2021
DOI: 10.47076/jkpis.v3i2.53
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Waqf as Alternative Financing Resource for Infrastructure Development in Indonesia: Analytical Hierarchy Process Approach

Abstract: The productive Waqf can be utilized for developing infrastructure in Indonesia as this country has incredible waqf potential. However, the utilization of waqf assets has not been specified for infrastructure development, which has many benefits (maslahah) for Indonesia. This study aims to determine the main problem in utilizing Waqf for infrastructure development in Indonesia from regulatory dimension, management dimension, program dimension, and literacy dimension. The data analysis technique used in this stu… Show more

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Cited by 4 publications
(3 citation statements)
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“…In doing so, waqf can assist governments reduce the financial burden of subsidising education. As a result, waqf can operate as a mechanism that decreases reliance on government support while providing major fiscal benefits (Arif, 2012;Fawwaz et al, 2021;Kurjono et al, 2022;Hotimah & Suprayogi, 2023).…”
Section: Introductionmentioning
confidence: 99%
“…In doing so, waqf can assist governments reduce the financial burden of subsidising education. As a result, waqf can operate as a mechanism that decreases reliance on government support while providing major fiscal benefits (Arif, 2012;Fawwaz et al, 2021;Kurjono et al, 2022;Hotimah & Suprayogi, 2023).…”
Section: Introductionmentioning
confidence: 99%
“…Cash waqf is one of the muamalah activities that have spiritual, social, and economic dimensions (Said & Amiruddin, 2019), (Adirestuty et al, 2021). Cash waqf has a function for the development and empowerment of the wider community, not only a small part of the community and groups such as zakat, infaq, and alms, but also all aspects of life (Fawwaz, et al, 2021). Indonesia as a Muslim majority country, has a high awareness of sharing.…”
Section: Introductionmentioning
confidence: 99%
“…The importance of infrastructure for the growth and development of any economy cannot be overlooked. Despite the fact that the concept of waqf predates Islam, Islam created waqf institutions based on sharia norms (Islamic law) and encouraged its expansion to the point that it appears to be the basis of progress in Muslim finance (Fawwaz et al, 2021). Waqf has been widely accepted and approved as a supporting economic institution, and has undergone many adjustments in its implementation.…”
Section: Introductionmentioning
confidence: 99%