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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 Institute 2018
Subjects:
HB126.4 Islamic Economics
HJ1438 Public Finance In Islam
Online Access:http://irep.iium.edu.my/64570/1/64570_Waqf%20fundraising%20management.pdf
http://irep.iium.edu.my/64570/
http://jimf-bi.org/index.php/JIMF/article/view/776
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spelling my.iium.irep.645702023-09-29T08:55:17Z 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 Institute 2018-05-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/64570/1/64570_Waqf%20fundraising%20management.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. 153-178. ISSN 2460-6146 E-ISSN 2460-6618 http://jimf-bi.org/index.php/JIMF/article/view/776 10.21098/jimf.v3i0.776
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 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 Institute
publishDate 2018
url http://irep.iium.edu.my/64570/1/64570_Waqf%20fundraising%20management.pdf
http://irep.iium.edu.my/64570/
http://jimf-bi.org/index.php/JIMF/article/view/776
_version_ 1781777334288777216
score 13.211869

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