Analysis of cash waqf development in Indonesia using Interpretive Structural Modeling (ISM)

Aam Slamet Rusydiana

doi:10.20885/jielariba.vol4.iss1.art1

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February 4, 2018

Accepted

March 14, 2018

Published

June 30, 2018

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Abstract

This study aims to identify the main factors that were obstacles to develop the implementation of cash waqf in Indonesia using Interpretive Structural Modeling (ISM) method. ISM is an advanced design methodology used to identify, to analyze, and to summarize different relationship among factors that elucidate a problem, model or issue. The development of cash waqf in Indonesia with ISM framework is divided into three criteria: (1) Challenges (aspects) faced in developing cash waqf, (2) Strategy or foundation required within the framework of developing cash waqf, and (3) Stakeholders or actors involved in the development of the cash waqf. The result shows that the core problems and challenges faced in the development of cash waqf institution are: System aspect, product, regulation and information technology. The core strategies or foundations that are needed in a framework of cash waqf development are Transparency and accountability of waqf institutions, Quality development of nadzir, and Innovative marketing strategy from waqf institution.

Keywords

Cash Waqf Management ISM Indonesia Waqf

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Rusydiana, A. S. (2018). Analysis of cash waqf development in Indonesia using Interpretive Structural Modeling (ISM). Journal of Islamic Economics Lariba, 4(1), 1–11. https://doi.org/10.20885/jielariba.vol4.iss1.art1

