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Waqf core principles: scope and implementation issues in Indonesia

The Waqf Core Principles (WCP) is one of the latest waqf international best practices which had been launched by Bank Indonesia (the Central Bank of Indonesia), Indonesian Waqf Board, and International Research of Training Institute-Islamic Development Bank (IRTI-IsDB) in October 2018. The WCP was m...

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Main Authors: Shandy, Freddy Primandasetio, Mohamad, Nor Asiah
Format: Book Chapter
Language:English
Published: The Islamia University of Bahawalpur Pakistan 2023
Subjects:
BPH Islamic Economics
BPH741 Waqf
BPK Islamic law. Shari'ah. Fiqh
BPK36 Islamic law (General)
K Law (General)
K720 Property Law
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
Online Access:http://irep.iium.edu.my/105202/14/105202_Waqf%20core%20principle.pdf
http://irep.iium.edu.my/105202/
http://www.iub.edu.pk
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spelling my.iium.irep.1052022023-06-22T03:49:26Z http://irep.iium.edu.my/105202/ Waqf core principles: scope and implementation issues in Indonesia Shandy, Freddy Primandasetio Mohamad, Nor Asiah BPH Islamic Economics BPH741 Waqf BPK Islamic law. Shari'ah. Fiqh BPK36 Islamic law (General) K Law (General) K720 Property Law KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh The Waqf Core Principles (WCP) is one of the latest waqf international best practices which had been launched by Bank Indonesia (the Central Bank of Indonesia), Indonesian Waqf Board, and International Research of Training Institute-Islamic Development Bank (IRTI-IsDB) in October 2018. The WCP was meant to be a guiding principle for waqf practices whether for the domestic waqf and international including cross-border waqf. In order to dissect the essence of the WCP, this paper aims to describes the coverage of the WCP, especially on the risk management aspect and examine its current implementation in Indonesia. This study also determines the WCP correlation with Indonesian positive law, both to laws issued by the executive branch and laws issued by the Indonesian Waqf Board. The research method that will be used is qualitative research. Resources will be obtained from the results of studies from some research related to WCP and regulations about the waqf sector in Indonesia. The data will be collected and then translated through exploratory and descriptive methods. The finding shows among others that the Waqf Core Principles, despite being an important Waqf guideline, still require a more comprehensive interpretation for implementation, especially when looking from the various perspectives of other laws. The issues of priority between the Sharia and positive laws, the policy consideration, technical notes as well as ratification of member countries remain relevant for effective and impactful adoption of the principles. The Islamia University of Bahawalpur Pakistan 2023-01-30 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/105202/14/105202_Waqf%20core%20principle.pdf Shandy, Freddy Primandasetio and Mohamad, Nor Asiah (2023) Waqf core principles: scope and implementation issues in Indonesia. In: Latest Thought on Global Waqf Development. The Islamia University of Bahawalpur Pakistan, Pakistan, pp. 15-33. ISBN 9798374591767 http://www.iub.edu.pk
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BPH Islamic Economics
BPH741 Waqf
BPK Islamic law. Shari'ah. Fiqh
BPK36 Islamic law (General)
K Law (General)
K720 Property Law
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
spellingShingle BPH Islamic Economics
BPH741 Waqf
BPK Islamic law. Shari'ah. Fiqh
BPK36 Islamic law (General)
K Law (General)
K720 Property Law
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
Shandy, Freddy Primandasetio
Mohamad, Nor Asiah
Waqf core principles: scope and implementation issues in Indonesia
description The Waqf Core Principles (WCP) is one of the latest waqf international best practices which had been launched by Bank Indonesia (the Central Bank of Indonesia), Indonesian Waqf Board, and International Research of Training Institute-Islamic Development Bank (IRTI-IsDB) in October 2018. The WCP was meant to be a guiding principle for waqf practices whether for the domestic waqf and international including cross-border waqf. In order to dissect the essence of the WCP, this paper aims to describes the coverage of the WCP, especially on the risk management aspect and examine its current implementation in Indonesia. This study also determines the WCP correlation with Indonesian positive law, both to laws issued by the executive branch and laws issued by the Indonesian Waqf Board. The research method that will be used is qualitative research. Resources will be obtained from the results of studies from some research related to WCP and regulations about the waqf sector in Indonesia. The data will be collected and then translated through exploratory and descriptive methods. The finding shows among others that the Waqf Core Principles, despite being an important Waqf guideline, still require a more comprehensive interpretation for implementation, especially when looking from the various perspectives of other laws. The issues of priority between the Sharia and positive laws, the policy consideration, technical notes as well as ratification of member countries remain relevant for effective and impactful adoption of the principles.
format Book Chapter
author Shandy, Freddy Primandasetio
Mohamad, Nor Asiah
author_facet Shandy, Freddy Primandasetio
Mohamad, Nor Asiah
author_sort Shandy, Freddy Primandasetio
title Waqf core principles: scope and implementation issues in Indonesia
title_short Waqf core principles: scope and implementation issues in Indonesia
title_full Waqf core principles: scope and implementation issues in Indonesia
title_fullStr Waqf core principles: scope and implementation issues in Indonesia
title_full_unstemmed Waqf core principles: scope and implementation issues in Indonesia
title_sort waqf core principles: scope and implementation issues in indonesia
publisher The Islamia University of Bahawalpur Pakistan
publishDate 2023
url http://irep.iium.edu.my/105202/14/105202_Waqf%20core%20principle.pdf
http://irep.iium.edu.my/105202/
http://www.iub.edu.pk
_version_ 1769841836705185792
score 13.211869

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