Waqf Development Model for SDG-10: An ANP Approach

Authors

  • Aam Slamet Rusydiana SMART Indonesia
  • Raditya Sukmana Faculty of Economic and Business, Airlangga University
  • Nisful Laila Faculty of Economic and Business, Airlangga University
  • Yulizar Djamaluddin Sanrego University of Darussalam Gontor

DOI:

https://doi.org/10.58968/es.v1i1.412

Keywords:

Waqf, Maqashid Shariah, SDG-10, Inequality

Abstract

Waqf is relevant to the Sustainable Development Goals (SDGs), the world's current objectives, because of its perpetuity and sustainability. The alternative framework for the waqf model consistent with maqashid sharia is anticipated to facilitate the attainment of the SDGs, particularly the 10th SDG concerning minimizing social inequality. By using Analytical network process (ANP) methodology we use the opinions of experts and practitioners as a basis for decisions regarding the design of alternative waqf models for addressing the gap problem and evaluating it. According to the findings of this study, the social pillar is the SDG's criterion with the highest priority. Moreover, according to the maqashid sharia criterion, religious preservation (deen) holds the highest priority as a means of upholding and fulfilling religious commitments. Therefore, Waqf & Microfinance is this study's most viable alternative waqf model. Providing a recommended waqf model for accomplishing the SDGs is one example of sustaining and conserving waqf and obtaining benefits.

References

Abdullah, M. (2018). Waqf, sustainable development goals (SDGs) and maqasid al-shariah. International Journal of Social Economics, 45(1), 158-172.

Adekunle, S. S. (2017). Utilisation Of Zakāh And Waqf Fund In Micro-Takāful Models In Malaysia: An Exploratory Study. Isra International Journal Of Islamic Finance.

Ahmad, M. (2015). Role Of Waqf In Sustainable Economic Development And Poverty Alleviation: Bangladesh Perspective. Journal Of Law, Policy And Globalization.

Ahmed, H., & Salleh, A. M. (2016). Inclusive Islamic Fnancial Planning: A Conceptual Framework. International Journal Of Islamic And Middle Eastern Finance And Management.

Alaro, A. A. M., & Alalubosa, A. H. (2019). Potential of Sharī’ah compliant microfinance in alleviating poverty in Nigeria. International Journal of Islamic and Middle Eastern Finance and Management, 12(1), 115-129. https://doi.org/10.1108/IMEFM-01-2017-0021

Al-Fijawi, M. F. A., Shah, M. A., & Gamon, A. D. (2018). Brief on Waqf, Its Substitution (Istibdāl), and Selected Resolutions of Islāmic Fiqh Academy India: A Maqāṣid al-Sharī’ah Perspective. Intellectual Discourse, 1093-1108.

Ali, K. M., & Kassim, S. (2019). Waqf Forest: How Waqf Can Play a Role In Forest Preservation and SDGs Achievement?. Etikonomi, 19(2).

Amran. (2017). Sharia economic dispute settlement. Depok, Indonesia: Kencana.

Ascarya, & Yumanita, D. (2011). Determinan dan persistensi margin perbankan konvensional dan syariah di Indonesia. In Working Paper Series No.WP/10/04.

Ascarya, Rahmawati, S., & Tanjung, H. (2018). Design the Roadmap of Holistic Financial Inclusion for Baitul Maal wat Tamwil. Tazkia Islamic Finance and Business Review, 12(1). https://doi.org/10.30993/tifbr.v12i1.112

Ascarya, A., Suharto, U., & Husman, J. A. (2022). Proposed model of integrated Islamic commercial and social finance for Islamic bank in Indonesia. Eurasian Economic Review. https://doi.org/10.1007/s40822-022-00201-z

Azis, I. J. (2003). Analytic network process with feedback influence: a new approach to impact study. In Paper for Seminar Organized by Department of Urban and Regional Planning, University of Illinois at Urbana-Campaign.

Chapra, Umer. (2008), The Islamic Vision of Development in the Light of Maqasid Al Shariaa. Islamic Development Bank.

Chen, Y., Jin, Q., Fang, H., Lei, H., Hu, J., Wu, Y., Chen, J., Wang, C., & Wan, Y. (2019). Analytic network process: Academic insights and perspectives analysis. Journal of Cleaner Production.

Cizakca, W. (1998), ‘‘Awqaf: in history and implications for modern Islamic economics'', paper presented at the International Conference on Awqaf and Economic Development, Kuala Lumpur, 2-4 Warch.