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References

Affandi, Ahmad & Diah Nurhayati Nufus. (2010) .Analysis on Cash Waqf Return Fund Allocation in Indonesia Waqf Deposit. Seventh International Conference : The Tawhidi Epistemology: Zakat and Waqf Economy.
Ahmad, M., and Hassan, Y.B. (2015), ”Funding the Sub-saharan African education sector with waqf: Experiences from al-Azhar university and selected universities in Malaysia”, Journal of Creative Writing, Vol. 1, Issue 2, pp. 40-54.
al-Arnaut, Muwafiq, 2000. Daur al-Waqf fî al-Mujtama’ ât al-Islâmiyah, Damaskus: Dâr al-Fikr.
Alias, N.A.B., Rozali, E.A., and Sidek, R.S.M. (2015), “The history of waqf fund development at hospital Fatih, Istanbul (1470-1481M)”, Proceedings of The 6th International Symposium on Islam, Civilization and Science, 29-30 September 2015, UKM Malaysia.
Ascarya, Widyo G, Widodo C, Enny A., dan Ferry S. (2012), Strategi Meningkatkan Preferensi Perbankan Syariah Indonesia Dalam Menggunakan Pembiayaan Bagi- Hasil. Jakarta: Central Banking Education and Studies Department, Bank Indonesia.
Aziz, M.R.A., Johari, F., and Sabri, H. (2013), “Assessment on the willingness among public in contributing for social Islamic waqf bank for education”, Australian Journal of Basic and Applied Sciences, Vol. 7, No. 13, pp. 172-176.
Aziz, M.R.A., Yusof, M.A., Johari, F., Ramli, A., and Sabri, H. (2014), “The relief of higher education loan through Islamic waqf bank”, Asian Social Science, Vol. 10, No. 22, pp. 175-181.
Bahroni, I. (2012), “Streamlining education institution through waqf enlargement: An experience of Gontor system”, Jurnal At-Ta’dib, Vol. 7, No. 2, pp. 339-361.
Bolanos et.al. (2005). “Using Interpretive Structural Modelling in Strategic Decision-Making Groups”. Management Decision 43 (6): 877-895.
Çizakça, M. “Awqaf in History and Its Implications for Modern Islamic Economies”, Islamic Economic Studies, vol.6, no.1, 1998.
Dalimunthe, Ritha F., 2007, ”Sejarah Perkembangan Ilmu Manajemen”, Makalah.
Daud, Dalilal, Rahman, A.Rashidah, Sulaiman Zaludin (2011), “Waqf reporting to fulfill stakeholder attribution in waqf Islamic councils”. BMQR Vol.2, No.1
Devi, Abrista and Rusydiana, Aam Slamet (2016), “Islamic Group Lending Model (GLM) and Financial Inclusion”, International Journal of Islamic Business Ethics Vol. 1 No 1, pp. 80-94.
Faisal, M.N., and Al-Esmael, B.A. (2014), “Modeling the enablers of organizational commitment”, Business Process Management Journal, Vol. 20, No. 1, pp. 25-46.
Faisal, M.N. (2015), “A study of inhibitors to transparency in red meat supply chains in Gulf cooperation council (GCC) countries”, Business Process Management Journal, Vol. 21, No. 6, pp. 1299-1318.
Fanani, Muhyar. ”Wakaf Uang untuk Kesejahteraan Ummat”. Paper disampaikan dalam Studium General “Wakaf Uang Untuk Kesejahteraan Umat”, Fak. Syariah, IAIN Surakarta, Kamis, 29 September 2011.
Fathurrohman, Tata. “Wakaf dan Penanggulangan Kemiskinan (Studi Kasus Pengelolaan Wakaf di Kabupaten Bandung Jawa Barat). Dissertation at University of Indonesia. 2012. Unpublished.
Godet, M. (1986), “Introduction to ‘la prospective’: seven key ideas and one scenario method”, Futures, Vol. 18, No. 2, pp. 134-157.
Gorvett, R., and Liu, N. (2007), Using interpretive structural modeling to identify and quantify interactive risks. Orlando –USA: ASTIN Colloquium.
Harrison, R., Jaumandreu, J., Mairesse, J., and Peters, B. (2014), “Does innovation stimulate employement? A firm level analysis using comparable micro-data from four European countries”, International Journal of Industrial Organization, Vol. 35, pp. 29-43.
Harun, F.M., Possumah, B.T., Shafiai, M.H.B.M., and Noor, A.H.M. (2016), “Issues and economic role of waqf in higher education institution: Malaysian experience”, Aliqtishad Journal of Islamic Economics, Vol. 8, No. 1, pp. 149-168.
Hasan, R., Siraj, S.A., and Mohamad, M.H.S. (2017), “Antecedents and outcome of waqif’s trust in waqf institution”, Journal of Economic Cooperation and Development, Vol.38, No.4, pp.155-180.
Hasanah, Uswatun. “Peranan Wakaf dalam Mewujudkan Kesejahteraan Sosial (Studi Kasus Pengelolaan Wakaf di Jakarta Selatan)”. Dissertation at IAIN Jakarta, Indonesia. 1997. Unpublished.
Hassan, N., Abdul-Rahman, A., and Yazid, Z. (2018), “Developing a new framework of waqf management”, International Journal of Academic Research in Business and Social Sciences, Vol.8, No.2, pp.287-305.
Ihsan, H., Sulaiman, M., Alwi, N.M., and Adnan, M.A. (2017), “A study of accountability practice in Dompet Dhuafa waqf of Indonesia”, JKAU: Islamic Economics, Vol.30, No.2, pp.13-32.
Islahi, A.A, (1996). Provision of Public Goods : Role of the Voluntary Sector (Waqf) in Islamic History, Seminar Proceeding Series No.30. Jeddah : Islamic Research and Training (IRTI)
Jabeen, F., and Faisal, M.N. (2018), “Imperatives for improving entrepreneurial behavior among females in the UAE: An empirical study and structural model”, Gender in Management: An International Journal, pp. 1754-2413.
Jabeen, F., and Faisal, M.N., and Katsioloudes, M.I. (2017), “Entrepreneurial mindset and the role of universities as strategic drivers of entrepreneurship evidence from the UAE”, Journal of Small Business and Enterprise Development, Vol. 24, No. 1, pp. 136-157.
Kahf, M. (1998). “Financing the Development of Awqaf Property” paper presented at the International Seminar on Awqaf and Economic Development, Pan Pacific Hotel, Kuala Lumpur.
Kahf, M, Mahamood, S.M, (2011). Essential Readings in Contemporary Waqf Issues.Kuala Lumpur : CERT Publications Sdn.Bhd
Kanungo S dan V.V. Batnagar, 2002. “Beyond Generic Models for Information System Quality : The Use of Interpretative Structural Modelling (ISM)”. Journal of System Research and Behavior Science. Vol. 19 (2), P 531:549.
Lee, D. M. (2007). Structured Decision Making with Interpretive Structural Modelling (ISM). Canada: Sorach Inc.
Li, M., and Yang, J. (2014), “Analysis of interrelationships between critical waste factors in office building retrofit projects using interpretive structural modeling”, International Journal of Construction Management, Vol. 14, No. 1, pp. 15-27.
Marimin (2004), Pengambilan Keputusan Kreteria Majemuk. Teknik dan Aplikasi. Gramedia Widiasarana Indonesia. Jakarta.
Masruki, R., and Shafii, Z. (2013), “The development of waqf accounting in enhancing accountability”, Middle-East Journal of Scientific Research, Vol.13, pp.1-6
Muhammad, Abu Su’ud, 1997. Risâlah fî Jawâz Waqf an-Nuqûd, tahqiq: Abû al-Asybâl Shaghîr Ahmad Syâghif al-Bâkistânî . Beirut: DârIbn Hazm.
Pitchay, A.A., Meera, A.K.M., and Saleem, M.Y. (2014). “Priority of Waqf Development among Malaysian Cash Waqf Donors: An AHP Approach”. Journal of Islamic Finance, Vol.3 No.1 p.013-022.
Ravi, V. (2015), “Analysis of interactions among barriers of eco-efficiency in electronics packaging industry”, Journal of Cleaner Production, Vol. 101, pp. 16-25.
Rusydiana, Aam Slamet, and Abrista Devi. (2018), “Mengembangkan koperasi syariah di Indonesia: Pendekatan interpretive structural model (ISM)“, Jurnal Economica, Vol. 9, No. 1, 2018.
Rusydiana, Aam Slamet, and Abrista Devi, (2018). “Elaborating cash waqf development in Indonesia using analytic network process”. International Journal of Islamic Business and Economics, Vol. 2 No. 1, pp.1-13.
Rusydiana, Aam Slamet, and Abrista Devi, (2017). “Analisis pengelolaan dana wakaf uang di Indonesia: Pendekatan metode analytic network process (ANP)”. Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam, Vol. 10, No. 2, pp.115-133.
Rusydiana, Aam Slamet, and Salman Al Parisi, (2016). “How far has our wakaf been researched?”. Etikonomi, Vol. 15, No. 1, pp.31-42.
Sage, A (1977), Interpretive Structural Modeling: Methodology for Large-Scale Systems, McGraw-Hill, New York, NY, pp. 91-164.
Shalih. “Peran Wakaf dalam Maqashid Syari’ah”. Dissertation at UIN Jakarta, Indonesia. 2007. Unpublished.
Suhadi, “Pengembangan Tanah Wakaf dalam Rangka Pelaksanaan Undang-Undang pokok Agraria di Kabupaten Bantul Yogyakarta”. Dissertation at Gajah Mada University, Indonesia. 1995. Unpublished.
Takkar, J., et.al. (2007). “Development of a Balanced Scorecard, An Integrated Approach of Interpretive Sructural Modeling (ISM) and Analytic Network Process (ANP)”. International Journal of Productivity and Performance Management 56 (1): 25-59.
Venkatesh, V.G., Rathi, S., and Patwa, S. (2015), “Analysis on supply chain risks in indian apparel retail chains and proposal of risk prioritization model using interpretive structural modeling”, Journal of Retailing and Consumer Services, Vol. 26, pp. 153-167.
Wadjdy, Farid dan Mursyid. 2007, Wakaf dan Kesejahteraan Umat (Filantropi Islam yang hampir terlupakan), Yogyakarta: Pustaka Pelajar.
Warfield, J.N. (1974), “Developing interconnected matrices in structural modeling”, IEEE Transactions on System, Man and Cybernetics, Vol. SMC-4 No. 1, pp. 81-87.

