Optimization of Cash Waqf Linked Sukuk Collection in Islamic Banks

Ida Syafrida, Indianik Aminah, Taufik Awaludin, Enny Savitri, Chaerunnisa Fajri

Abstract


This study aims to identify optimization strategies in collecting Cash Waqf Linked Sukuk (CWLS). CWLS is a combination of financial and social instruments issued by the Indonesian government through the ministry of finance. This study uses a qualitative descriptive approach with data from interviews, then by using the IFAS-EFAS matrix method and SWOT analysis CWLS collection strategy is formulated. Research sources are 5 practitioners from Islamic banks as CWLS distribution partners: Bank Muamalat, Bank Syariah Indonesia, Bank Mega Syariah, Bank Bukopin Syariah, and Bank Jawa Banten Syariah.  The SWOT analysis of CWLS funds collection results: the biggest strength is the bank's good reputation. The biggest weakness of Human Resources's understanding of cash waqf is still low. The main opportunity lies in a large number of middle-class Moslems in Indonesia and the main threat is that there are several substitute products for waqf/philanthropy types and the different priority programs from Nazir.  The most appropriate strategy for raising CWLS funds is the SO (Strength-Opportunity) strategy, by socializing CWLS through social media and digital platforms owned by banks, as well as through talk shows and webinars. Islamic banks conduct CWLS marketing to priority customers, retail customers, corporate customers, and institutional customers, both government and private institutions through employees at Islamic bank’s branch offices.  Another important thing to optimize the collection of CWLS, Islamic banks need to maximize the role and synergy with Nazir and regulators, especially in terms of socialization and marketing of CWLS.


Full Text:

PDF

References


Al Arif, M. N. R. (2012). Wakaf Uang dan Pengaruhnya Terhadap Program Pengentasan

Kemiskinan. Jurnal Indo-Islamika, Vol. 2, No. 1, 17–29.

Amin, H., Abdul‐Rahman, A. R., Ramayah, T., Supinah, R., & Mohd‐Aris, M. (2014). Determinants of

online waqf acceptance: An empirical investigation. The Electronic Journal of Information

Systems in Developing Countries, 60(1), 1-18.

Ash-Shiddiqy, M. (2018). Pengaruh Pendapatan, Religiusitas, Jarak Lokasi, Tingkat Pendidikan dan

Akses Informasi Terhadap Minat Masyarakat untuk Berwakaf Uang di Badan Wakaf Uang

Tunai MUI DIY. Panangkaran: Jurnal Penelitian Agama dan Masyarakat. Vol. 2, No. 2, 249-262

Astuti, W., & Prijanto, B. (2021). Faktor yang Memengaruhi Minat Muzaki dalam Membayar Zakat

Melalui Kitabisa.com: Pendekatan Technology Acceptance Model dan Theory of Planned

Behavior. Al-Muzara’ah. Vol. 9, No. 1, 21-44.

Aziz, M. R. A., Yusof, M. A., Johari, F., & Sabri, H. (2014). Relationship Between Level of Income and

Method of Contribution and Appointment of Islamic Waqf Bank as an Agent in Collecting Waqf

Fund. Journal of Emerging Economies & Islamic Research, 2(2).

Badan Wakaf Indonesia. (2011. 1 April). Diakses pada tanggal 20 Juli 2021, dari

Bwi.go.id:https://www.bwi.go.id/553/2011/04/01/standarisasi-dan-profesionalismenazhir-di-indonesia/

Badan Wakaf Indonesia. (2021. 22 Juni). Diakses pada tanggal 20 Juli 2021, dari Bwi.go.id:

https://www.bwi.go.id/7042/2021/06/22/update-daftar-nazhir-wakaf-uang-21-juni2021/

Badan Wakaf Indonesia. (2021. 26 Februari). Diakses pada tanggal 20 Juli 2021, dari Bwi.go.id:

https://www.bwi.go.id/wp-content/uploads/2021/02/Daftar-Nazhir-Wakaf-Uang-feb2021-1.pdf