Dahlan, R. (2016). Analisis Kelembagaan Badan Wakaf Indonesia. ESENSI: Jurnal Bisnis dan Manajemen, 6(1), 113-124.

Dilshad, R. M., & Latif, M. I. (2013). Focus Group Interview as a Tool for Qualitative Research: An Analysis. Pakistan Journal of Social Sciences (PJSS), 33(1), 191–198. https://doi.org/10.11975/j.issn.1002-6819.2018.07.030

Gundogdu, A. S. (2018). An Inquiry into Islamic Finance from the Perspective of Sustainable Development Goals. European Journal of Sustainable Development, 7(4), 381–390. https://doi.org/10.14207/ejsd.2018.v7n4p381

Hasan, R., Hassan, M. K., & Rashid, M. (2018). Cash Waqf Investment And Poverty Alleviation: Case Of Tabung Masjids In Malaysia. Journal Of Islamic Monetary Economics And Finance.

Kachkar, O. A. (2017). Towards the establishment of cash waqf microfinance fund for refugees. ISRA International Journal of Islamic Finance.

Kahf, Monzer (1998), “Financing the development of awqaf property”, Paper Presented at the Seminar on Development of Awqaf Organized by Islamic Research and Training Institute (IRTI), Kuala Lumpur. Malaysia. (www.kafh.net)

Kamla, R. & Rammal, H.G. (2013), “Social reporting by Islamic banks: does social justice matter?”, Accounting, Auditing and Accountability Journal, Vol. 26 No. 6, pp. 911-945, doi: 10.1108/AAAJ- 03-2013-1268.

Kementerian PPN & Bappenas. (2021). Peta Jalan SDGs Indonesia. Kementerian Ppn & Bappenas.

Kheybari, S., Rezaie, F. M., & Farazmand, H. (2020). Analytic network process: An overview of applications. Applied Mathematics and Computation.

Laldin, M.A. & Furqani, H. (2013), “Developing Islamic finance in the framework of Maqasid alShari’ah”, International Journal of Islamic and Middle Eastern Finance and Management, Vol. 6 No. 4, pp. 278-289, doi: 10.1108/IMEFM-05-2013-0057.

Laum, B. (1914), Die Stiftu ge i der griechische u d romische R tike, quoted in Cizakca (1998).

Lita, H. N. (2021). Waqf And Economic Distribution Justice: Sustainable Poverty Alleviation Efforts. Journal Of Legal, Ethical And Regulatory Issues.

Mas’ari, A. (2017). Sustainable Development Perspektif Maqashid Al-Syari’ah. Seminar Nasional Teknologi Informasi, Komunikasi dan Industri (SNTIKI) 9.

Masyita, D., Tasrif, M. & Telaga, A.S. (2005), “A dynamic model for cash waqf management as one of the alternative instruments for the poverty alleviation in Indonesia”, in The 23rd International Conference of the System Dynamics Society Massachussets Institute of Technology (MIT), pp. 1-29.

Mohseni-Cheraghlou, A. (2014), “The role of Islamic finance in enhancing financial inclusion in organization of Islamic cooperation (OIC) countries”, Islamic Economic Studies, Vol. 20 No. 2, pp. 55-120, doi: 10.1596/1813-9450-5920.

Mohsin, M.I.A., Ismail, M. & Mohsin, A. (2013), “Financing through cash-waqf: a revitalization to finance different needs”, International Journal of Islamic and Middle Eastern Finance, Vol. 6 No. 4, pp. 304-321.

Muneer, F., & Khan, F. (2019). Qard-Al-Hassan As A Tool For Poverty Alleviation: A Case Study Of The Fael Khair Waqf Program In Bangladesh. Journal Of Islamic Monetary Economics And Finance.

Ni'mah, S. K., Bahagijo, S., Santono, H., Primaldhi, A., Walandauw, P. C., Hendrastiti, T. K., Et Al. (2016). Panduan Pelaksanaan Sdgs Khusus Untuk Tujuan Penurunan Ketimpangan. Infid.

Nizar, M. A. (2016), Pengembangan wakaf produktif dan peranan sektor keuangan di Indonesia. Kajian Pusat Kebijakan Sektor Keuangan Badan Kebijakan Fiskal Kementerian Keuangan.

Obaidullah, M. (2008). Introduction to Islamic Microfinance, IBF Net Limited.

Othman, W.Z.B.H. (1982), ‘‘Islamic law with special reference to the institution of waqf'', Prime Winister's Department, Kuala Lumpur.

