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Abstract
One type of contemporary waqf is cash waqf. Cash Waqf provide more giving mashlahah because the money can be used for many things other than endowments. Form of cash waqf development is to be invested in Islamic financial institutions were profitable and secure. This paper aims to integrate the cash waqf as a social fund to the financial intermediation role on Islamic Micro Finance Institutions. Endowments in cash will be an alternative source of capital LKMS cheap and mashlahah. The pattern is divided into a cash waqf endowments temporary cash invested in sharia-term investment products, such as savings deposits and capital investments. Average cash waqf permanently included as a component of capital. Endowment funds will be disbursed on micro-finance, the results of which will be channelled to the social fund. With this pattern expected cash waqf and where LKMS can benefit the wider community.
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Copyright (c) 2016 Gustani Gustani, Dwi Aditya Ernawan
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References
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- Nurhayati, S., & Wasilah. (2015). Akuntansi syariah di Indonesia. Jakarta, Indonesia: Salemba Empat.
- Obaidullah, M. (2008). Introduction to Islamic microfinance. New Delhi, India: IBF Net (P) Limited.
- Perhimpunan BMT Indonesia. (2015). Laporan BMT tahun 2010-2015. Jakarta, Indonesia: Perhimpunan BMT Indonesia.
- Pristiyanto, Bintoro, M. H., & Soekarto, S. T. (2013). Strategi pengembangan koperasi jasa keuangan syariah dalam pembiayaan usaha mikro di Kecamatan Tanjungsari, Sumedang. MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah, 8(1), 27–35. Retrieved from http://journal.ipb.ac.id/index.php/jurnalmpi/article/view/6618
- Rahman, M. F. (2009). Wakaf dalam Islam. Al-Iqtishad: Journal of Islamic Economics, 1(1), 79–90. https://doi.org/10.15408/aiq.v1i1.2455
- Sabiq, A.-S. (2000). Fiqh al-sunnah. Cairo, Egypt: Dar Al-Fath Li I’lam Al-’Arabi.
- Sadeq, A. M. (2002). Waqf, perpetual charity and poverty alleviation. International Journal of Social Economics, 29(1/2), 135–151. https://doi.org/10.1108/03068290210413038
- Sahroni, O., & Karim, A. A. (2015). Maqashid bisnis & keuangan Islam: Sintesis fikih dan ekonomi. Jakarta, Indonesia: Raja Grafindo Persada.
- Satria, A. T., Burhan, U., & Manzilati, A. (2015). Kajian atas fungsi sosial pada tindakan ekonomi pelaku lembaga keuangan mikro syariah. MediaTrend, 10(1), 1–26. Retrieved from http://journal.trunojoyo.ac.id/mediatrend/article/view/3294
- Suzuki, Y., Pramono, S., & Rufidah. (2016). Islamic microfinance and poverty alleviation program: Preliminary research findings from Indonesia. Share: Jurnal Ekonomi Dan Keuangan Islam, 5(1), 63–82. https://doi.org/10.22373/share.v5i1.910
- Wulandari, P., & Kassim, S. (2016). Issues and challenges in financing the poor: case of Baitul Maal Wa Tamwil in Indonesia. International Journal of Bank Marketing, 34(2), 216–234. https://doi.org/10.1108/IJBM-01-2015-0007
References
Abdel Mohsin, M. I. (2013). Financing through cash-waqf: A revitalization to finance different needs. International Journal of Islamic and Middle Eastern Finance and Management, 6(4), 304–321. https://doi.org/10.1108/IMEFM-08-2013-0094
Abdullah, R., & Ismail, A. G. (2014). Al-Tawhid in relation to the economic order of microfinance institutions. Humanomics, 30(4), 325–348. https://doi.org/10.1108/H-01-2014-0006
Ahmad, M. (2015). Cash waqf: Historical evolution, nature and role as an alternative to riba-based financing for the grass root. Journal of Islamic Finance, 4(1), 63–74. Retrieved from http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/70
Alfalisyado. (2014). Meneropong filantropi kelembagaan lembaga keuangan mikro syariah (LKMS) di Indonesia melalui pola jaminan pembiayaan. El-Jizya, 2(1), 41–63. Retrieved from http://ejournal.stainpurwokerto.ac.id/index.php/eljizya/article/view/390
Dahlan, R. (2016). Analisis kelembagaan Badan Wakaf Indonesia. Esensi: Jurnal Bisnis Dan Manajemen, 6(1), 113–126. Retrieved from http://journal.uinjkt.ac.id/index.php/esensi/article/view/3125
Dusuki, A. W. (2008). Banking for the poor: the role of Islamic banking in microfinance initiatives. Humanomics, 24(1), 49–66. https://doi.org/10.1108/08288660810851469
