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Innovation of Cash Waqf Optimization Model through EBA Syariah Satifa, Siti Annisa; Marenza, Silvya Eka; Riyadi, Muhammad Ikhsan
Tazkia Islamic Finance and Business Review Vol. 17 No. 2 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i2.320

Abstract

Restrictions on community activities have weakened the Indonesian economy. The government must find a solution to improve economic conditions. This study aims to develop a model that enhances Islamic social financial institutions and maximizes cash waqf potential in Indonesia for sustainable finance. The model will boost the national Islamic capital market and be analyzed with SWOT and Delphi methods. Data was collected via questionnaires from 19 academics and practitioners in the waqf and infrastructure sectors. Delphi test results showed all respondents believed there was a link between SWOT indicators and the feasibility of the model. This model contributes to economic recovery, Islamic capital market growth, sustainable social funding, optimized waqf potential, strengthened waqf financial institutions, and improved infrastructure management in Indonesia.
Zakat and Waqf Managament in Indonesia and Pakistan: A Comparative Study Marenza, Silvya Eka; Karimuddin, Karimuddin
Milkiyah: Jurnal Hukum Ekonomi Syariah Vol. 3 No. 1 (2024): Milkiyah: Jurnal Hukum Ekonomi Syariah, February 2024
Publisher : Sekolah Tinggi Agama islam Negeri Majene

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46870/milkiyah.v3i1.805

Abstract

Zakat and waqf should be managed well so that they benefit society. This comparative study aims to analyse and compare the management practices of zakat and waqf in Indonesia and Pakistan. This study employs descriptive-comparative approach by analysing relevant literature, policies, and institutional frameworks in the management of zakat and waqf between Indonesia and Pakistan. Findings of this this study reveal that both countries focus on strengthening transparency and accountability in the collection, distribution, and utilization of zakat and waqf funds. Nevertheless, there is a need for increased collaboration and coordination between government institutions, non-governmental organizations, and other stakeholders involved in zakat and waqf management in Indonesia and Pakistan. This study is significant because it has the potential to inform policies and strategies that can maximise the positive impact of zakat and waqf funds, resulting in more inclusive and equitable societies in both countries.
Innovative Investment Insurance Strategies for Indonesia's Economic Recovery: A Focus on Cash Insurance Linked Dire (CILD) Satifa, Siti Annisa; Marenza, Silvya Eka; Syadidah, Halifah Millah
Journal of Principles Management and Business Vol. 2 No. 02 (2023): Journal of Principles Management and Bussines
Publisher : Scimadly Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55657/jpmb.v2i02.121

Abstract

One of the promising Islamic financial products in the modern era is insurance. Despite a potential market of 75.45 million people, Islamic insurance remains underutilized. Meanwhile, the real estate sector has proven resilient even during a pandemic and offers long-term profit potential. The CILD (Cash Insurance Linked DIRE) model aims to address these issues by integrating insurance optimization with the Real Estate Investment Fund (DIRE). This paper's goal is to design a model that enhances Islamic financial instruments, taps into Indonesia's insurance potential, and contributes to sustainable finance while aiding national economic recovery through real estate investments. The model's feasibility is assessed using a SWOT analysis and the Delphi method with inputs from 7 expert respondents. The analysis indicates that the model is viable. Respondents agree that it can positively impact national economic recovery, strengthen Islamic financial products, and support Indonesia's real estate sector. The novelty of this paper lies in the innovative insurance management system, which can guide policymakers and Islamic insurance institutions in creating superior investment insurance concepts. This research aims to demonstrate the integration of insurance with DIREs through the CILD model, offering diverse insurance alternatives to the public.