Pitchay , A. A., Thaker, M. A., Amin, M. F., Thaker, H. M., & Khaliq, A. (2020). Cash waqf model for micro enterprises’ human capital development . ISRA International Journal of Islamic Finance.

Rahman, A. A., & Mohamad, S. (2010). Analysis ofTabarrù Principle in Takaful Contract: Malaysian Experience. Historical and Social Sciences, (April 2009), 26–28.

Raimi, L., Patel, A. & Adelopo, I. (2014), “Corporate social responsibility, waqf system and zakat system as faith-based model for poverty reduction”, World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 10 No. 3, pp. 228-242, doi: 10.1108/WJEMSD-01-2013-0009.

Razak, S. H. (2020). Zakat And Waqf As Instrument Of Islamic Wealth In Poverty Alleviation And Redistribution. International Journal Of Sociology And Social Policy.

Rusydiana, A. S. (2016). Analisis Problem Pengembangan Perbankan Syariah Di Indonesia: Aplikasi Metode Analytic Network Process. Esensi: Jurnal Bisnis Dan Manajemen, 6(2), 237–246. https://doi.org/10.15408/ess.v6i2.3573

Rusydiana, A. S., & Devi, A. (2013). Analytic Network Process: Pengantar Teori dan Aplikasi. In SMART Publishing.

Rusydiana, A. S., & Devi, A. (2013). Challenges in developing Baitul Maal wat Tamwiil (BMT) in Indonesia using Analytic Network Process (ANP). Business and Management Quarterly Review (BMQR), 4(1), 51–62.

Rusydiana, A. S., & Devi, A. (2017). Analisis Pengelolaan Dana Wakaf Uang Di Indonesia: Pendekatan Metode Analytic Network Process (Anp). Al-Awqaf, 10(2), 115–133. https://doi.org/10.1017/CBO9781107415324.004

Rusydiana, A. S., Sukmana, R., & Laila, N. (2023). Waqf and Partnerships for the Goals (SDG-17): A Maqasid Framework. Maqasid al-Shariah Review, 2(1).

Rockwell, J.C. (1909), Priuate Baustiftu ge fur die Stadtgemei de auf I schrifte der Kaiserxeit im Weste des romische Reiches, quoted in Cizakca (1998).

Saaty, T. L. (1996). Decision making with dependence and feedback: The analytic network process. In Pittsburgh: RWS Publications.

Saaty, T. L. (2005). Theory and applications of the analytic network process: decision making with benefits, opportunities, costs, and risks. RWS Publicatios.

Saaty, T. L., & Vargas, L. G. (2006). Decision making with the analytic network process. Springer Science+ Business Media, LLC, 282.

Sanyinna, A. Y., Hashim, H., & Osman, M. F. (2018). Cash Waqf As An Effective Tool Of Financing Msmes For Sustainable Poverty Alleviation: A Nigerian Perspective. International Journal Of Islamic Business.

Shahimi, S., Marzuki, M. U., & Embong, Z. (2013). Potential Of Cash Waqf For Poverty Alleviation In Malaysia: A System Dynamics Approach. Jurnal Ekonomi Malaysia.

Sipahi, S., & Timor, M. (2010). The analytic hierarchy process and analytic network process: an overview of applications. Management Decision.

Tahir, I. N. (2020). Poverty Alleviation Strategies Implemented by ʿUmar ibn ʿAbd Al ʿAzīz: Lessons for Muslim Economists on Achieving SDG of Poverty Alleviation. International Journal of Economics, Management and Accounting, 28(2), 483-515.

Thaker, M. A., Thaker, H. M., Amin, F. B., & Khaliq, A. (2020). Cash waqf model for micro enterprises’ human capital development. ISRA International Journal of Islamic Finance.

Thamina, A. (2017). Waqf (Endowment) a vehicle for Islamic social. Waqf in Singapore and Egypt. (2011). Sharing Magazine, 52(5)

Zauro, N. A., Ahmi, R. A., & Hussin, M. Y. (2020). Integration Of Waqf Towards Enhancing Financial Inclusion And Socio-Economic Justice In Nigeria. International Journal of Ethics and Systems.

Downloads

Published

2024-02-15

How to Cite

Rusydiana, A. S. ., Sukmana, R. ., Laila, N. ., & Sanrego, Y. D. . (2024). Waqf Development Model for SDG-10: An ANP Approach. Economics and Sustainability, 1(1). https://doi.org/10.58968/es.v1i1.412