Waqf 4.

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Raditya Sukmana
Profesor Ekonomi Islam
Fakultas Ekonomi dan Bisnis
Universitas Airlangga
 Outline
• Waqf in theory (in brief)
• Current practice of Waqf
• Waqf and Curriculum
• Waqf and IT
 Waqf and RIBA
-Prof Murad Cizakca:
If you want to get rid of RIBA ,develop waqf
 Needs for legacy

• Shadaqah jariyah = wakaf

• Passive income passive reward”
• Knowledge the he or she leaves behind
 Type
charity Zakat WAKAF
Status Sunnah Obligatory Sunnah
Recipient Free 8 ashnaf Free
Nature Free Consumptive Preservation on
corpus
(consumptive
and Productive)

Differences
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7
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Wakaf al Malik Abdul Aziz lil Haromain Asy Syarifain (
Wakaf dari Raja Abdul Aziz untuk 2 Masjid : Masjidil
Haram dan Masjid Nabawi )

9
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 RS Rumah Sehat Terpadu DD
RS. Rumah Sehat Terpadu (RST)
adalah sebuah model rumah
penyembuhan yang memberikan
pelayanan kesehatan secara
cuma-cuma bagi kaum dhuafa
(tidak mampu) dengan
pendekatan kehangatan
keluarga, ketepatan waktu,
professional dan sentuhan hati.

Berdiri di atas lahan seluas 7.803

m2, di desa Jampang Kec.
Kemang, Bogor Jawa barat, RS
Rumah Sehat Terpadu siap
melayani kaum dhuafa yang
selama ini sulit mendapatkan
akses kesehatan secara
memadai. Di Tahun pertama
pengoperasian rumah sakit ini,
kami berharap mampu melayani
minimal 54.000 pasien dhuafa.

Dibangun dari Wakaf Uang dan

Barang dengan nilai tidak kurang
11
dari Rp. 65 M
Dokumentasi Go Fish Tata Surya
 Al-Azhar University, Cairo
• Established:
– 970-972 M = madrasa
– 1961 = University status
• Established as waqf from Fatimid dynasty
• Become center of Sunni Islam studies since Saladin’s era as
well as Arabic literature
• Provide scholarships for thousands of students around the
world
• Scholarships and operational costs are met from waqf’s
profit
• Waqf assets: buildings, paddy fields, shops etc
 IIUM Endowment Fund
(IEF)(Saad, 2014)

• Salah satu divisi di IIUM

• Tujuan:
– Menerima kontribusi aset (uang tunai, saham, waqf
dll)untuk pendidikan di IIUM
– Memberikan beasiswa dan pinjaman
– Mensuport penelitian

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International Islamic university
Malaysia
Cash waqf is used to estbalish azman hashim complex where it has :
1. 3 banks
2. Cafe
3. Book shop
4. Hall.
Rental revenue per year (RM 500.000= Rp 1,5 M) for education

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 Rate Change Effective 2016
TOTAL MONTHLY WAGE
OF MUSLIM EMPLOYEE
PAST MONTHLY
CONTRIBUTION
RATE CHANGE
MONTHLY CONTRIBUTION
EFFECTIVE JUNE 2016

< $1,000 $2.00 + $1.00 $3.00 (Rp30.000)

> $1,000 to $2,000 $3.50 + $1.00 $4.50

> $2,000 to $3,000 $5.00 + $1.50 $6.50

> $3,000 to $4,000 $12.50 + $2.50 $15.00

> $4,000 to $6,000 $16.00 + $3.50 $19.50

> $6,000 to $8,000 $16.00 + $6.00 $22.00

> $8,000 to $10,000 $16.00 + $8.00 $24.00

> $10,000 $16.00 + $10.00 $26.00 (Rp 260.000)

 Total
2017 Collections
2018
Total Gross MBMF 33.1m 35.0m (Rp 350 Milyard)
Collections
Number of Payers (varies Range from 230K to 239K Range from 230K to 239K
each month) per month per month
Amount allocated for
mosques development and $10m - $12m
upgrading (1/3)
 Indonesian Cash Waqf Potential
• Population Indonesian 240 Million
• Muslem Population 85% = about 200 Million
• Assume half is not poor (100 juta)
• Each donate 1000 rupiah (10 cents –USD) per
month collect Rp 100 milyard rupiah a
month

