Analysis of Productive Waqf Transformation and Cost Efficiency on Health Infrastructure Development in Bogor Regency

Authors

  • Loso Judijanto IPOSS Jakarta, Indonesia
  • Muhamad Ammar Muhtadi Nusa Putra University
  • Tera Lesmana Ciputra University

DOI:

https://doi.org/10.58812/wsshs.v2i11.1438

Keywords:

Productive Waqf, Cost Efficiency, Health Infrastructure Development, Bogor Regency, Islamic Finance

Abstract

This study explores the transformation of traditional waqf into productive waqf and its role in enhancing cost efficiency for health infrastructure development in Bogor Regency. Using a qualitative approach, the study draws on data from four key informants and document analysis, with findings analyzed through NVivo software. The research highlights how innovative waqf management strategies, such as leasing waqf land and reinvesting revenues, have contributed to sustainable financing of healthcare projects. Despite its potential, challenges such as regulatory constraints, limited management capacity, and cultural perceptions of waqf hinder its full implementation. The study emphasizes the need for regulatory reforms, capacity-building initiatives, and community engagement to optimize the use of productive waqf in public infrastructure. These findings provide valuable insights for policymakers, waqf institutions, and healthcare planners in leveraging Islamic financial instruments for sustainable development.

References

S. Masruroh, E. Nanggur, and U. A. Ngamal, “Peran Wakaf dalam Pengembangan Ekonomi Berkelanjutan: Studi Kasus di Indonesia,” Indo-Fintech Intellectuals J. Econ. Bus., vol. 4, no. 2, pp. 490–500, 2024.

B. S. Wijaya, A. R. C. Muis, H. Rokhaniyah, and A. P. Noveri, “IMPLEMENTASI SISTEM WAKAF SEBAGAI PILAR PEMBANGUNAN SOSIAL DAN PERTUMBUHAN EKONOMI BERKELANJUTAN DI YORDANIA,” Din. Glob. J. Ilmu Hub. Int., vol. 8, no. 01, pp. 160–175, 2023.

R. A. Qadri and E. Murwaningsari, “Establishing Cash-Waqf Model for Infrastructure Funding: The Analytic Network Process Study,” Int. J. Emerg. Issues Islam. Stud., vol. 3, no. 2, pp. 16–35, 2023.

I. F. A. Intan, W. Indrasari, and A. F. Putri, “Waqf Transformation: Public Investment Opportunities for Sustainable Development,” Eco-Iqtishodi J. Ilm. Ekon. dan Keuang. Syariah, vol. 5, no. 1, pp. 93–98, 2023.

F. Mohammad, “Waqaf Produktif: Menggerakkan Perekonomian Rakyat Menuju Ketahanan Ekonomi Berkelanjutan,” Oppor. J. Penelit. dan Pengabdi. Masy., vol. 2, no. 1, pp. 136–145, 2024.

S. Muhammad and I. P. Aji, “Implementation of Productive Waqf as a Strategy Economic Empowerment of Muslims,” Interdiscip. J. Soc. Sci. Educ., pp. 119–130, 2024.

L. Judijanto, “Implementation of Zakat Law in Empowering the Islamic Community’s Economy in Indonesia,” Easta J. Law Hum. Rights, vol. 2, no. 03, pp. 136–146, 2024.

L. Hakim and K. Nawawi, “Finding Solutions to Productive Waqf Management Problems: A Case in Indonesia,” Int. J. Waqf, vol. 4, no. 1, 2024.

L. Judijanto and E. Silamat, “Effectiveness of No-till Farming, Cover Cropping, and Crop Rotation in Improving the Sustainability of the Agricultural Sector in West Java,” West Sci. Nat. Technol., vol. 2, no. 02, pp. 91–101, 2024.

E. Askouri, “The Role of Waqf in Achieving the Purposes of Islamic Law,” Iqtisad Reconstr. Justice Welf. Indones., vol. 11, no. 1, pp. 101–120, 2024.

E. Sugianto, “Strategy for Accelerating Development of the National Sharia Economic and Financial Committee (KNEKS) Efforts to Improve Sharia Financial Institutions in Indonesia,” Syarikat J. Rumpun Ekon. Syariah, vol. 7, no. 1, pp. 1–13, 2024.

M. Amezzian, “Waqf in Higher Educational Institutions: Factors of Development in the Abbasid Era (334-656 AH),” 2024.

C. Korkut, “Effects of Cash Waqfs on Sustainable Economic Development in the Balkans During the Early Modern Period,” in Islamic Financial Institutions from the Early Modern Period to the 20th Century: Comparative Perspectives on the History and Development of Cash Waqfs, Springer, 2024, pp. 79–95.

S. Chatterjee and A. K. Kar, “Why do small and medium enterprises use social media marketing and what is the impact: Empirical insights from India,” Int. J. Inf. Manage., vol. 53, p. 102103, 2020.

T. L. H. Anh, “Analysing the Behaviour of Financial Risk Management and Its Impact on Success of Project,” Int. J. Res. Vocat. Stud., vol. 3, no. 1, pp. 20–25, 2023.

E. R. Geminarqi and H. Purnomo, “Improving Operational Management Efficiency in the Food and Beverage Industry: A Systematic Literature Review,” Open Access Indones. J. Soc. Sci., vol. 6, no. 5, pp. 1143–1149, 2023.

R. A. N. Hasana and S. Purwanto, “Cost efficiency analysis of logistics and warehouse business,” J. Fokus Manaj. Bisnis, vol. 14, no. 1, pp. 96–106, 2024.

F. D. Sholihah, W. N. Al-Farda, and L. T. Wulandari, “Study of the Role of Productive Waqf in Improving Community Welfare: A Qualitative Study at Rohmatul Ummah Islamic Boarding School Ringinrejo, Kediri, Indonesia,” Open Access Indones. J. Soc. Sci., vol. 7, no. 4, pp. 1649–1658, 2024.

S. Lathif, “Variations of Productive Waqf Management Model in Indonesia: A Literature Study,” Munazzama J. Islam. Manag. Pilgr., vol. 4, no. 1, pp. 74–82, 2024.

Downloads

Published

2024-11-29

How to Cite

Judijanto, L., Muhtadi, M. A., & Lesmana, T. (2024). Analysis of Productive Waqf Transformation and Cost Efficiency on Health Infrastructure Development in Bogor Regency. West Science Social and Humanities Studies, 2(11), 1851–1857. https://doi.org/10.58812/wsshs.v2i11.1438

Issue

Vol. 2 No. 11 (2024): West Science Social and Humanities Studies

Section

Articles

License

Copyright (c) 2024 Loso Judijanto, Muhamad Ammar Muhtadi, Tera Lesmana

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.