Construction of Waqf Ahli: Cash Waqf Management based on Family Economic Sustainability based at Roumah Wakaf Surabaya
Abstract views: 49
,
PDF downloads: 39
Abstract
This study analyzes the role of waqf experts in managing cash waqf for family economic security and developing a model for utilizing cash waqf based on economic independence. Cash waqf is used for public benefit, but its benefits are not felt by families and waqf experts. Cash waqf does not provide economic independence for mauquf alaih. This study uses a qualitative-analytical approach with a case study method through interviews with the chief executive and head of distribution at BAZNAS Gresik. The findings show that BAZNAS Gresik implements a hybrid management model that integrates productive waqf with the principles of social entrepreneurship, where cash waqf funds are channeled as revolving capital for family micro-enterprises. This approach increases income stability and reduces the economic vulnerability of mustahik families. This study resulted in the reconstruction of family-based waqf management by emphasizing the synergy between waqf sustainability and household economic resilience. In practical terms, this study confirms the role of zakat institutions in building an inclusive financial ecosystem through productive waqf. The study concludes that waqf construction experts serve as a transformative mechanism for achieving economic and social goals in modern Islamic philanthropy.
Downloads
References
A. Khusnun Ridho. “Interview.” Gresik, 2 Juli 2023, 2024.
Abd. Kholik. “Interview.” Gresik, 28 Juni, 2024.
Ahyani, Hisam, Memet Slamet, Hisam Ahyani, Tobroni, and Tobroni. “Building the Values of Rahmatan Lil ’Alamin for Indonesian Economic Development at 4.0 Era from the Perspective of Philosophy and Islamic Economic Law.” Al-Ihkam: Jurnal Hukum Dan Pranata Sosial 16, no. 1 (2021): 111–36. https://doi.org/10.19105/al-lhkam.v16i1.4550.
Ali, Khalifah Muhamad, and Salina Kassim. “Development of Waqf Forest in Indonesia: The SWOT-ANP Analysis of Bogor Waqf Forest Program by Bogor Waqf Forest Foundation.” Jurnal Manajemen Hutan Tropika, 2021. https://doi.org/10.7226/jtfm.27.2.89.
Alimusa, La Ode, Raditya Sukmana, Ririn Tri Ratnasari, Syafrina Machfud, and Sahraman D.Hadji Latif. “Determinants of Online Cash Waqf Behavioural Intentions for Micro Enterprises Financing: The Case of Indonesian Muslim Youth.” Journal of Islamic Marketing 16, no. 6 (2025): 1623–49. https://doi.org/10.1108/JIMA-06-2023-0166.
Allsop, David B., Joe M. Chelladurai, Elisabeth R. Kimball, Loren D. Marks, and Justin J. Hendricks. “Qualitative Methods with Nvivo Software: A Practical Guide for Analyzing Qualitative Data.” Psych 4, no. 2 (2022): 142–59. https://doi.org/10.3390/psych4020013.
Ascarya, Ascarya. “The Role of Islamic Social Finance during Covid-19 Pandemic in Indonesia’s Economic Recovery.” International Journal of Islamic and Middle Eastern Finance and Management 15, no. 2 (2022): 386–405. https://doi.org/10.1108/IMEFM-07-2020-0351.
Ascarya, Ascarya, and Atika Rukminastiti Masrifah. “Strategies Implementing Cash Waqf System for Baitul Maal Wat Tamwil to Improve Its Commercial and Social Activities.” International Journal of Islamic and Middle Eastern Finance and Management 16, no. 1 (2023): 130–53. https://doi.org/10.1108/IMEFM-10-2020-0504.
Ascarya, and Ali Sakti. “Proposing New Islamic Microfinance Model for Sustainable Islamic Microfinance Institution.” Islamic Finance and Sustainable Development: A Sustainable Economic Framework for Muslim and Non-Muslim Countries, 2021. https://doi.org/10.1007/978-3-030-76016-8_15.
Aufa, Imtiyaz Wizni, Anugrah Muhtarom Pratama, and Umi Khaerah Pati. “Cash Waqf Linked Sukuk through Securities Crowdfunding in Indonesia.” Jambura Law Review 5, no. 1 (2023): 98–117. https://doi.org/10.33756/jlr.v5i1.15225.
Bustami, Rio Laksamana, and Zuliana Roviqoh. “Waqf Fundraising through Money in the Industrial Revolution 4.0 Era: A Case Study on Baitulmaal Munzalan Indonesia.” Ijtihad: Jurnal Wacana Hukum Islam Dan Kemanusiaan 20, no. 1 (2020): 23–39. https://doi.org/10.18326/ijtihad.v20i1.23-39.
