PRODUCTIVE WAQF AND SOCIO-ECONOMIC DEVELOPMENT: A CASE STUDY OF NAHDLATUL ULAMA INDONESIA
DOI:
https://doi.org/10.22452/syariah.vol33no2.4Keywords:
productive waqf, nonprofit institution, traditional Islamic faith-based organisation, socio-economic development, Nahdlatul UlamaAbstract
This article analyses the productive waqf within a waqf agency classified as a nonprofit institution with a traditional Islamic faith-based organisation, namely Nahdlatul Ulama (NU), Indonesia. A qualitative methodology was utilised, specifically through interviews with the waqf board, waqf managers, and the beneficiaries of waqf projects aimed at the socio-economic development of the Muslim community. The findings show that NU's traditional Islamic identity does not signify a dismissal of contemporary management and organisational strategies; instead, these strategies are adapted to optimise the productivity of waqf assets. The waqf agency's affiliative or non-hierarchical organisational aspect significantly contributes to its productivity, surpassing its structural part's role and influence. Second, the waqf projects undertaken by NU encompass and beneficially influence all sectors of socio-economic development. Fundamentally, although the project's principal emphasis is education, it has expanded to encompass all socio-economic sectors. Third, a study of both opportunities and challenges suggests that this waqf agency should augment its efforts to optimally leverage its internal strengths, particularly the number of members and sympathisers, in the context of cash waqf collection and empowerment.
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