Management And Strategy In Waqf Institution: A Systematic Literature Review Manajemen Dan Strategi Lembaga Wakaf: Tinjauan Pustaka yang Sistematis
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Published:
Oct 4, 2022
Keywords:
Management, Strategy, Waqf, Awqaf, Systematic Literature Review
Main Article Content
Abstract
Waqf management has not been carried out optimally, waqf has not been able to play a prominent role in people's social life. Reflecting on the heyday of the Ottoman Turks, waqf was so dominant and occupied an important position. The current reality many waqf assets are unproductive and run conservatively. Therefore, this research is essential to see how waqf institutions can implement various strategies so that waqf becomes productive. The Systematic Literature Review approach explores multiple strategies by various waqf institutions. The study results show, that the strategy adopted by waqf institutions has succeeded in producing waqf assets, So waqf institutions can be more effective and efficient in carrying out their operations.
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Articles
Copyright (c) 2022 Ramdani Ramdani
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Ahmed, H. (2007). Waqf-based Microfinance: Realizing the Social Role of Islamic Finance. International Seminar on “Integrating Awqaf in the Islamic Financial Sector,” 22.
Ahmed, H. (2019). Legal Constraints to the Development of Waqf. In K. M. Ali, M. K. Hassan, & A. elrahman E. S. Ali (Eds.), Revitalization of Waqf for Socio-Economic Development, Volume II (pp. 153–174). Springer International Publishing. https://doi.org/10.1007/978-3-030-18449-0_8
Alssadi, A. A. (2020). Waqf Company: Concept, Rulings and The Practice in the Kingdom of Saudi Arabia. Journal of Economic Cooperation & Development, 41(4), 161–189. ABI/INFORM Collection.
Amuda, Y. J. (2019). Application of Waqf Property as a Financial Instrument for the Internally Displaced Persons (IDPs) in Nigeria. Journal of Legal, Ethical and Regulatory Issues, 22, 1–11. ABI/INFORM Collection.
Artha, E. U., Medias, F., & Pambuko, Z. B. (2020). Evaluation of wakafMu fundraising platform using HOT-FIT method. Journal of Physics: Conference Series, 1517(1). Publicly Available Content Database. https://doi.org/10.1088/1742-6596/1517/1/012095
Azzam, A., & Rettab, B. (2022). Comparative tfp growth between gcc conventional and islamic banks before and after the 2008 financial crisis. The Singapore Economic Review, 67(01), 289–308. https://doi.org/10.1142/S0217590820420047
Bidin, R., Razak, M. N. F., Mohamad, B., Osman, M. N., Abu Bakar, M. S., Tham, J. S., Atan, R., Handayati, P., & Utaberta, N. (2021). Halal Industry’s Organizational Performance Factors: A Systematic Literature Review. Pertanika Journal of Social Sciences and Humanities, 29(4), 2545–2568. https://doi.org/10.47836/pjssh.29.4.25
Gamon, A. D., & Tagoranao, M. S. (2018). The Role of Waqf Properties in the Development of the Islamic Institutions in the Philippines: Issues and Challenges. Intellectual Discourse, 26, 1191. Publicly Available Content Database.
Hasan, R., Ahmad, A. U. F., & Siraj, S. A. B. (2022). Building Trust in Waqf Management-Implications of Good Governance and Transparent Reporting. The Singapore Economic Review, 67(1). ABI/INFORM Collection. https://doi.org/10.1142/S0217590820420059
Horváth, J., Bačík, R., & Fedorko, R. (2021). Analytical View of Consumer Patterns of Behavior in Searching through Mobile Communication Platforms in E-Commerce Conditions. Megatrendy a Médiá, 8(1), 387–397.
Islahi, A. A. (2018). The Role of Women in the Creation and Management of Awqāf: A Historical Perspective. Intellectual Discourse, 26, 1025. Publicly Available Content Database.
Kadir, M. R. A., Sapuan, N. M., & Ramli, J. A. (2018). Intention to Make Waqf Contribution by Muslim Employees. Global Business and Management Research, 10(3), 429. ABI/INFORM Collection.
