Micro Waqf Bank in Indonesia: Analysis of The Constitution Concept According to The Maqashid Sharia

Authors

  • Wahyu Nugroho University of Darussalam (UNIDA) Gontor
  • Faridl Noor Hilal University of Darussalam (UNIDA) Gontor

DOI:

https://doi.org/10.21111/al-iktisab.v3i1.3905

Keywords:

Muhkamat, Mutashabihat, Endowments, Micro Waqf Bank, SMEs

Abstract

Waqf is a legal act of wakif (endower) for separating and transferring part of their wealth either permanently or for a specified period in accordance with their interests for purposes of worship and the general welfare according to sharia. Islamic law have two characters, it is normative (muhkamat) so that Islam have a unity of mind, feeling, and behavior for the people and make the people united, and temporal (mutashabihat) to open up the difference by space, time, and the condition of each with regard to the purposes of syara'. Waqf is a legal act of wakif (endower) for separating and/or transferring part of their wealth either permanently or for a specified period in accordance with their interests for purposes of worship and/or the general welfare according to sharia. Waqf or endowments often directed to unmovable objects, while waqf on moving objects is being developed lately. The idea to explore and develop the concept of waqf in Indonesia was began when Mustafa Edwin Nasution translating paper written by M. Abdul Mannan that revealed the practice of cash waqf (SIBL) in Bangladesh. The government try to do innovation in order to boost the Muslim's Economy particularly for those who are considered as a poor. The role of shariah bank and BWI and regulations is also considered ineffective, then the Government innovate by establishing institution called Micro Waqf Bank. Micro Waqf Bank is believed to increase financial inclusion, particularly in the public and small and micro businesses (SMEs) to have the easy capital. These agency is not allowed to take deposits from the public because it has focused in communities empowerment through financing with business mentoring.

References

Al-Dasuqi, Syams al-Din al-Syaikh Muhammad. Hasyiyah al-Dasuqi ‘ala al-Syarh al-Kabir. Beirut: Dar al-Fikr, t.th..

Al-Husairi, Taqiyuddin Ibn Abi Baker. Kifayah Al-Akhyar. Semarang: Usaha Keluarga, t.th.

Al-Jauziyyah, Ibn Qayyim. I’lam al-Muwaqqi’in ‘an Rabb al-‘Alamin. Kairo: Dar al-Hadist, t.th.

An-Nawawi. Tahrîr min Alfâzh at-Tanbîh. Damaskus: Dar al-Qalam, 1988.

Ar-Ramly. Nihayul al-Muhtaj ila Syarh al-Minhaj, Juz. 5. Beirut: Darul ’Ilmiah, 2003.

Badan Wakaf Indonesia. Profil Badan Wakaf Indonesia Periode 2007-2010. Jakarta: BWI, t.th.

Faujiah, Ani. “Bank Wakaf Mikro dan Pengaruhnya Terhadap Inklusi Keuangan Pelaku Usaha Kecil dan Mikro (UKM).” Proceedings: Annual Conference for Muslim Scholars, Kopertais IV, 2018.

Fauzia, Ika Yunia, and Abdul Kadir Riyadi. Prinsip Dasar Ekonomi Islam: Perspektif Maqashid al-Syari’ah. Jakarta: Kencana, 2015.

Gustani, and Suhada. “Bank Wakaf sebagai Lembaga Intermediasi Sosial (Suatu Inovasi Pemberdayaan Wakaf Tunai untuk Meningkatkan Kesejahteraan Umat).” Research, 2016.

Havita, Gusva, et. al. “Model Bank Wakaf di Indonesia dalam Potensinya untuk Mengembangkan Wakaf Uang dan Mengatasi Kemiskinan.” Prosiding Elektronik PIMNAS, PKM-GT, 2013.