References

Affandi, Ahmad & Diah Nurhayati Nufus. (2010) .Analysis on Cash Waqf Return Fund Allocation in Indonesia Waqf Deposit. Seventh International Conference : The Tawhidi Epistemology: Zakat and Waqf Economy.

Ahmad, M., and Hassan, Y.B. (2015), ”Funding the Sub-saharan African education sector with waqf: Experiences from al-Azhar university and selected universities in Malaysia”, Journal of Creative Writing, Vol. 1, Issue 2, pp. 40-54.

al-Arnaut, Muwafiq, 2000. Daur al-Waqf fî al-Mujtama’ ât al-Islâmiyah, Damaskus: Dâr al-Fikr.

Alias, N.A.B., Rozali, E.A., and Sidek, R.S.M. (2015), “The history of waqf fund development at hospital Fatih, Istanbul (1470-1481M)”, Proceedings of The 6th International Symposium on Islam, Civilization and Science, 29-30 September 2015, UKM Malaysia.

Ascarya, Widyo G, Widodo C, Enny A., dan Ferry S. (2012), Strategi Meningkatkan Preferensi Perbankan Syariah Indonesia Dalam Menggunakan Pembiayaan Bagi- Hasil. Jakarta: Central Banking Education and Studies Department, Bank Indonesia.

Aziz, M.R.A., Johari, F., and Sabri, H. (2013), “Assessment on the willingness among public in contributing for social Islamic waqf bank for education”, Australian Journal of Basic and Applied Sciences, Vol. 7, No. 13, pp. 172-176.