Kamaruddin, M. I. H., & Hanefah, M. M. (2021). An empirical investigation on governance practices in institutions in Malaysia. Journal of Financial Reporting and Accounting, 19(3), 455–473. https://doi.org/10.1108/JFRA-03-2020-0055
Kasri, R. A., & Chaerunnisa, S. R. (2022). The role of knowledge, trust, and religiosity in explaining the online cash waqf amongst Muslim millennials. Journal of Islamic Marketing, 13(6), 1334–1350. https://doi.org/10.1108/JIMA-04-2020-0101
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Kuanova, L. A., Sagiyeva, R., & Shirazi, N. S. (2021). Islamic social finance: A literature review and future research directions. Journal of Islamic Accounting and Business Research, 12(5), 707–728. https://doi.org/10.1108/JIABR-11-2020-0356
Liberati, A., Altman, D. G., Tetzlaff, J., Mulrow, C., Gøtzsche, P. C., Ioannidis, J. P. A., Clarke, M., Devereaux, P. J., Kleijnen, J., & Moher, D. (2009). The PRISMA statement for reporting systematic reviews and meta-analyses of studies that evaluate health care interventions: Explanation and elaboration. Journal of Clinical Epidemiology, 62(10), e1–e34. https://doi.org/10.1016/j.jclinepi.2009.06.006
Lomineishvili, K. (2021). How Entrepreneurial Management and Continuous Learning Affect the Innovation and Competitiveness of Companies? Economic Alternatives, 27(3), 459–468. https://doi.org/10.37075/EA.2021.3.08
Manaf, Z. I. A., Kader, S. Z. S. A., & Mohamad, N. A. (2019). Examining the Evolution of Waqf Regulations in Selangor_ an Analysis of the Governance Framework and Transformative Approach. IIUM Law Journal, 27(2), 337–365. ABI/INFORM Collection.
Mohammad, M. T. S. H. (2018). Maqāṣid al-Sharī’ah and Waqf: Their Effect on Waqf Law and Economy. Intellectual Discourse, 26, 1065. Publicly Available Content Database.
Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M., Shekelle, P., Stewart, L. A., & PRISMA-P Group. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement. Systematic Reviews, 4(1), 1. https://doi.org/10.1186/2046-4053-4-1
Mutalib, H. A., & Maamor, S. (2016). Utilization of Waqf Property: Analyzing an Institutional Mutawalli Challenges in Management Practices. 6, 6.
Noordin, N. H., Haron, S. N., & Kassim, S. (2017). Developing a comprehensive performance measurement system for waqf institutions. International Journal of Social Economics, 44(7), 921–936. ABI/INFORM Collection. https://doi.org/10.1108/IJSE-09-2015-0257
Purnamasari, V., Yusida, E., Qurrata, V. A., Merlinda, S., Seprillina, L., & Huang, W.-C. (2021). Determinants of Cash Waqf Awareness in Indonesia: An SEM Approach. Review of Integrative Business and Economics Research, 10, 145–152. ABI/INFORM Collection.
Raja, A. R. A. binti, Abdul, M. M., & Ab, A. M. R. (2021). Factors necessary for effective corporate waqf management for Malaysian public healthcare. ISRA International Journal of Islamic Finance, 14(1), 73–88. https://doi.org/10.1108/IJIF-11-2019-0178
Ramdani, R. (2021). Systematic Literature Review on Islamic Endowment Funds (Waqf) Between Years 2016 to 2020. Library Philosophy and Practice (e-Journal). https://digitalcommons.unl.edu/libphilprac/5307
Rose, A., & Ismail, A. G. (2017). Taking stock of the waqf-based Islamic microfinance model. International Journal of Social Economics, 44(8), 1018–1031. ABI/INFORM Collection. https://doi.org/10.1108/IJSE-06-2015-0176
Sapuan, N. M., Rajadurai, J., Zeni, N. A. M., & Hashim, S. L. M. (2018). Developing a Holistic Business Model for an Efficient Waqf Property in Malaysia. Global Business and Management Research, 10(3), 445. ABI/INFORM Collection.