Faturohman, Taufik, Irfan Hassandi, and Yulianti. “User Acceptance of Online Waqf Applications: Evidence From Indonesia.” Journal of Islamic Monetary Economics and Finance 6, no. 3 (2020): 503–30. https://doi.org/10.21098/jimf.v6i3.1117.
Gultom, Mitra Sami, and Muhammad Iman Sastra Mihajat. “Cash Waqf Linked Deposit: A Proposed Waqf Model for Education Program and Poverty Alleviation in Indonesia.” Contributions to Management Science, 2024. https://doi.org/10.1007/978-3-031-61778-2_17.
Gustina, Syukri Lukman, Muhammad Rizki Prima Sakti, and Mohamad Fany Alfarisi. “The Role of Ulama in Shaping Attitude, Subjective Norms, Digitalisation and Trust Towards Cash Waqf Behaviour.” Intellectual Discourse 33, no. 2 (2025): 579–605. https://doi.org/10.31436/id.v33i2.2246.
Harrieti, Nun, Isis Ikhwansyah, and Azlin Alisa Ahmad. “The Role of Sharia Banking in Strengthening the Assets of Village-Owned Enterprises in Indonesia.” Cogent Social Sciences 10, no. 1 (2024). https://doi.org/10.1080/23311886.2024.2350557.
Hassan, Surita Hartini Mat, Sakinatul Raadiyah Abdullah, Farahdina Fazial, Che Khadijah Hamid, and Salimah Yahaya. “The Implementation of Ijarah in Producing the Wakaf Property: Studies in Penang, Malaysia.” International Journal of Academic Research in Business and Social Sciences 11, no. 1 (2021). https://doi.org/10.6007/ijarbss/v11-i1/9007.
Hassan, Surita Hartini Mat, Ramlan Mustapha, Maziah Mahmud, Siti Norma Aisyah Malkan, and Nurul Hidayah Che Hassan. “The Influence of Promotion and Waqf Knowledge toward Cash Waqf Awareness in Pahang Region.” International Journal of Academic Research in Business and Social Sciences 11, no. 4 (2021). https://doi.org/10.6007/ijarbss/v11-i4/9816.
Haziqi Hilmi, Mohd, and dan Muhammad Hakimi Mohd Shafiai. “Peranan Wakaf Tunai Sebagai Penyelesaian Isu Kos Sara Hidup Mahasiswa Universiti (the Role of Cash Wakaf As a Solution To the Cost of Living Issues of University Students).” International Journal of Social Science Research 4, no. 4 (2022): 63. http://myjms.mohe.gov.my/index.php/ijssrJournalwebsite:http://myjms.mohe.gov.my/index.php/ijssr.
https://baznasgresik.com/. “Badan Amil Zakat Nasional (BAZNAS) Gresik,” 2022. https://baznasgresik.com/tentang-kami/sejarah/.
Huda, Miftahul, Aditya Prastian Supriyadi, and Ramadhita. “Productive Waqf Law Reform: A Solution to Support Indonesian Local Economy amid Contemporary Global Recession.” MILRev: Metro Islamic Law Review 4, no. 1 (2025): 319–59. https://doi.org/10.32332/milrev.v4i2.10210.
Ibrahim, Duski, Ahmad Zainuri, and Miftachul Huda. “Empowering Wakaf (Islamic Endowment) for Economic Development: An Insightful Value of Nazir Waqf in Indonesia.” UMRAN - International Journal of Islamic and Civilizational Studies 7, no. 1 (2020): 103–14. https://doi.org/10.11113/umran2020.7n1.405.
Iman, Nurul, Adi Santoso, and Edi Kurniawan. “Critical Assessment of the Productive Waqf Innovation Linkage Literature: Lessons for Waqf Asset Management Institutions in Indonesia.” Review of International Geographical Education Online 11, no. 6 (2021): 920–32. https://doi.org/10.48047/rigeo.11.06.109.
Ishom, Muhammad, Entol Zainal Muttaqin, Ika Atikah, Nasrun Mohamad Ghazali, and Cucum Rohmawati. “Cash Waqf in the Halal Blue Economy Sector: A Comparative Study of Indonesia and Malaysia.” Mazahib Jurnal Pemikiran Hukum Islam 24, no. 1 (2025): 156–81. https://doi.org/10.21093/mj.v24i1.10035.
Ismal, Rifki. “Identifying the Optimal Cash Waqf Linked Sukuk: Indonesian Experience.” Hamdard Islamicus 45, no. 3 (2022): 9–27. https://doi.org/10.57144/hi.v45i3.500.
Jahar, A. S., R. A. Prasetyowati, and I. Subchi. “Governance and Outreach of Islamic Microfinance (BMT) toward Cash Waqf.” Religion, Education, Science and Technology towards a More Inclusive and Sustainable Future: Proceedings of the 5th International Colloquium on Interdisciplinary Islamic Studies (ICIIS 2022), Lombok, Indonesia, 19-20 October 2022, 2024. https://doi.org/10.1201/9781003322054-43.
