Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges
Indonesia is a country with the largest Muslim population in the world. The potential of Islamic financial instruments for the welfare of the people grows in society, one of which is cash waqf and shares. Most Islamic scholars allow cash and shares to be used as objects of waqf. Both cash and stock...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2021
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| Online Access: | https://journals.ums.ac.id/index.php/jisel/article/view/12510 |
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| author | Nur Iman, Aldi Khusmufa Najiyah, Faridatun Asshiddiqi, Munji |
| author_facet | Nur Iman, Aldi Khusmufa Najiyah, Faridatun Asshiddiqi, Munji |
| author_sort | Nur Iman, Aldi Khusmufa |
| collection | OJS |
| description | Indonesia is a country with the largest Muslim population in the world. The potential of Islamic financial instruments for the welfare of the people grows in society, one of which is cash waqf and shares. Most Islamic scholars allow cash and shares to be used as objects of waqf. Both cash and stock endowments can be implemented into two models. Cash waqf can be implemented as mutual funds or converted into other fixed assets. Meanwhile, the implementation of share waqf can be done through corporate waqf and individual share waqf. Individual share waqf is applied with two models, namely waqf from the profit of shares and waqf in the form of per-lot Sharia shares. The purpose of this study is to determine the concepts, opportunities and challenges of share waqf in Indonesia. Based on the research, it was found that share waqf has a great opportunity in Indonesia, considering that the majority of the population is Muslim. However, the implementation of the share waqf program in Indonesia in the future face various challenges that must be resolved in order for the share waqf to develop in Indonesia. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-12510 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2021 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-12510 Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges Nur Iman, Aldi Khusmufa Najiyah, Faridatun Asshiddiqi, Munji Waqf, Cash Waqf, Share Waqf. Indonesia is a country with the largest Muslim population in the world. The potential of Islamic financial instruments for the welfare of the people grows in society, one of which is cash waqf and shares. Most Islamic scholars allow cash and shares to be used as objects of waqf. Both cash and stock endowments can be implemented into two models. Cash waqf can be implemented as mutual funds or converted into other fixed assets. Meanwhile, the implementation of share waqf can be done through corporate waqf and individual share waqf. Individual share waqf is applied with two models, namely waqf from the profit of shares and waqf in the form of per-lot Sharia shares. The purpose of this study is to determine the concepts, opportunities and challenges of share waqf in Indonesia. Based on the research, it was found that share waqf has a great opportunity in Indonesia, considering that the majority of the population is Muslim. However, the implementation of the share waqf program in Indonesia in the future face various challenges that must be resolved in order for the share waqf to develop in Indonesia. Muhammadiyah University Press 2021-01-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/jisel/article/view/12510 10.23917/jisel.v4i1.12510 Journal of Islamic Economic Laws; Vol 4, No 1: January 2021 2655-9617 2655-9609 eng https://journals.ums.ac.id/index.php/jisel/article/view/12510/6439 https://journals.ums.ac.id/index.php/jisel/article/downloadSuppFile/12510/2373 Copyright (c) 2021 Journal of Islamic Economic Laws https://creativecommons.org/licenses/by-sa/4.0 |
| spellingShingle | Waqf, Cash Waqf, Share Waqf. Nur Iman, Aldi Khusmufa Najiyah, Faridatun Asshiddiqi, Munji Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges |
| title | Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges |
| title_full | Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges |
| title_fullStr | Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges |
| title_full_unstemmed | Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges |
| title_short | Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges |
| title_sort | unfolding the possibility to develop share waqf in indonesia through the concepts opportunities challenges |
| topic | Waqf, Cash Waqf, Share Waqf. |
| topic_facet | Waqf, Cash Waqf, Share Waqf. |
| url | https://journals.ums.ac.id/index.php/jisel/article/view/12510 |
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