Setia, A. (2018). Reintegrating the Legal into the Social: Reviving Islamic Transactional Law in the Context of the Civil Economy, with Special Reference to Waqf. Law and Development Review, 11(1), 209–250. ABI/INFORM Collection. https://doi.org/10.1515/ldr-2017-0053
Shaikh, I. A. (2018). The Foundations of Waqf Institutions: A Historical Perspective. Intellectual Discourse, 26, 1213. Publicly Available Content Database.
Sukmana, R. (2020). Critical assessment of Islamic endowment funds (Waqf) literature: Lesson for government and future directions. Heliyon, 6(10), e05074. https://doi.org/10.1016/j.heliyon.2020.e05074
Syarief, E. (2021). Optimization of waqf land management in Indonesia. International Journal of Research in Business and Social Science, 10(2), 270–283. ABI/INFORM Collection. https://doi.org/10.20525/ijrbs.vI0i2.1076
Thabith, M. B. M., & Mohamad, N. A. (2021). Waqf and Its Legal Framework in Sri Lanka: A Preliminary Study 1. Intellectual Discourse, 29(2), 359–378. Publicly Available Content Database.
Umar, U. H. (2020). The business financial inclusion benefits from an Islamic point of view: A qualitative inquiry. Islamic Economic Studies, 28(1), 83–100. https://doi.org/10.1108/IES-09-2019-0030
Umar, U. H., Ado, M. B., & Ayuba, H. (2020). Is religion (interest) an impediment to Nigeria’s financial inclusion targets by the year 2020? Qualitative Research in Financial Markets, 12(3), 283–300. https://doi.org/10.1108/QRFM-01-2019-0010
Wu, T. H. (2018). From Waqf, Ancestor Worship to the Rise of the Global Trust: A History of the Use of the Trust as a Vehicle for Wealth Transfer in Singapore. Iowa Law Review, 103(5), 2263–2292. ABI/INFORM Collection.
Zain, N. R. B. M., Hassan, R., & Mustaffha, N. (2018). Waqf Institutions in Malaysia: Appreciation of Wasaṭiyyah Approach in Internal Control as a Part of Good Governance. Intellectual Discourse, 26(2), 749. Publicly Available Content Database.
Zeni, N. A. M., & Sapuan, N. M. (2018). The Determinants of Waqf Efficiency in Malaysia. Global Business and Management Research, 10(3), 1092. ABI/INFORM Collection.
Abdullah, M. (2020). Islamic endowment (Waqf) in India: Towards poverty reduction of Muslims in the country. Journal of Research in Emerging Markets, 2(2), 48–60. ABI/INFORM Collection; Publicly Available Content Database. https://doi.org/10.30585/jrems.v2i2.482
Ahmad, M. (2015). Role of Waqf in Sustainable Economic Development and Poverty Alleviation: Bangladesh Perspective. Journal of Law, Policy and Globalization, 42, 118.
Ahmed, H. (2007). Waqf-based Microfinance: Realizing the Social Role of Islamic Finance. International Seminar on “Integrating Awqaf in the Islamic Financial Sector,” 22.
Ahmed, H. (2019). Legal Constraints to the Development of Waqf. In K. M. Ali, M. K. Hassan, & A. elrahman E. S. Ali (Eds.), Revitalization of Waqf for Socio-Economic Development, Volume II (pp. 153–174). Springer International Publishing. https://doi.org/10.1007/978-3-030-18449-0_8
Alssadi, A. A. (2020). Waqf Company: Concept, Rulings and The Practice in the Kingdom of Saudi Arabia. Journal of Economic Cooperation & Development, 41(4), 161–189. ABI/INFORM Collection.
Amuda, Y. J. (2019). Application of Waqf Property as a Financial Instrument for the Internally Displaced Persons (IDPs) in Nigeria. Journal of Legal, Ethical and Regulatory Issues, 22, 1–11. ABI/INFORM Collection.