Badan Wakaf Indonesia. (2021. 5 Februari). Diakses pada tanggal 24 Agustus 2021, dari Bwi.go.id:

https://www.bwi.go.id/5926/2021/02/05/menelisik-manfaat-potensi-wakaf-uang-untukbantu-kaum-dhuafa/

Badan Wakaf Indonesia. Diakses pada tanggal 20 Maret 2021. https://www.wakafuang.bwi.go.id/

Chrisna, H., Noviani, & Hernawaty. (2021). Faktor-Faktor yang Mempengaruhi Minat Berwakaf

Tunai pada Jamaah Majelis Taklim Istiqamah Kelurahan Tanjung Sari Medan. Jurnal

Akuntansi Bisnis & Publik, Vol. 11, No. 2, 71-72.

CNN Indonesia. (2021, 16 Juni). Indonesia Jadi Negara Paling Dermawan Di Dunia Veris CAF.

Diakses pada tanggal 30 Juli 2021. Dari cnnindonesia.com:

https://www.cnnindonesia.com/gaya-hidup/20210616203157-284-655367/

indonesia-jadi-negara-paling-dermawan-di-dunia-versi-caf

Cupian & Najmi, N. (2020). Analisis Faktor-Faktor yang Mempengaruhi Persepsi Masyarakat

Terhadap Wakaf Uang di Kota Bandung. Jurnal Ilmiah Ekonomi Islam, Vol. 6, No. 2, 151-162.

Fahlevi, R. (2018). Inklusi Keuangan Syariah melalui Inovasi Fintech di Sektor Filantropi.

Batusangkar International Conference III. 205-212.

Falahuddin, Fuadi, & Ramadhan, M. R. (2019). Faktor-Faktor yang Mempengaruhi Minat Wakaf

Masyarakat di Kota Lhokseumawe. Jurnal Ekonomi dan Manajemen Teknologi, Vol. 3, No. 2,

-84.

Fauziah, U. (2017). Survey motivasi, persepsi, sikap, religiusitas wakif Kota Tangerang Selatan

[skripsi]. Jakarta, UIN Syarif Hidayatullah

Hasim, K. dkk. (2016). Analisis Faktor-Faktor yang Mempengaruhi Penghimpunan Wakaf Uang di

Indonesia (Pendekatan Analytical Network Process). Jurnal Al-Muzara’ah, Vol. 4, No. 2, 127-

Hayati, A. K., Senjiati, I. H., & Hidayat, Y. R. (2020). Pengaruh Literasi terhadap Minat Wali Santri

Kuttab Al-Fatih Bandung Berwakaf melalui Uang. Prosiding Hukum Ekonomi Syariah, Vol. 6,

No. 2, 458-459.

Htay, S. N. N., Mohamed, M. O., & Osman, A. F. (2012). Determinants of cash waqf giving in Malaysia:

survey of selected works.

Ichwan, A., Ghofur, R. A. (2020). Pengaruh Technology Acceptance Model terhadap Keputusan

Keputusan Muzakki Membayar Zakat Melalui Fintech Gopay. Jurnal Ilmiah Ekonomi Islam, Vol.

, No. 2, 129-135.

Ismawati, Y. dan Anwar, K.M. (2019). Pengaruh Persepsi Masyarakat Tentang Wakaf Uang

Terhadap Minat Berwakaf Uang Di Kota Surabaya. Jurnal Ekonomi Islam, Vol.2, No. 3, 129-138.

Kashif, M., & de Run, E. C. (2015). Money donations intentions among Muslim donors: An extended

theory of planned behavior model. International Journal of Nonprofit and Voluntary Sector

Marketing, Vol. 20, No. 1, 84–96.

Lita, H. N., & Utama, Z. M. (2014). Wakaf Produktif Dihubungkan dengan Undang-Undang Nomor

Tahun 2004 tentang Wakaf. Jurnal Al-Awqaf, 7(2), 1-21.