Faradis, J., Affandi, M. Y., & Khilmi, S. (2015). Manajemen fundraising wakaf produktif: Perbandingan Wakaf Selangor (PWS) Malaysia dan Badan Wakaf Indonesia. Asy-Syirah: Jurnal Ilmu Syariah Dan Hukum, 49(2), 500–518. Retrieved from http://asy-syirah.uin-suka.com/index.php/AS/article/view/152
Haq, A. F. (2012). Wakaf kontemporer, dari teori ke aplikasi. Maliyah, 2(2), 391–410. Retrieved from http://jurnalfsh.uinsby.ac.id/index.php/maliyah/article/view/338
Havita, G., Sayekti, K. A., & Wafiroh, S. R. (2013). Model bank wakaf di Indonesia dalam potensinya untuk mengembangkan wakaf uang dan mengatasi kemiskinan. Program Kreativitas Mahasiswa - Gagasan Tertulis, (PKM-GT 2013). Retrieved from http://artikel.dikti.go.id/index.php/PKMGT/article/view/142
Hidayat, O. S., Setiana, E., & Situmeang, C. (2016). Pengembangan sistem dan penguatan manajemen koperasi. Jurnal Pengabdian Kepada Masyarakat, 22(4), 26–33. Retrieved from http://jurnal.unimed.ac.id/2012/index.php/jpkm/article/view/5758
Ihsan, H., & Adnan, M. A. (2013). Waqf accounting and the construction of accountability. In Waqf laws and management (With special reference to Malaysia (pp. 139–170). New Delhi, India: Genuine Publications and Media Pvt. Ltd. Retrieved from http://waqfacademy.org/wp-content/uploads/2013/02/Hidayatul-Ihsan-Muhammad-Akhyar-Adnan-HI-MAA.-Date.-Waqf-Accounting-The-Construction-of-Accountability.-Place.-Pub.pdf
Ihsan, H., & Hameed Hj. Mohamed Ibrahim, S. (2011). Waqf accounting and management in Indonesian waqf institutions. Humanomics, 27(4), 252–269. https://doi.org/10.1108/08288661111181305
Ikatan Akuntan Indonesia. (2014). Standar akuntansi keuangan syariah per 1 Januari 2014. Jakarta, Indonesia: Ikatan Akuntan Indonesia.
Latief, H. (2010). Health provision for the poor: Islamic aid and the rise of charitable clinics in Indonesia. South East Asia Research. Sage Publications, Ltd. https://doi.org/10.2307/23750995
Ma’wa, K. W. (2013). Analisis perbandingan antara koperasi simpan pinjam dengan koperasi jasa keuangan syariah baitul maal wa tamwil. Jurnal Hukum. Retrieved from http://hukum.studentjournal.ub.ac.id/index.php/hukum/article/view/219
Masruki, R., & Shafii, Z. (2013). The development of waqf accounting in enhancing accountability. Middle-East Journal of Scientific Research, 13, 1–6. https://doi.org/10.5829/idosi.mejsr.2013.13.1873
Mohd Thas Thaker, M. A. Bin, Mohammed, M. O., Duasa, J., & Abdullah, M. A. (2016). Developing cash waqf model as an alternative source of financing for micro enterprises in Malaysia. Journal of Islamic Accounting and Business Research, 7(4), 254–267. https://doi.org/10.1108/JIABR-09-2014-0029
Nurhayati, S., & Wasilah. (2015). Akuntansi syariah di Indonesia. Jakarta, Indonesia: Salemba Empat.
Obaidullah, M. (2008). Introduction to Islamic microfinance. New Delhi, India: IBF Net (P) Limited.
Perhimpunan BMT Indonesia. (2015). Laporan BMT tahun 2010-2015. Jakarta, Indonesia: Perhimpunan BMT Indonesia.
Pristiyanto, Bintoro, M. H., & Soekarto, S. T. (2013). Strategi pengembangan koperasi jasa keuangan syariah dalam pembiayaan usaha mikro di Kecamatan Tanjungsari, Sumedang. MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah, 8(1), 27–35. Retrieved from http://journal.ipb.ac.id/index.php/jurnalmpi/article/view/6618
Rahman, M. F. (2009). Wakaf dalam Islam. Al-Iqtishad: Journal of Islamic Economics, 1(1), 79–90. https://doi.org/10.15408/aiq.v1i1.2455
Sabiq, A.-S. (2000). Fiqh al-sunnah. Cairo, Egypt: Dar Al-Fath Li I’lam Al-’Arabi.
Sadeq, A. M. (2002). Waqf, perpetual charity and poverty alleviation. International Journal of Social Economics, 29(1/2), 135–151. https://doi.org/10.1108/03068290210413038
Sahroni, O., & Karim, A. A. (2015). Maqashid bisnis & keuangan Islam: Sintesis fikih dan ekonomi. Jakarta, Indonesia: Raja Grafindo Persada.
Satria, A. T., Burhan, U., & Manzilati, A. (2015). Kajian atas fungsi sosial pada tindakan ekonomi pelaku lembaga keuangan mikro syariah. MediaTrend, 10(1), 1–26. Retrieved from http://journal.trunojoyo.ac.id/mediatrend/article/view/3294
Suzuki, Y., Pramono, S., & Rufidah. (2016). Islamic microfinance and poverty alleviation program: Preliminary research findings from Indonesia. Share: Jurnal Ekonomi Dan Keuangan Islam, 5(1), 63–82. https://doi.org/10.22373/share.v5i1.910
Wulandari, P., & Kassim, S. (2016). Issues and challenges in financing the poor: case of Baitul Maal Wa Tamwil in Indonesia. International Journal of Bank Marketing, 34(2), 216–234. https://doi.org/10.1108/IJBM-01-2015-0007