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Waqf Fundraising Management: A Proposal for a Sustainable Finance of the Waqf Institutions

Journal of Islamic Monetary Economics and Finance · Vol. 3 (2018) · hlm. 153–178

DOI
10.21098/jimf.v3i0.776
ISSN
2460-6618, 2460-6146
Terbit
2018-05-31
Penerbit
Bank Indonesia
Bahasa
eng

Abstrak

This paper studies the theoretical structure of financing for Islamic philanthropy in the form of waqf or endowment by looking at the past and present forms of waqf. Waqf is expected to play a more important role to tackle current social and educational issues, where financial sustainability has become one of the greatest challenges faced by waqf institutions. Using the content and thematic analysis approaches, this paper reviews the practice of successful waqf institutions and summarizes the features that are significant to a successful waqf fundraising and management. The paper analyses three models that are suitable for innovation and management of waqf fundraising: Venture Philanthropy of Waqf Model (VPWM), Value-Based Capital Model of Waqf (VBCM), and Social Enterprise Waqf Fund Model (SEWF). The paper then investigates the possibility of applying the Management by Objectives (MBO) framework to improve the overall management of waqf institutions. The discussions are hoped to be able to contribute towards developing a better fundraising and management of waqf institutions.

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12 penulis · 27 tautan kepenulisan bersama · 10 lintas organisasi

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  • International Islamic University Malaysia
  • Universiti Teknologi MARA
  • Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan
  • University of Malaya
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Rekan penulisOrganisasiArtikel bersama
Qurroh AyuniyyahInternational Islamic University Malaysia2
Ataul Huq PramanikInternational Islamic University Malaysia2
Hendri Hermawan AdinugrahaUniversitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan1
S. Salahudin SuyurnoAfiliasi tidak diketahui1
Muhammad Safwan HarunUniversity of Malaya1
Md Azzaat Ahsanie LokmanUniversiti Teknologi MARA1
Muaz Mohd NoorUniversiti Teknologi MARA1
Nurin Sofiya Mohamad NadzliUniversiti Teknologi MARA1

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Sumber metadata: OAI-PMH (metadata jurnal) http://www.jimf-bi.org/index.php/JIMF/oai, pertama di-harvest 9 Nov 2026, terakhir terlihat 9 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">Waqf Fundraising Management: A Proposal for a Sustainable Finance of the Waqf Institutions</dc:title>
	<dc:creator xml:lang="en">Shulthoni, Muhammad</dc:creator>
	<dc:creator xml:lang="en">Saad, Norma Md</dc:creator>
	<dc:creator xml:lang="en">Kayadibi, Saim</dc:creator>
	<dc:creator xml:lang="en">Ariffin, Muhammad Irwan</dc:creator>
	<dc:subject xml:lang="en">Waqf Fundraising</dc:subject>
	<dc:subject xml:lang="en">Management</dc:subject>
	<dc:subject xml:lang="en">Financing Models</dc:subject>
	<dc:subject xml:lang="en">Waqf Institutions</dc:subject>
	<dc:description xml:lang="en">This paper studies the theoretical structure of financing for Islamic philanthropy in the form of waqf or endowment by looking at the past and present forms of waqf. Waqf is expected to play a more important role to tackle current social and educational issues, where financial sustainability has become one of the greatest challenges faced by waqf institutions. Using the content and thematic analysis approaches, this paper reviews the practice of successful waqf institutions and summarizes the features that are significant to a successful waqf fundraising and management. The paper analyses three models that are suitable for innovation and management of waqf fundraising: Venture Philanthropy of Waqf Model (VPWM), Value-Based Capital Model of Waqf (VBCM), and Social Enterprise Waqf Fund Model (SEWF). The paper then investigates the possibility of applying the Management by Objectives (MBO) framework to improve the overall management of waqf institutions. The discussions are hoped to be able to contribute towards developing a better fundraising and management of waqf institutions.</dc:description>
	<dc:publisher xml:lang="en">Bank Indonesia</dc:publisher>
	<dc:date>2018-05-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://jimf-bi.org/JIMF/article/view/776</dc:identifier>
	<dc:identifier>10.21098/jimf.v3i0.776</dc:identifier>
	<dc:source xml:lang="en">Journal of Islamic Monetary Economics and Finance; Vol. 3 (2018): SPECIAL ISSUE; 153 - 178</dc:source>
	<dc:source>2460-6618</dc:source>
	<dc:source>2460-6146</dc:source>
	<dc:source>10.21098/jimf.v3i0</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jimf-bi.org/JIMF/article/view/776/715</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2018 Muhammad Shulthoni, Norma Md Saad, Saim Kayadibi, Muhammad Irwan Ariffin</dc:rights>
</oai_dc:dc>