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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Bank Indonesia Institute
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/1/64570_Waqf%20fundraising%20management.pdf |
| _version_ | 1848786241346076672 |
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| 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 |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T17:05:54Z |
| format | Article |
| id | iium-64570 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:05:54Z |
| publishDate | 2018 |
| publisher | Bank Indonesia Institute |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-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 |
| 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 |
| title | 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_short | 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 |
| topic | HB126.4 Islamic Economics HJ1438 Public Finance In Islam |
| url | http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/ http://irep.iium.edu.my/64570/1/64570_Waqf%20fundraising%20management.pdf |