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Measuring the Efficiency of Waqf Fund in Indonesia

Journal of Islamic Monetary Economics and Finance · Vol. 8 (2022) · pp. 153–174

DOI
10.21098/jimf.v8i0.1650
ISSN
2460-6618, 2460-6146
Published
2022-12-29
Publisher
Bank Indonesia
Language
eng

Abstract

This research measures the efficiency of waqf funds managed by philanthropic institutions in Indonesia using the Data Envelopment Analysis (DEA) approach over the 2013-2021 period. The unit of analysis consists of nine philanthropic waqf institutions. In the measurement of efficiency, the study takes human resource expenses and operational costs as inputs and collection and distribution of waqf funds as outputs. The findings indicate that the efficiency of philanthropic organizations in handling waqf funds varies from year to year between 2013 and 2021. The paper also notes that the Covid pandemic has no substantial impact on the efficiency of the waqf institutions. Interestingly, regional institution clusters are more efficient than mass organization and national institution clusters. Acknowledgment The authors would like to thank the Faculty of Economics and Business, Airlangga University, Indonesia, for the support that made this study possible

Keywords

Collaboration network of the authors

40 authors · 105 co-authorship links · 12 across different organisations · showing the 40 most connected

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Bandung Institute of Technology
  • Universitas Airlangga
  • Binus University
  • IPB University
  • Universitas Ibn Khaldun Bogor
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Juliana JulianaAffiliation unknown2
Arim NasimAffiliation unknown2
Lina MarlinaAffiliation unknown2
Salman Al FarisiAffiliation unknown2
Aisyah As-SalafiyahAffiliation unknown2
Bayu Arie FiantoAffiliation unknown2
Muhammad MadyanAffiliation unknown2
Satria Fadil PersadaBinus University1
Reza Ashari NasutionBandung Institute of Technology1
Michelle FericaBandung Institute of Technology1
Prawira Fajarindra BelgiawanBandung Institute of Technology1
Lidia MayangsariBandung Institute of Technology1
Nila Armelia WindasariBandung Institute of Technology1
Al Asy Ari Adnan HakimAffiliation unknown1
Hanifiyah Yuliatul HijriahAffiliation unknown1
Himmatul KholidahAffiliation unknown1
Bani AlkausarAffiliation unknown1
Muhammad Ubaidillah Al MustofaAffiliation unknown1
Auvi Diyanati KanasibahAffiliation unknown1
Azhar AlamAffiliation unknown1
Mahafizur Rahman JimAffiliation unknown1
Nikmatus SholikahAffiliation unknown1
Mardiatunnisa MardiatunnisaAffiliation unknown1
Rida RosidaAffiliation unknown1
Neti BudiwatiAffiliation unknown1
Mohammad AzimAffiliation unknown1
Irman FirmansyahIPB University1
Solihah Sari RahayuAffiliation unknown1
Mochamad AE DunuraeniAffiliation unknown1
Budi Supriatono PurnomoAffiliation unknown1
Inomjon QudratovAffiliation unknown1
Elfina Qorina Binti AsbarunaAffiliation unknown1
Ropi MarlinaAffiliation unknown1
Muhamad Afif SholahudinAffiliation unknown1
KP PrabheeshAffiliation unknown1
Abrista DeviUniversitas Ibn Khaldun Bogor1
Luluk AfiqohAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) http://www.jimf-bi.org/index.php/JIMF/oai, first harvested 9 Nov 2026, last seen 9 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">Measuring the Efficiency of Waqf Fund in Indonesia</dc:title>
	<dc:creator xml:lang="en">Rusydiana, Aam Slamet</dc:creator>
	<dc:creator xml:lang="en">Sukmana, Raditya</dc:creator>
	<dc:creator xml:lang="en">Laila, Nisful</dc:creator>
	<dc:subject xml:lang="en">Efficiency, Waqf fund, DEA, Indonesia.</dc:subject>
	<dc:description xml:lang="en">This research measures&amp;nbsp;the efficiency of waqf funds managed by philanthropic institutions in Indonesia using the Data Envelopment Analysis (DEA) approach over the 2013-2021 period. The unit of analysis consists of nine philanthropic waqf institutions. In the measurement of efficiency, the study takes human resource expenses and operational costs as inputs and collection and distribution of waqf funds as outputs. The findings indicate that the efficiency of philanthropic organizations in handling waqf funds varies from year to year between 2013 and 2021. The paper also notes that the Covid pandemic has no substantial impact on the efficiency of the waqf institutions. Interestingly, regional institution clusters are more efficient than mass organization and national institution clusters. &amp;nbsp;
Acknowledgment
The authors would like to thank the Faculty of Economics and Business, Airlangga University, Indonesia, for the support that made this study possible</dc:description>
	<dc:publisher xml:lang="en">Bank Indonesia</dc:publisher>
	<dc:date>2022-12-29</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/1650</dc:identifier>
	<dc:identifier>10.21098/jimf.v8i0.1650</dc:identifier>
	<dc:source xml:lang="en">Journal of Islamic Monetary Economics and Finance; Vol. 8 (2022): Special Issue: Islamic Social Finance; 153-174</dc:source>
	<dc:source>2460-6618</dc:source>
	<dc:source>2460-6146</dc:source>
	<dc:source>10.21098/jimf.v8i0</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jimf-bi.org/JIMF/article/view/1650/925</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2022 Aam Slamet Rusydiana, Raditya Sukmana, Nisful Laila</dc:rights>
</oai_dc:dc>