Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions

This paper studies the theoretical structure of financing for Islamic philanthropy in the form of waqf or endowment by looking at the past and present forms of waqf. Waqf is expected to play a more important role to tackle current social and educational issues, where financial sustainability has bec...

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Main Authors:	Shulthoni, Muhammad, Md Saad, Norma, Kayadibi, Saim, Ariffin, Muhammad Irwan
Format:	Article
Language:	English
Published:	Bank Indonesia 2018
Subjects:	HB126.4 Islamic Economics HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/1/jimef.pdf

id	iium-64570
recordtype	eprints
spelling	iium-645702018-07-22T04:11:57Z http://irep.iium.edu.my/64570/ Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions Shulthoni, Muhammad Md Saad, Norma Kayadibi, Saim Ariffin, Muhammad Irwan HB126.4 Islamic Economics HJ1438 Public Finance In Islam This paper studies the theoretical structure of financing for Islamic philanthropy in the form of waqf or endowment by looking at the past and present forms of waqf. Waqf is expected to play a more important role to tackle current social and educational issues, where financial sustainability has become one of the greatest challenges faced by waqf institutions. Using the content and thematic analysis approaches, this paper reviews the practice of successful waqf institutions and summarizes the features that are significant to a successful waqf fundraising and management. The paper analyses three models that are suitable for innovation and management of waqf fundraising: Venture Philanthropy of Waqf Model (VPWM), Value-Based Capital Model of Waqf (VBCM), and Social Enterprise Waqf Fund Model (SEWF). The paper then investigates the possibility of applying the Management by Objectives (MBO) framework to improve the overall management of waqf institutions. The discussions are hoped to be able to contribute towards developing a better fundraising and management of waqf institutions. Bank Indonesia 2018-05-30 Article PeerReviewed application/pdf en http://irep.iium.edu.my/64570/1/jimef.pdf Shulthoni, Muhammad and Md Saad, Norma and Kayadibi, Saim and Ariffin, Muhammad Irwan (2018) Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions. Journal of Islamic Monetary Economics and Finance, 3 (Special Issue). pp. 201-234. ISSN 2460-6146 E-ISSN 2460-6618 http://jimf-bi.org/index.php/JIMF/article/view/776
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB126.4 Islamic Economics HJ1438 Public Finance In Islam
spellingShingle	HB126.4 Islamic Economics HJ1438 Public Finance In Islam Shulthoni, Muhammad Md Saad, Norma Kayadibi, Saim Ariffin, Muhammad Irwan Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions
description	This paper studies the theoretical structure of financing for Islamic philanthropy in the form of waqf or endowment by looking at the past and present forms of waqf. Waqf is expected to play a more important role to tackle current social and educational issues, where financial sustainability has become one of the greatest challenges faced by waqf institutions. Using the content and thematic analysis approaches, this paper reviews the practice of successful waqf institutions and summarizes the features that are significant to a successful waqf fundraising and management. The paper analyses three models that are suitable for innovation and management of waqf fundraising: Venture Philanthropy of Waqf Model (VPWM), Value-Based Capital Model of Waqf (VBCM), and Social Enterprise Waqf Fund Model (SEWF). The paper then investigates the possibility of applying the Management by Objectives (MBO) framework to improve the overall management of waqf institutions. The discussions are hoped to be able to contribute towards developing a better fundraising and management of waqf institutions.
format	Article
author	Shulthoni, Muhammad Md Saad, Norma Kayadibi, Saim Ariffin, Muhammad Irwan
author_facet	Shulthoni, Muhammad Md Saad, Norma Kayadibi, Saim Ariffin, Muhammad Irwan
author_sort	Shulthoni, Muhammad
title	Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions
title_short	Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions
title_full	Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions
title_fullStr	Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions
title_full_unstemmed	Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions
title_sort	waqf fundraising management: a proposal for a sustainable finance of the waqf institutions
publisher	Bank Indonesia
publishDate	2018
url	http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/1/jimef.pdf
first_indexed	2023-09-18T21:31:39Z
last_indexed	2023-09-18T21:31:39Z
_version_	1777412550674087936

Waqf fundraising management: a proposal for a sustainable finance of the Waqf institutions

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