Lubis, H. (2020). Potensi dan Strategi Pengembangan Wakaf uang di Indonesia. IBF: Islamic

Business and Finance, Vol. 1, No.1, 43-59.

Nuraini, I., Takidah, E., & Fauzi, A. (2018). Faktor-Faktor yang Mempengaruhi Intensi dalam

Membayar Wakaf Uang pada Pegawai Kantor Wilayah Kementerian Agama Provinsi Dki

Jakarta. Jurnal Ekonomi Syariah dan Bisnis, Vol. 1, No. 2, 97-108.

Osman, A. F., Mohammed, M. O., & Fadzil, A. (2015). Factor Influencing Cash Waqf Behavior: A

Revised Theory of Planned Behavior. Journal of Global Business and Social Entrepreneurship,

Vol. 1, No. 2, 12-25

Osman, A. F., Mohammed, M. O., & Amin, H. (2014). An analysis of cash waqf participation among

young intellectuals.

Peraturan Badan Wakaf Indonesia Nomor 01 Tahun 2020 Tentang Pedoman Pengelolaan dan

Pengembangan Harta Benda Wakaf

Peraturan Pemerintah No.42 tahun 2006 tentang pelaksanaan Undang Undang nomor 41 tahun

tentang wakaf

Pramudia, R. A., & Syarief, M. E. (2020). Pengaruh Persepsi Pengetahuan, Informasi, dan

Religiusitas terhadap Minat Berwakaf Uang. Jurnal Justisia Ekonomi, Vol. 4, No. 2.

Rangkuti, F. (2019). Analisis SWOT Teknik Membedah Kasus Bisnis. Jakarta: Gramedia Pustaka.

Rusydiana, A.S. dan Rahayu, S.S. (2019). Bagaimana Strategi Pengembangan Wakaf Uang di

Indonesia. Jurnal Ekonomi san Bisnis Islam, Vol.5, No.1, 15-33.

Rawanti, N. & Murtani, A. (2019). Analisis Faktor-Faktor yang Mempengaruhi Minat Masyarakat

dalam Menunaikan Wakaf (Studi di Badan Wakaf Indonesia Sumatera Utara). Jurnal FEB, Vol.

, No. 1, 68

Septiyani, R. dkk. (2018). Telaah Strategi Fundraising Wakaf Uang Mewujudkan Pemberdayaan

Masyarakat (Studi Kasus Kawasan Baitul Maal Hidayatullah Perwakilan Jawa Timur).

ISLAMIC ECONOMICS QUOTIENT, Vol. 1, No. 2, 6-19.

Suryadi, N. dan Yusnelly, A. (2019). Pengelolaan Wakaf Uang di Indonesia. Syarikat: Jurnal Rumpun

Ekonomi Syariah, Vol.2, No.1, 27-36.

Undang Undang Nomor 41 Tahun 2004 Tentang Wakaf

Yusof, M. A., Aziz, M. R. A., & Johari, F. (2013). The relationship between level of income and

willingness of Muslim community to contribute for Islamic Waqf bank. In 5th Islamic

Economic System Conference (iECONS 2013), Berjaya Times Square Hotel, Kuala Lumpur on

th-5th September.

Yusof, M. F. M., Yusof, M. F. M., Hasarudin, M. H., & Romli, N. (2014). Cash waqf and infaq: a

proposed e-philanthropy in Malaysia. Jurnal Kemanusiaan, 12(1)


Refbacks

  • There are currently no refbacks.


Proceeding International Conference of Islamic Economics and Business (ICONIEB)

Published by Faculty of Islamic Economics and Business, Kudus, Indonesia

Jl. Conge Ngembalrejo Kode Pos 51 Kudus 59322 Tlp. (0291) 432677, 438818, Faksimile 441613 

Proceeding International Conference of Islamic Economics and Business (ICONIEB) by Faculty of Islamic Economics and Business, State Islamic Institute (IAIN) of Kudus, Kudus, Indonesia is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.