Empowering wakaf (Islamic endowment) for economic development: an insightful value of Nazir waqf in Indonesia

• Main Authors: Ibrahim, Duski, Zainuri, Ahmad, Huda, Miftachul
• Format: Article
• Language: English
• Published: Penerbit UTM Press 2020
• Subjects: BP Islam. Bahaism. Theosophy, etc
• Online Access: http://eprints.utm.my/id/eprint/85553/1/MiftachulHuda2020_EmpoweringWakaf%28Islamicendowment%29forEconomic.pdf; http://eprints.utm.my/id/eprint/85553/; https://dx.doi.org/10.11113/umran2020.7n1.405
• Institution: Universiti Teknologi Malaysia

Productive waqf, which are one of the instruments of economic development for the people in Indonesia, have not yet materialized. Even though the legislation regarding waqf (Islamic endowment) has been ratified and enforced by the Indonesian Government, especially Law No. 1 of 2004 concerning Endowments. The main cause is assumed to lie in the end of waqf that has not been effective. Therefore, this study is focused on talking about Nazir (appointed administrator) under the position in managing productive waqf. The qualitative data used is sourced from books and statutory regulations on waqf in Indonesia, then analyzed by the opinions ulama especially those related to Nazir waqf, whether individuals, organizations or legal entities. Based on the studies conducted, the development of waqf is still a lot of obstacles or obstacles, such as the community’s understanding of waqf is still weak, public trust in Nazir is still not lacking, and Nazir itself is still a lot of professionals. Therefore, the solution is to develop Nazir waqf, both moral, managerial, business knowledge, and raising Nazir that is not yet a full timer, not just part time work. When such obstacles have been overcome, God willing, productive endowments will develop in Indonesia, and finally the productive endowments can truly be an element of empowerment and economic development of the people.