Jamil, Amira, Siti Afiqah Zainuddin, Nur Farahiah Azmi, Tahirah Abdullah, and Nadzirah Mohd Said. “Analyzing Research Trends in Online Digital Media and Waqf Institutions Across the Globe: A Bibliometric Approach.” Studies in Systems, Decision and Control, 2024. https://doi.org/10.1007/978-3-031-62656-2_49.
Khamim, Asyharul Muala, and Muhammad Lutfi Hakim. “Cash Waqf Linked Sukuk for Islamic Social Welfare and National Development: Evidence from Indonesia.” Global Journal Al-Thaqafah 13, no. 1 (2023): 16–34. https://doi.org/10.7187/GJAT072023-2.
Kunhibava, Sherin, Aishath Muneeza, Zakariya Mustapha, Maryam Khalid, and Thong Ming Sen. “Viability of Cash Waqf-Linked Ṣukūk in Malaysia.” ISRA International Journal of Islamic Finance 15, no. 4 (2023): 25–44. https://doi.org/10.55188/ijif.v15i4.530.
Listiana, Lisa, and Rahmi Edriyanti. “Digitalisation and Sustainable Finance in Indonesian Islamic Banks.” Digital Transformation for Business and Society: Contemporary Issues and Applications in Asia, 2023. https://doi.org/10.4324/9781003441298-9.
Malahayati, Marissa, and Lukytawati Anggraeni. “Islamic Waqf: A Tool for Sustainable Forest Conservation and Livelihoods in Indonesia.” Contributions to Economics, 2025. https://doi.org/10.1007/978-981-96-8650-6_13.
Masrizal, Nurul Huda, Arridha Harahap, Budi Trianto, and Tasiu Tijjani Sabiu. “Investigating the Determinants of Cash Waqf Intention: An Insight From Muslims in Indonesia.” Journal of Islamic Monetary Economics and Finance 9, no. 1 (2023): 17–38. https://doi.org/10.21098/jimf.v9i1.1607.
Maulina, Rindawati. “Factors Influencing the Success of Retail Cash Waqf Linked Ṣukūk (CWLS) Issuance: A Lesson from Indonesia.” Journal of King Abdulaziz University, Islamic Economics 35, no. 1 (2022): 57–74. https://doi.org/10.4197/Islec.35-1.4.
Maulina, Rindawati, Wawan Dhewanto, and Taufik Faturohman. “Behaviour Determinants of Two Muslims Classes towards Cash Waqf for Productive Purposes: Explanation from Indonesia.” Journal of Islamic Accounting and Business Research 16, no. 5 (2025): 990–1013. https://doi.org/10.1108/JIABR-04-2023-0139.
———. “How to Attract Wealthy Muslims to Contribute to Cash Waqf (Islamic Endowment) Held by the Islamic Banks? Case in Indonesia.” Journal of Islamic Marketing 15, no. 12 (2024): 3323–56. https://doi.org/10.1108/JIMA-11-2022-0312.
MPOC, lia dwi jayanti, and Jennifer Brier. “Konstruksi Pengembangan Wakaf Saham Dalam Rangka Mengoptimalkan Potensi Wakaf Produktif Di Indonesia Lokot.” Malaysian Palm Oil Council (MPOC) 21, no. 1 (2020): 1–9. https://doi.org/http://journal.um-surabaya.ac.id/index.php/JKM/article/view/2203%0Ahttp://mpoc.org.my/malaysian-palm-oil-industry/.
Muhtadin. “Interview.” Gresik, 23 Juni, 2024.
Mujahidin, Muhammad Imran, Nasrullah Bin Sapa, Fasiha, Sitti Aisya, and Trimulato. “Challenges in Waqf Management and Its Implications for the Social and Economic Welfare of Muslim Communities: A Cross-Country Comparative Analysis.” Jurnal Ilmiah Mizani 12, no. 1 (2025): 168–84. https://doi.org/10.29300/mzn.v12i1.7765.
Mukhlisin, Murniati, Abdulaziz Abdulmohsen al-Falih, Toseef Azid, and Nasim Shah Shirazi. “The Indonesian Islamic Capital Market and Achievement of Maqasad Al-SHari’ah: Success or Failure.” Islamic Economic Institutions In Indonesia: Are They Successful In Achieving The Maqasad-Al-Shari’ah, 2023. https://doi.org/10.1142/9789811272691_0012.
Nida Fithriyah. “Interview.” Gresik, 5 Juli, 2024.
Nofianti, Leny, Murniati Mukhlisin, and Andi Irfan. “Cash Waqf Innovation in Islamic Financial Institutions and Its Governance Issues, Case Studies: Indonesia, Malaysia, Türkiye.” Journal of Islamic Accounting and Business Research, 2024. https://doi.org/10.1108/JIABR-12-2023-0420.