Artha, E. U., Medias, F., & Pambuko, Z. B. (2020). Evaluation of wakafMu fundraising platform using HOT-FIT method. Journal of Physics: Conference Series, 1517(1). Publicly Available Content Database. https://doi.org/10.1088/1742-6596/1517/1/012095
Azzam, A., & Rettab, B. (2022). Comparative tfp growth between gcc conventional and islamic banks before and after the 2008 financial crisis. The Singapore Economic Review, 67(01), 289–308. https://doi.org/10.1142/S0217590820420047
Bidin, R., Razak, M. N. F., Mohamad, B., Osman, M. N., Abu Bakar, M. S., Tham, J. S., Atan, R., Handayati, P., & Utaberta, N. (2021). Halal Industry’s Organizational Performance Factors: A Systematic Literature Review. Pertanika Journal of Social Sciences and Humanities, 29(4), 2545–2568. https://doi.org/10.47836/pjssh.29.4.25
Gamon, A. D., & Tagoranao, M. S. (2018). The Role of Waqf Properties in the Development of the Islamic Institutions in the Philippines: Issues and Challenges. Intellectual Discourse, 26, 1191. Publicly Available Content Database.
Hasan, R., Ahmad, A. U. F., & Siraj, S. A. B. (2022). Building Trust in Waqf Management-Implications of Good Governance and Transparent Reporting. The Singapore Economic Review, 67(1). ABI/INFORM Collection. https://doi.org/10.1142/S0217590820420059
Horváth, J., Bačík, R., & Fedorko, R. (2021). Analytical View of Consumer Patterns of Behavior in Searching through Mobile Communication Platforms in E-Commerce Conditions. Megatrendy a Médiá, 8(1), 387–397.
Islahi, A. A. (2018). The Role of Women in the Creation and Management of Awqāf: A Historical Perspective. Intellectual Discourse, 26, 1025. Publicly Available Content Database.
Kadir, M. R. A., Sapuan, N. M., & Ramli, J. A. (2018). Intention to Make Waqf Contribution by Muslim Employees. Global Business and Management Research, 10(3), 429. ABI/INFORM Collection.
Kamaruddin, M. I. H., & Hanefah, M. M. (2021). An empirical investigation on governance practices in institutions in Malaysia. Journal of Financial Reporting and Accounting, 19(3), 455–473. https://doi.org/10.1108/JFRA-03-2020-0055
Kasri, R. A., & Chaerunnisa, S. R. (2022). The role of knowledge, trust, and religiosity in explaining the online cash waqf amongst Muslim millennials. Journal of Islamic Marketing, 13(6), 1334–1350. https://doi.org/10.1108/JIMA-04-2020-0101
Kitchenham, B., Pearl Brereton, O., Budgen, D., Turner, M., Bailey, J., & Linkman, S. (2009). Systematic literature reviews in software engineering – A systematic literature review. Information and Software Technology, 51(1), 7–15. https://doi.org/10.1016/j.infsof.2008.09.009
Kuanova, L. A., Sagiyeva, R., & Shirazi, N. S. (2021). Islamic social finance: A literature review and future research directions. Journal of Islamic Accounting and Business Research, 12(5), 707–728. https://doi.org/10.1108/JIABR-11-2020-0356
Liberati, A., Altman, D. G., Tetzlaff, J., Mulrow, C., Gøtzsche, P. C., Ioannidis, J. P. A., Clarke, M., Devereaux, P. J., Kleijnen, J., & Moher, D. (2009). The PRISMA statement for reporting systematic reviews and meta-analyses of studies that evaluate health care interventions: Explanation and elaboration. Journal of Clinical Epidemiology, 62(10), e1–e34. https://doi.org/10.1016/j.jclinepi.2009.06.006
Lomineishvili, K. (2021). How Entrepreneurial Management and Continuous Learning Affect the Innovation and Competitiveness of Companies? Economic Alternatives, 27(3), 459–468. https://doi.org/10.37075/EA.2021.3.08
Manaf, Z. I. A., Kader, S. Z. S. A., & Mohamad, N. A. (2019). Examining the Evolution of Waqf Regulations in Selangor_ an Analysis of the Governance Framework and Transformative Approach. IIUM Law Journal, 27(2), 337–365. ABI/INFORM Collection.
Mohammad, M. T. S. H. (2018). Maqāṣid al-Sharī’ah and Waqf: Their Effect on Waqf Law and Economy. Intellectual Discourse, 26, 1065. Publicly Available Content Database.
Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M., Shekelle, P., Stewart, L. A., & PRISMA-P Group. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement. Systematic Reviews, 4(1), 1. https://doi.org/10.1186/2046-4053-4-1
Mutalib, H. A., & Maamor, S. (2016). Utilization of Waqf Property: Analyzing an Institutional Mutawalli Challenges in Management Practices. 6, 6.