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Ponpes Tazakka Pekalongan
Ponpes Tazakka Pekalongan
 University
(FKH, F CSR
veterinary ) companies

Waqf
land for
cow
farming

Wakaf dan meat

price stability Islamic boarding school
 Benefit
• For
– Supply of meat increase
– Price affordable
– Make meat price stabil

For companies
– Suplai daging (as raw material) kontinue
– Low price of raw material
For Universitas
– lecturer Tri Dharma Perguruan Tinggi
– students Lab
For general /pesantren
– Meat price affordable
– Stabil price of meat
– Nutrition of santri increase
 Tips Raising Funds
• “Touch the heart”
• Prepare various project for the utilization
– Library building  Rich
– House for Children Qur’anic teaching Rich
– Temporary cash waqf for university Rich
 Waqf and Curriculum: Experience of
Univ Airlangga
• Waqf socialization via video making
• Waqf on the way : enterpreneurship (course)
 Expansion of Waqf
Islamic
Bank

Waqf
Islamic
Takaful Capital
Market
 Moral Hazard
• Ilustrasi Waqf Manual:
• - sewing womannazhir need sewing
machine Rp 20 juta rupiah
• - nazhir come to Wakif A wakaf Rp 20 juta
• - nazir come to Wakif B  wakaf Rp 20 juta.
• questions
• From which money that Nazhir buy sewing
machine ? Money from A or B ? How can A or B
recognize the fraud that nazhir did?
• This is a moral Hazard Problem
 Waqf Blockchain
• - sewing woman nazhir need
machine Rp 20 juta rupiah
• -Nazhir Upload funds need 20 juta
(tekhnologi Blockchain)
• -Wakif A give 20 juta and get
encrypted code
• Encrypted code ( amount of funds, time,
name, objetive etc)
• -Encrypted code will record the journey
of the money until the sewing machine
shop
• If Nazhir fraud use it to buy
photocoy machine  then it will be
detected.
• Facilitate nonfiscal Public Goods burden of
government can be reduced
• Open New and large job Opportunity
Construksi,, marketer, IT, accounting etc
• Amal Jariyah for wakif
• Increase Transparance and satisfaction for
wakif via blockchain
• Increase the welfare and quality of life for
mauquf ‘alaih(Education, health, job
opportunity, etc)

Manfaat optimalisasi
wakaf
 three possible situations
– Firstly, it can remain in the form of cash whereby
only proceed from investment used for the
– beneficiaries and principle goes back into the
cycle for investment. Secondly it is transformed
– into a tangible asset that generates income to buy
another asset. Thirdly, it is used to possess
– immovable assets such as buildings or land.
 TERIMA KASIH
Prof.DR.Raditya Sukmana
(Ketua Departemen Ekonomi Syariah FEB Universitas Airlangga, Surabaya )
• Tempat, Tgl Lahir : Surabaya, 13 April 1976 (43 tahun)
• Pendidikan
• S1 Manajemen (Keuangan) Univ Airlangga (lulus 1999)
• S2 Economics Georgia State University USA (lulus 2002)
• S3 Economics International Islamic University Malaysia (lulus 2010)

• Jabatan Akademik
• Lektor (2011)
• Lektor Kepala (2015)
• Profesor (2019)

• Visiting Scholar IRTI Islamic Development Bank Dec 2014-Jan 2015, Jeddah,
Arab Saudi

• Penulis dalam 9 Journal Scopus (H-Index 3)

• Pemakalah Ekonomi Islam di Bayero University (Nigeria,2017), Harvard

University (USA,2014), Cambridge University (UK,2012), La Trobe University
(Australia, 2009), Oxford University (UK,2005), dll

• Email, No tilp/wa: raditya-s@feb.unair.ac.id, 0878 5421 6776