Potential of Cash Waqf as Financing for MSMEs in Medan City

##plugins.themes.academic_pro.article.sidebar##

Published Nov 30, 2021
https://doi.org/10.35335/enrichment.v12i1.325
Download
Download PDF
Statistic

Downloads

Download data is not yet available.
Vol. 12 No. 1 (2021): November: Management Science

##plugins.themes.academic_pro.article.main##

Sabaruddin Chaniago
LP3M Superior Polytechnic Medan, Jl. Iskandar Muda, 20156
Yogi Putra
Battuta University, Jl. Gajah Mada No. 15 AD, 20154
M. Indra Mulia Nasution
North Sumatra State Islamic University, Jl. IAIN No.1, Gaharu, Medan Timur Medan, Address, 20235

Abstract

This study aims to determine the role of cash waqf in empowering MSME actors in Medan City. The results of the study stated that the problem in implementing the Potential of Cash Waqf as the Empowerment of MSMEs in Medan City includes two important components, namely: internal and external. aspects of internal problems include two important aspects, namely: human resources and accountability issues. Meanwhile, the external problem lies in 2 aspects, namely: the problem of authority, the problem of society in general. Thus, things that become important in implementing the potential of cash waqf as an empowerment of MSMEs in Medan City from the authority side: 1) supervision issues, 2) nazhir certification 3) Violation penalties for nazhir who do not carry out their duties properly. Meanwhile, in terms of the general public, it consists of a priority order: 1) trust (public trust) which is still relatively low 2) Minimal education, 3) Lack of public awareness of cash waqf 4) guarantees provided by cash waqf managers for cash waqf .

##plugins.themes.academic_pro.article.details##

How to Cite
Chaniago, S., Yogi Putra, & M. Indra Mulia Nasution. (2021). Potential of Cash Waqf as Financing for MSMEs in Medan City. Enrichment : Journal of Management, 12(1), 882-887. https://doi.org/10.35335/enrichment.v12i1.325

References

1. Badan Wakaf Indonesia. 2016. Data Tanah Wakaf Seluruh Indonesia. BWI. Jakarta
2. CNN Indonesia. 2016. Kontribusi UMKM terhadap PDB Tembus Lebih dari 60%. cnnindonesia.com. [Diakses 25 November 2021].
3. Devi, A. 2015. Strategi Peningkatan Peran Bank Syariah Dalam Penghimpunan Dana Wakaf Uang. Mimeo
4. Direktorat Pemberdayaan Wakaf Kementerian Agama RI. 2016. [Diakses 25 November 2021].
5. Haura, A., Baga, L. M., & Hendri, T. 2016. Analisis Pengelolaan Wakaf Uang pada Koperasi Jasa Keuangan Syariah (Pendekatan Analytical Network Process). Jurnal Al-Muzara’ah 3(1): 89-105.
6. Ibrahim, H. 2013. Cash Waqf : An Innovative Instrument for Economic Development. International Review of Social Sciences and Humanities 6(1).
7. Kasdi, A. 2014. Potensi Ekonomi dalam Pengelolaan Wakaf Uang di Indonesia. EQUILIBRIUM 2(1).
8. Nugroho, T., Rusydiana, A. S. & Tubastuvi, N. 2018. Micro and small enterprises financing model through the revolving fund management institution in Indonesia: AHP approach. International Journal of Islamic Business Ethics 3(2): 496-504.
9. Rusydiana, A. S. & Devi, A. 2017. Analisis pengelolaan dana wakaf uang di Indonesia: Pendekatan metode analytic network process (ANP). Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam 10 (2): 115-133.
10. Rusydiana, A. S. & Nugraha, T. 2018. Pengembangan lembaga pengelola dana bergulir syariah dalam mendukung usaha mikro kecil dan menengah di Indonesia. Jurnal Syarikah 4 (2): 130-144.
11. Rusydiana, A. S. & Rahayu, S. S. 2019. Bagaimana strategi pengembangan wakaf tunai di Indonesia? Jurnal Ekonomi dan Bisnis Islam 5(1):15-33.
12. Rusydiana, A. S. 2018a. Kriteria pemilihan lembaga wakaf di Indonesia: Pendekatan multicriteria decision making. Equilibrium: Jurnal Ekonomi Syariah 6(2): 185-205.
13. Rusydiana, A. S. 2018b. Aplikasi Interpretive structural modeling untuk strategi pengembangan wakaf tunai di Indonesia. Jurnal Ekonomi dan Bisnis Islam 4 (1): 1-17
14. Rusydiana, A. S. 2018c. Sentiment analysis of Islamic waqf: Evidence in Indonesia. Maqdis: Jurnal Kajian Ekonomi Islam 3(2): 123-134.
15. Syafiq, A. 2014. Wakaf Tunai Untuk Pemberdayaan Usaha Kecil. ZISWAF 1(2).
16. Undang-Undang Republik Indonesia No. 41 Tahun 2004 Tentang Wakaf
[1] Ayi Puspita Fajariah,dll.2020. Waqf For Optimizing Micro, Small And Medium Enterprise (Msme) Funding Through Sharia Cooperatives In Indonesia : Jurnal Manajemen Teori dan Terapan : 13. No. 1
[2] Diana Farid, 2016. The Waqaf of Money: An Islamic Financial Instrument for Empowering Economy Community; International Journal of Nusantara Islam, Vo; 04 No. 02; (27-36)
[3] Farhah binti Saifuddin,dkk.2014. The Role Of Cash Waqf In Poverty Alleviation: Case Of Malaysia : International Journal of Business, Economics and Law : Vol. 4, Issue 1
[4] Neni Hardiati, 2020. Wakaf Tunai ( Cash Waqf) Menurut Perspektif Ulama dan Tinjauan Maqashid: AKSELERASI: Jurnal Ilmiah Nasional Vol. 2 No. 3