Noordin, N. H., Haron, S. N., & Kassim, S. (2017). Developing a comprehensive performance measurement system for waqf institutions. International Journal of Social Economics, 44(7), 921–936. ABI/INFORM Collection. https://doi.org/10.1108/IJSE-09-2015-0257
Purnamasari, V., Yusida, E., Qurrata, V. A., Merlinda, S., Seprillina, L., & Huang, W.-C. (2021). Determinants of Cash Waqf Awareness in Indonesia: An SEM Approach. Review of Integrative Business and Economics Research, 10, 145–152. ABI/INFORM Collection.
Raja, A. R. A. binti, Abdul, M. M., & Ab, A. M. R. (2021). Factors necessary for effective corporate waqf management for Malaysian public healthcare. ISRA International Journal of Islamic Finance, 14(1), 73–88. https://doi.org/10.1108/IJIF-11-2019-0178
Ramdani, R. (2021). Systematic Literature Review on Islamic Endowment Funds (Waqf) Between Years 2016 to 2020. Library Philosophy and Practice (e-Journal). https://digitalcommons.unl.edu/libphilprac/5307
Rose, A., & Ismail, A. G. (2017). Taking stock of the waqf-based Islamic microfinance model. International Journal of Social Economics, 44(8), 1018–1031. ABI/INFORM Collection. https://doi.org/10.1108/IJSE-06-2015-0176
Sapuan, N. M., Rajadurai, J., Zeni, N. A. M., & Hashim, S. L. M. (2018). Developing a Holistic Business Model for an Efficient Waqf Property in Malaysia. Global Business and Management Research, 10(3), 445. ABI/INFORM Collection.
Setia, A. (2018). Reintegrating the Legal into the Social: Reviving Islamic Transactional Law in the Context of the Civil Economy, with Special Reference to Waqf. Law and Development Review, 11(1), 209–250. ABI/INFORM Collection. https://doi.org/10.1515/ldr-2017-0053
Shaikh, I. A. (2018). The Foundations of Waqf Institutions: A Historical Perspective. Intellectual Discourse, 26, 1213. Publicly Available Content Database.
Sukmana, R. (2020). Critical assessment of Islamic endowment funds (Waqf) literature: Lesson for government and future directions. Heliyon, 6(10), e05074. https://doi.org/10.1016/j.heliyon.2020.e05074
Syarief, E. (2021). Optimization of waqf land management in Indonesia. International Journal of Research in Business and Social Science, 10(2), 270–283. ABI/INFORM Collection. https://doi.org/10.20525/ijrbs.vI0i2.1076
Thabith, M. B. M., & Mohamad, N. A. (2021). Waqf and Its Legal Framework in Sri Lanka: A Preliminary Study 1. Intellectual Discourse, 29(2), 359–378. Publicly Available Content Database.
Umar, U. H. (2020). The business financial inclusion benefits from an Islamic point of view: A qualitative inquiry. Islamic Economic Studies, 28(1), 83–100. https://doi.org/10.1108/IES-09-2019-0030
Umar, U. H., Ado, M. B., & Ayuba, H. (2020). Is religion (interest) an impediment to Nigeria’s financial inclusion targets by the year 2020? Qualitative Research in Financial Markets, 12(3), 283–300. https://doi.org/10.1108/QRFM-01-2019-0010
Wu, T. H. (2018). From Waqf, Ancestor Worship to the Rise of the Global Trust: A History of the Use of the Trust as a Vehicle for Wealth Transfer in Singapore. Iowa Law Review, 103(5), 2263–2292. ABI/INFORM Collection.
Zain, N. R. B. M., Hassan, R., & Mustaffha, N. (2018). Waqf Institutions in Malaysia: Appreciation of Wasaṭiyyah Approach in Internal Control as a Part of Good Governance. Intellectual Discourse, 26(2), 749. Publicly Available Content Database.
Zeni, N. A. M., & Sapuan, N. M. (2018). The Determinants of Waqf Efficiency in Malaysia. Global Business and Management Research, 10(3), 1092. ABI/INFORM Collection.