Aziz, M.R.A., Yusof, M.A., Johari, F., Ramli, A., and Sabri, H. (2014), “The relief of higher education loan through Islamic waqf bank”, Asian Social Science, Vol. 10, No. 22, pp. 175-181.

Bahroni, I. (2012), “Streamlining education institution through waqf enlargement: An experience of Gontor system”, Jurnal At-Ta’dib, Vol. 7, No. 2, pp. 339-361.

Bolanos et.al. (2005). “Using Interpretive Structural Modelling in Strategic Decision-Making Groups”. Management Decision 43 (6): 877-895.

Çizakça, M. “Awqaf in History and Its Implications for Modern Islamic Economies”, Islamic Economic Studies, vol.6, no.1, 1998.

Dalimunthe, Ritha F., 2007, ”Sejarah Perkembangan Ilmu Manajemen”, Makalah.

Daud, Dalilal, Rahman, A.Rashidah, Sulaiman Zaludin (2011), “Waqf reporting to fulfill stakeholder attribution in waqf Islamic councils”. BMQR Vol.2, No.1

Devi, Abrista and Rusydiana, Aam Slamet (2016), “Islamic Group Lending Model (GLM) and Financial Inclusion”, International Journal of Islamic Business Ethics Vol. 1 No 1, pp. 80-94.

Faisal, M.N., and Al-Esmael, B.A. (2014), “Modeling the enablers of organizational commitment”, Business Process Management Journal, Vol. 20, No. 1, pp. 25-46.

Faisal, M.N. (2015), “A study of inhibitors to transparency in red meat supply chains in Gulf cooperation council (GCC) countries”, Business Process Management Journal, Vol. 21, No. 6, pp. 1299-1318.

Fanani, Muhyar. ”Wakaf Uang untuk Kesejahteraan Ummat”. Paper disampaikan dalam Studium General “Wakaf Uang Untuk Kesejahteraan Umat”, Fak. Syariah, IAIN Surakarta, Kamis, 29 September 2011.

Fathurrohman, Tata. “Wakaf dan Penanggulangan Kemiskinan (Studi Kasus Pengelolaan Wakaf di Kabupaten Bandung Jawa Barat). Dissertation at University of Indonesia. 2012. Unpublished.

Godet, M. (1986), “Introduction to ‘la prospective’: seven key ideas and one scenario method”, Futures, Vol. 18, No. 2, pp. 134-157.

Gorvett, R., and Liu, N. (2007), Using interpretive structural modeling to identify and quantify interactive risks. Orlando –USA: ASTIN Colloquium.

Harrison, R., Jaumandreu, J., Mairesse, J., and Peters, B. (2014), “Does innovation stimulate employement? A firm level analysis using comparable micro-data from four European countries”, International Journal of Industrial Organization, Vol. 35, pp. 29-43.

Harun, F.M., Possumah, B.T., Shafiai, M.H.B.M., and Noor, A.H.M. (2016), “Issues and economic role of waqf in higher education institution: Malaysian experience”, Aliqtishad Journal of Islamic Economics, Vol. 8, No. 1, pp. 149-168.

Hasan, R., Siraj, S.A., and Mohamad, M.H.S. (2017), “Antecedents and outcome of waqif’s trust in waqf institution”, Journal of Economic Cooperation and Development, Vol.38, No.4, pp.155-180.

Hasanah, Uswatun. “Peranan Wakaf dalam Mewujudkan Kesejahteraan Sosial (Studi Kasus Pengelolaan Wakaf di Jakarta Selatan)”. Dissertation at IAIN Jakarta, Indonesia. 1997. Unpublished.

Hassan, N., Abdul-Rahman, A., and Yazid, Z. (2018), “Developing a new framework of waqf management”, International Journal of Academic Research in Business and Social Sciences, Vol.8, No.2, pp.287-305.

Ihsan, H., Sulaiman, M., Alwi, N.M., and Adnan, M.A. (2017), “A study of accountability practice in Dompet Dhuafa waqf of Indonesia”, JKAU: Islamic Economics, Vol.30, No.2, pp.13-32.

Islahi, A.A, (1996). Provision of Public Goods : Role of the Voluntary Sector (Waqf) in Islamic History, Seminar Proceeding Series No.30. Jeddah : Islamic Research and Training (IRTI)

Jabeen, F., and Faisal, M.N. (2018), “Imperatives for improving entrepreneurial behavior among females in the UAE: An empirical study and structural model”, Gender in Management: An International Journal, pp. 1754-2413.

Jabeen, F., and Faisal, M.N., and Katsioloudes, M.I. (2017), “Entrepreneurial mindset and the role of universities as strategic drivers of entrepreneurship evidence from the UAE”, Journal of Small Business and Enterprise Development, Vol. 24, No. 1, pp. 136-157.

