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A Dynamic Model for Cash Waqf Management as One of The Alternative Instruments for The Poverty Alleviation in Indonesia

Author

Listed:
  • Dian Masyita

    (Department of Management and Business, Faculty of Economy, Padjadjaran University)

  • Muhammad Tasrif

    (Energy Research & Development Group, Bandung Institute of Technology)

  • Abdi Suryadinata Telaga

    (Information System Department, Astra Manufacturing Polytechnic)

Abstract

This research tries to offer a design of the cash waqf management system in a system dynamics model. The Cash Waqf Management is expected to become one of the alternative instruments for the poverty alleviation programs in Indonesia. These programs require huge amount of fund that cannot be provided thoroughly by the government. Therefore, initiation of new sources of fund for such a program is inevitable. In the Islamic sosioeconomic concept, there is a source of social fund that is economically and politically free of charge, namely cash waqf. In this concept, Nadzir (cash waqf fund manager) collects the fund from Waqif (cash waqf payer) and invest the money in the real sector and in any syariah-based investment opportunities. Nadzir will then allocate profits and returns gained from the investments to poverty alleviation programs. Nadzir is obliged to maintain the amount of fund in such a way that it does not go below the initial amount. Therefore, Nadzir not only should be highly capable, but also needs an experienced financial institution in helping SMEs development efforts. Using the system dynamics methodology, we try to design the structure of cash waqf system and simulate the behaviour of cash waqf model.

Suggested Citation

  • Dian Masyita & Muhammad Tasrif & Abdi Suryadinata Telaga, 2005. "A Dynamic Model for Cash Waqf Management as One of The Alternative Instruments for The Poverty Alleviation in Indonesia," Working Papers in Business, Management and Finance 200502, Department of Management and Business, Padjadjaran University, revised Feb 2005.
    • Handle: RePEc:unp:wpaman:200502
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    File URL: http://lp3e.fe.unpad.ac.id/wpaman/200502.pdf
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    Citations

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    Cited by:

    1. repec:idn:jimfjn:v:4:y:2018:i:1d:p:1-24 is not listed on IDEAS
    2. Rindawati Maulina, 2022. "Factors Influencing the Success of Retail Cash Waqf Linked Ṣukūk (CWLS) Issuance: A Lesson from Indonesia العوامل المؤثرة في نجاح إصدار صكوك التجزئة المرتبط بالوقف النقدي (CWLS): درس من إندونيسيا," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 35(1), pages 57-74, January.
    3. Mohammad Manzoor Alam, 2018. "Potent Potential of Awqaf in Social and Economic Development إمكانيات قوية للأوقاف في التنمية الاجتماعية والاقتصادية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 101-108, July.

    More about this item

    Keywords

    cash waqf; portfolio investment; poverty alleviation; system dynamics;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General

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