance, appropriating financing instruments and continuous education is equally important as strategies in developing waqf assets. In addition, this study suggests some important mechanisms particularly accountability and risk management that are necessary for developing the right strategy for waqf administration.

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“…The existing literatures show that there have not been many studies conducted on waqf performance measurement. A study by Ihsan et al [3] revealed that performance is part of accountability, hence it should be present in managing waqf. Although the term performance seems to be product of modernity, this study found that waqf had been a subject of assessment in the past.…”

Section: Literature Reviewmentioning

confidence: 99%

A Study of Performance Measurement of Waqf Institution

Sari¹,

Ihsan²,

Handayani³

et al. 2020

Proceedings of the Proceedings of the 1st International Conference on Applied Social Sciences, Business, and Humanity, ICo-ASCN

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This study aims at exploring and assessing the performance of a waqf institution, i.e., the West Sumatra Muhammadiyah Waqf Board (BWUMSB). In doing so, this research employs dimensions of performance measurement, which encompass efficiency, social effectiveness, maqashid al-sharia , and sustainability and growth as well as the concept of ta'bidul ashli wa tashbilul manfaah. The findings show that BWUMSB does not apply any indicators to assess the performance of its institution. It is also indicated that the revenue earned from managing waqf funds are mostly allocated for administrative expenses. Moreover, although the collection of waqf funds has increased throughout the year, the nazhirs (waqf managers) tend to invest the fund into low-risk businesses, which, in turn, causes profits to be suboptimal. These imply that BWUMSB has not been efficient in managing waqf funds for programs and operational costs. On the other hand, the accumulation of funds every year indicates that BWUMSB has been effective in collecting waqf funds. From the perspective of maqashid al-sharia, the BWUMSB has been trying to be in line with Islamic law. The sustainability and growth dimension indicates that there have been some efforts made by BWUMSB to sustain its institution and the management of waqf funds. Overall, nazhir at BWUMSB strives to safeguard the waqf property and its sustainability benefits, which is suggested by the concept of ta'bidul ashli wa tasbilul manfaah.

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Accountability Mechanisms for Awq?f Institutions:Lessons Learnt from the History

Cited by 14 publications

References 0 publications

Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions

Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions

Strategies and Tools for Effective Awqaf Asset Management

A Study of Performance Measurement of Waqf Institution

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