Challenges in Management of Baitul Maal wa Tamwil Based on Waqf

DOI

10.2991/assehr.k.200225.122How to use a DOI?

Keywords

waqf, BMT, poverty, endowment

Abstract

Poverty which is a problem in all countries to make it one of the priorities of the Sustainable Development Goals (SDGs) needs to be resolved from various aspects. In order to alleviate poverty, cash waqf is a very good alternative besides zakat. The potential of cash waqf in Indonesia is estimated to be quite large. Although there have been initiators and discourse by scientists related to the empowerment of the poor using instruments of Zakat, Alms and Endowments, the management of Waqf using Baitul Maal wa Tamwil (BMT) as a sharia financial institution to empower the poor in Indonesia is still underdeveloped. The most common problems experienced by waqf-based BMTs are related to regulations that must be used in institutions related to legal entities under OJK regulations as well as cooperatives and MSMEs, then human resources, and related to securing cash waqf communities in BMTs that are still low. the government needs to firmly provide direction in the form of regulations under the OJK as well as the Ministry of Cooperatives and MSMEs, while for human resources a continuous recruitment, training and workshop system is needed, a low understanding of the community is provided with existing stakeholders regarding waqf.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Purnama Putra
AU  - Isfandayani Isfandayani
PY  - 2020
DA  - 2020/03/03
TI  - Challenges in Management of Baitul Maal wa Tamwil Based on Waqf
BT  - Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019)
PB  - Atlantis Press
SP  - 562
EP  - 565
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200225.122
DO  - 10.2991/assehr.k.200225.122
ID  - Putra2020
ER  -