http://icmi.or.id/blog/2017/01/icmi-berencana-bentuk-bank-wakaf-ventura-jokowi-beri-respon-positif

http://khazanah.republika.co.id/berita/duniaislam/islamnusantara/14/12/11/ngeqqiumatislambutuhbankwakaf,

http://mui.or.id/id/berita/ojkakanmeluncurkanbankwakafventuraakhirjuni/

http://www.republika.co.id/berita/ekonomi/syariahekonomi/17/01/24/oka9xn382icmimatangkankonsepbankwakafventura

http://www.republika.co.id/berita/ekonomi/syariahekonomi/17/01/25/okc95x384pendirianbankwakafmasihdikaji

http://www.suarasurabaya.net/mobile/ekonomibisnis/detail/2018/200481-OJK-Targetkan-40-Bank-Wakaf-di-Indonesia,-Dato-Sri-Tahir-Sudah-Jadi-Donatur

https://icmi.or.id/blog/2016/02/icmi--kami-akan-fokus-kembangkan-sistem-ekonomi-wakaf

https://nasional.kompas.com/read/2017/01/25/20334411/ojk.anjurkan.lembaga.keuangan.wakaf.berbentuk.modal.ventura

https://nasional.kompas.com/read/2017/08/07/23074831/bos-mayapada-siap-bantu-jokowi-wujudkan-program-wakaf

https://www.halallifestyle.id/finance/ustadz-tanjung-sebut-ada-masalah-pada-bank-wakaf-mikro

https://www.islampos.com/maqashid-syariah-dalam-ekonomi-keuangan-dan-perbankan-syariah-84636/

https://www.liputan6.com/bisnis/read/3431132/bedanya-bank-wakaf-mikro-dengan-badan-wakaf-versi-ojk

https://www.ojk.go.id/id/beritadankegiatan/siaranpers/Pages/SiaranPersOJKKeluarkanIzinDuaPuluhBankWakafMikro¬¬¬AnNawawiTanara.aspx

https://www.republika.co.id/berita/dunia-islam/islam-nusantara/18/10/21/pgyejz384-jokowi-janji-bangun-1000-lebih-balai-pelatihan-di-pesantren

Ibn Humam. Fath al-Qadir. Beirut: Dar al-Kutub, t.th.

Ibn Qudamah. Al-Mughni wa al-Syarh al-Kabir. Beirut: Dar al-Kutub al-‘Arabi, 1972.

Keputusan Fatwa Majelis Ulama Indonesia Tentang Wakaf Uang, 11 Mei 2002.

Medias, Fahmi. “Bank Wakaf: Solusi Pemberdayaan Sosial Ekonomi Indonesia.” Indonesia Journal of Islamic Literature and Muslim Society. Vol. 2 No. 1, 2017.

Pusat Pengkajian dan Pengembangan Ekonomi Islam (P3EI) Universitas Islam Indonesia. Ekonomi Islam. Jakarta: Rajawali Pers, 2008.

Rama, Ali, dan Makhlani. “Basis Maqasid Syari’ah.” Harian Republika, Jum’at, 7 September 2012. Kolom Opini.

Sabiq, al-Sayyid. Fiqh as-Sunat. Beirut: Dar al-Fikr, 1983.

UU RI No. 41 tahun 2004 Tentang Wakaf.

Downloads

Published

2019-05-01

How to Cite

Nugroho, Wahyu, and Faridl Noor Hilal. 2019. “Micro Waqf Bank in Indonesia: Analysis of The Constitution Concept According to The Maqashid Sharia”. AL-IKTISAB: Journal of Islamic Economic Law 3 (1). https://doi.org/10.21111/al-iktisab.v3i1.3905.

Issue

Vol. 3 No. 1 (2019)

Section

Articles

License

Publishing your paper with Al-Iktisab: Journal of Islamic Economic Law means that the author or authors retain the copyright in the paper. Al-Iktisab: Journal of Islamic Economic Law granted an exclusive non commercial reuse license by the author(s), but the author(s) are able to put the paper onto a website, distribute it to colleagues, give it to students, use it in your thesis etc, so long as the use is not directed at commercial advantage or toward private monetary gain. The author(s) can reuse the figures and tables and other information contained in their paper published by Al-Iktisab: Journal of Islamic Economic Law in future papers or work without having to ask anyone for permission, provided that the figures, tables or other information that is included in the new paper or work properly references the published paper as the source of the figures, tables or other information, and the new paper or work is not direct at private monetary gain or commercial advantage.

Al-Iktisab: Journal of Islamic Economic Law journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This journal is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. This license lets others remix, tweak, and build upon your work non-commercially, and although their new works must also acknowledge & be non-commercial, they don’t have to license their derivative works on the same terms.

Al-Iktisab: Journal of Islamic Economic Law journal Open Access articles are distributed under this Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Articles can be read and shared for noncommercial purposes under the following conditions:

  • BY: You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use (Attribution).
  • NC: You may not use the material for commercial purposes (Non Commercial).
  • SA: If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original (Share Alike).