Kahf, M. (1998). “Financing the Development of Awqaf Property” paper presented at the International Seminar on Awqaf and Economic Development, Pan Pacific Hotel, Kuala Lumpur.

Kahf, M, Mahamood, S.M, (2011). Essential Readings in Contemporary Waqf Issues.Kuala Lumpur : CERT Publications Sdn.Bhd

Kanungo S dan V.V. Batnagar, 2002. “Beyond Generic Models for Information System Quality : The Use of Interpretative Structural Modelling (ISM)”. Journal of System Research and Behavior Science. Vol. 19 (2), P 531:549.

Lee, D. M. (2007). Structured Decision Making with Interpretive Structural Modelling (ISM). Canada: Sorach Inc.

Li, M., and Yang, J. (2014), “Analysis of interrelationships between critical waste factors in office building retrofit projects using interpretive structural modeling”, International Journal of Construction Management, Vol. 14, No. 1, pp. 15-27.

Marimin (2004), Pengambilan Keputusan Kreteria Majemuk. Teknik dan Aplikasi. Gramedia Widiasarana Indonesia. Jakarta.

Masruki, R., and Shafii, Z. (2013), “The development of waqf accounting in enhancing accountability”, Middle-East Journal of Scientific Research, Vol.13, pp.1-6

Muhammad, Abu Su’ud, 1997. Risâlah fî Jawâz Waqf an-Nuqûd, tahqiq: Abû al-Asybâl Shaghîr Ahmad Syâghif al-Bâkistânî . Beirut: DârIbn Hazm.

Pitchay, A.A., Meera, A.K.M., and Saleem, M.Y. (2014). “Priority of Waqf Development among Malaysian Cash Waqf Donors: An AHP Approach”. Journal of Islamic Finance, Vol.3 No.1 p.013-022.

Ravi, V. (2015), “Analysis of interactions among barriers of eco-efficiency in electronics packaging industry”, Journal of Cleaner Production, Vol. 101, pp. 16-25.

Rusydiana, Aam Slamet, and Abrista Devi. (2018), “Mengembangkan koperasi syariah di Indonesia: Pendekatan interpretive structural model (ISM)“, Jurnal Economica, Vol. 9, No. 1, 2018.

Rusydiana, Aam Slamet, and Abrista Devi, (2018). “Elaborating cash waqf development in Indonesia using analytic network process”. International Journal of Islamic Business and Economics, Vol. 2 No. 1, pp.1-13.

Rusydiana, Aam Slamet, and Abrista Devi, (2017). “Analisis pengelolaan dana wakaf uang di Indonesia: Pendekatan metode analytic network process (ANP)”. Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam, Vol. 10, No. 2, pp.115-133.

Rusydiana, Aam Slamet, and Salman Al Parisi, (2016). “How far has our wakaf been researched?”. Etikonomi, Vol. 15, No. 1, pp.31-42.

Sage, A (1977), Interpretive Structural Modeling: Methodology for Large-Scale Systems, McGraw-Hill, New York, NY, pp. 91-164.

Shalih. “Peran Wakaf dalam Maqashid Syari’ah”. Dissertation at UIN Jakarta, Indonesia. 2007. Unpublished.

Suhadi, “Pengembangan Tanah Wakaf dalam Rangka Pelaksanaan Undang-Undang pokok Agraria di Kabupaten Bantul Yogyakarta”. Dissertation at Gajah Mada University, Indonesia. 1995. Unpublished.

Takkar, J., et.al. (2007). “Development of a Balanced Scorecard, An Integrated Approach of Interpretive Sructural Modeling (ISM) and Analytic Network Process (ANP)”. International Journal of Productivity and Performance Management 56 (1): 25-59.

Venkatesh, V.G., Rathi, S., and Patwa, S. (2015), “Analysis on supply chain risks in indian apparel retail chains and proposal of risk prioritization model using interpretive structural modeling”, Journal of Retailing and Consumer Services, Vol. 26, pp. 153-167.

Wadjdy, Farid dan Mursyid. 2007, Wakaf dan Kesejahteraan Umat (Filantropi Islam yang hampir terlupakan), Yogyakarta: Pustaka Pelajar.

Warfield, J.N. (1974), “Developing interconnected matrices in structural modeling”, IEEE Transactions on System, Man and Cybernetics, Vol. SMC-4 No. 1, pp. 81-87.

Analysis of cash waqf development in Indonesia using Interpretive Structural Modeling (ISM)

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