Nour Aldeen, Khaled, Inayah Swasti Ratih, and Risa Sari Pertiwi. “Cash Waqf from the Millennials’ Perspective: A Case of Indonesia.” ISRA International Journal of Islamic Finance. emerald.com, 2022. https://doi.org/10.1108/IJIF-10-2020-0223.
Putra, Haris Maiza, Hisam Ahyani, Nanang Naisabur, Muharir, and Chikal Anugrah Putra Naisabur. “Reconstruction of the Practice of Siyasa Syar’iyyah During the Islamic Empire’s Relevance to the Practice of Sharia Financing CWLS Retail in Indonesia.” Al-Istinbath: Jurnal Hukum Islam 8, no. 2 (2023): 347–68. https://doi.org/10.29240/jhi.v8i2.8057.
Rana, Kritika, Prakash Poudel, and Ritesh Chimoriya. “Qualitative Methodology in Translational Health Research: Current Practices and Future Directions.” Healthcare (Switzerland). mdpi.com, 2023. https://doi.org/10.3390/healthcare11192665.
Rohmana, Yana, Juliana Juliana, Suci Aprilliani Utami, Shafinar Ismail, and Ropi Marlina. “Factors Affecting Students’ Intention To Donate Cash Waqf: The Mediating Role of Literacy in Indonesia.” ISRA International Journal of Islamic Finance 16, no. Special Issue 1 (2024): 46–70. https://doi.org/10.55188/ijif.v16iS1.552.
Said, Muhammad M., Dwi Irianti Hadiningdyah, and S. Andi Bahri. “Cross-Sector Collaboration and Innovation in Cash Waqf Linked Sukuk in Indonesia.” Innovative Ventures and Strategies in Islamic Business, 2024. https://doi.org/10.4018/979-8-3693-3980-0.ch020.
Selvi Aggraini. “Interview.” Gresik, 3 September 2023, 2024.
Siregar, Saparuddin, M. Ridwan, Hilyati Inayah Siregar, and Muhammad Fitri Rahmadana. “Proposed Model of Sharia Bank Share Ownership Through Waqf Funds.” Journal of Ecohumanism 3, no. 4 (2024): 2659–69. https://doi.org/10.62754/joe.v3i4.3784.
Sukmana, Raditya, Ririn Tri Ratnasari, Rifaldi Majid, and Muhammad Hakimi Mohd Shafiai. “Designing Waqf-Based Financing Model for Livestock Project: Empirical Evidence from Indonesia.” International Journal of Islamic and Middle Eastern Finance and Management 17, no. 3 (2024): 599–617. https://doi.org/10.1108/IMEFM-06-2023-0211.
Suwandari, Yunita Dian, and Azeanita Binti Suratkon. “Proposed Alternative Financial Model for a Water Supply Project Using Green Finance (Cash Waqf Funding).” Lecture Notes in Civil Engineering, 2025. https://doi.org/10.1007/978-981-96-5654-7_83.
Syibly, M. Roem. “Cash Waqf Literacy in Indonesia and Malaysia: An Analysis of Journal Publications and Trends (2018-2023).” Millah: Journal of Religious Studies 23, no. 2 (2024): 681–702. https://doi.org/10.20885/millah.vol23.iss2.art6.
Timur, Yan Putra, Ramdani, Irfan Ramia, Nurwinsyah Rohmaningtyas, Maryam Bte Badrul Munir, and Siti Fatimah Binti Mohd Kassim. “How Far Cash Waqf Research by Indonesian Researchers Supports the SDGs?: A Bibliometric Analysis and Systematic Literature Reviews.” Multidisciplinary Reviews 8, no. 12 (2025). https://doi.org/10.31893/multirev.2025387.
Wijaya, Rusdiana Priatna. “Cash Waqf Linked Dinfra (Cwl-Fra) As Waqf Innovation Model Integrated With Infrastructure Instrument for National Economic Recovery and Sustainability.” Malaysian Journal of Syariah and Law 11, no. 2 (2023): 330–43. https://doi.org/10.33102/mjsl.vol11no2.422.
Yakin, I, H. Penelitian Kualitatif: Metode Penelitian Kualitatif. Jurnal EQUILIBRIUM. Vol. 5. Malang: UNISMA Press, 2023.
The journal operates an Open Access policy under a Creative Commons Non-Commercial Share-Alike license. All articles published Open Access will be immediately and permanently free for everyone to read and download.
• Creative Commons Attribution-NonCommercial (CC-BY-NC)
Iqtishadia: Jurnal Ekonomi dan Perbankan Syariah by http://ejournal.iainmadura.ac.id/index.php/iqtishadia is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Based on a work at http://ejournal.iainmadura.ac.id.
