Proceedings of the 3rd International Symposium on Religious Life, ISRL 2020, 2-5 November 2020, Bogor, Indonesia

Research Article

Cash Waqf Fundraising at Indonesian Waqf Agency (BWI)

Download714 downloads
  • @INPROCEEDINGS{10.4108/eai.2-11-2020.2305067,
        author={Fauziah  Fauziah and Umul  Hidayati},
        title={Cash Waqf Fundraising at Indonesian Waqf Agency (BWI)},
        proceedings={Proceedings of the 3rd International Symposium on Religious Life, ISRL 2020, 2-5 November 2020, Bogor, Indonesia},
        publisher={EAI},
        proceedings_a={ISRL},
        year={2021},
        month={3},
        keywords={fundraising cash-wakaf bwi},
        doi={10.4108/eai.2-11-2020.2305067}
    }
    
  • Fauziah Fauziah
    Umul Hidayati
    Year: 2021
    Cash Waqf Fundraising at Indonesian Waqf Agency (BWI)
    ISRL
    EAI
    DOI: 10.4108/eai.2-11-2020.2305067
Fauziah Fauziah1,*, Umul Hidayati2
  • 1: Research and Development Centers, Religious Community Guidance and Religious Services
  • 2: Research and Development Agencies, and Training Education, the Ministry of Religion
*Contact email: fauziahmz2606@gmail.com

Abstract

In the light of islamic financial literacy, the study aims to analyze the application of cash waqf and its supporting or inhibiting factors within the management of Indonesian waqf agency (BWI). Researchers designed a qualitative descriptive approach to contribute to the agency of knowledge of economics and social sciences. This research proves that the Indonesian waqf agency has the all opportunities to develop more for the cash faqf potential, within the fact tendency of increasing receipt for cash waqf along the periods. The supporting factor for this potential is the existence of 22 Islamic banks that appointed as ‘deposit beneficiary for Cash Waqf’ experienced in managing the application of cash waqf and supported with a range of work office available throughout Indonesia. The inhibiting factor for this potential is the lack of literacy socialization of the cash waqf instrument to the public. Many people do not know that waqf might be in the form of financial assets, and not just applicable for fixed assets only.