Indonesian Waqf Board is an independent state institution formed based on Law Number 41 of 2004 concerning Waqfs. This Board was formed in the framework of developing and advancing representatives in Indonesia.
Secretariat: Bayt Al Quran Building Beautiful Indonesia Miniature Park (TMII)

Jl. Raya TMII Pintu 1 - Jakarta Timur 13560

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T: +6221-87799232

     +6221-87799311

F: +6221-87799383

E: bwi@bwi.or.id

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Buku

BI, BWI & IRTI-IsDB

Background

1. In the Arabic language, the word waqf or habs means preventing something from movement. In Shari’ah terminology, waqf refers to making a property invulnerable to disposition that leads to a transfer of ownership, and donating the usufruct, or the fruit of the asset, to beneficiaries. Waqf is permissible in Shari’ah, as has been emphasized by the Sunnah (Prophetic traditions) and Ijma’ (consensus of Fuqaha). Waqf is also a binding commitment; therefore, the declaring of a property as waqf would simultaneously deprive its donating owner of the right of ownership.1

2. There are several types of waqf, the most important being charitable waqf (al-waqf al-khayri), family waqf (al-waqf al-ahli), joint waqf (al-waqf al-mushtarak), and self-dedicated waqf (al-waqf’ala al-nafs). The basic elements of waqf include: the form of the donation, the waqif (the donor), the beneficiary, and the donated property. Waqf is permissible in the form of real estate along with permanent furniture and fittings, movable assets, money, shariah compliant shares and sukuk. Regulators and Supervisors will observe all of the regulations, including Shari’ah-related regulation, to ensure the compliance of all related parties.

3. The core principles of waqf, as part of Islamic finance, embrace the principle of altruism, which promotes or maximizes the benefits to others, inclusively for all humans and living beings. The principles emphasize the importance of maintaining or keeping public confidence high since the system is fully dependent upon the public’s propensity to donate.

4. A well-organized waqf system supported by information technology and compatible with other programs can be expected to serve as an additional vehicle of fund mobilization to support and significantly contribute to government economic development programs, particularly to programs for poverty reduction and comprehensive human development.

5. The institution of waqf has evolved over time and across different regions. Most regions have legal systems that reflect a traditional concern for preservation as captured in the three principles of perpetuity (assets/purpose), inalienability, and irreversibility. Contemporary scholars take a lenient view and permit temporary awqaf as well as reversibility under certain conditions. This waqf core principles duly acknowledges that there are different school of thoughts related to the law and the implementation of awqaf. The Waqf Core Principles (WCP) have thus been

structured around certain basic building blocks focusing on “benevolence” and “mutual benefit” while also seeking to harmonize alternative viewpoints.

 

Technical Considerations

6. The Waqf Core Principles (WCP) provide a clear positioning of the awqaf sector within the economic structure, especially in terms of providing direct socio-economic benefits (utilization of the corpus of awqaf in the form of fixed or non-fixed assets) and the contribution of low-cost financing from the returns on investment of the corpus of awqaf.

7. The Waqf Core Principles (WCP) provide clear and standardized systematics on the supporting elements of the worldwide-applicable waqf system. This waqf core principles is also positioned so as to ensure compatibility with, and the mutual recognition of, other financial sector prudential standards, as well as the latest regulatory standards that promote governance aspects.

8. The Waqf Core Principles (WCP) place the operational standards and supervision of the waqf sector at the same prudential level as that of other financial sectors. Operational standards are prepared to consider the risk-adjusted measures based on managed asset classes and the optimization of benefits for the community.

9. The Waqf Core Principles (WCP) dissect the elements of supervision related to the operationalization of the waqf system into a systematic arrangement structure as follows:

a. Legal foundation;

b. Waqf supervision;

c. Good waqf governance;

d. Risk management;

e. Shari’ah governance.

10. This is the main reference document for the generation of various technical notes that cover specific technical aspects of waqf arrangement.

11. This is the main reference document for measuring the performance of waqf management while accommodating the technical and operational issues that different jurisdictions may involve.

12. This waqf core principles allows scope for the commingling of endowment funds with other philanthropy-driven funds while underlining the following:

a. divine motivation; and

b. the restriction of a portfolio only to halal businesses;

c. the underlying physical asset.

13. The core principles underscore the importance of financial technology applications in waqf management.

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Kemenag

Sejak terjadinya krisis ekonomidan melonjaknya angka kemiskinan di tanah air kita, wakaf semakin dirasa penting peranannya dalam menanggulangi problem sosialdan ekonomi di tengah masyarakat. Sehubungan dengan itu, upaya yang dilakukan Pemerintahdiantaranya ialah menerbitkan buku Fiqih Wakaf dalam rangka memberikan pencerahanpemahaman umat Islam terhadap wakaf.Penyusunan buku-buku referensi tentang wakaf merupakan bagian dari upaya Pemerintah untuk memajukan perwakafan sesuai dengan potensi yang ada dalam masyarakat kita dan mencontoh keberhasilan yang terdapat di negara lain

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BWI

Dalam satu dekade terakhir, ghirrah terkait praktik wakaf di Indonesia semakin meningkat, dari sisi kuantitas dan kualitas. Hal ini dilihat dari terus bertambahnya tanah/objek wakaf, semakin banyaknya lembaga-lembaga baru yang mengelola wakaf, adanya asosiasi dan forum untuk pengembangan wakaf, serta munculnya tipe wakaf baru, seperti wakaf asuransi. Peningkatan ini juga terlihat dalam kajian terkait wakaf. Ghirrah terhadap wakaf ini sejalan dengan meningkatnya gerakan filantropi Islam di Indonesia, khususnya sejak masa Reformasi, yang tidak saja mengembangkan zakat, tapi juga merambah pada pengembangan sedekah dan wakaf. Lembaga zakat pun ikut berkontribusi dalam mengembangkan wakaf, termasuk praktik wakaf produktif. Ikut meramaikan gerakan wakaf ini adalah Badan Wakaf Indonesia (BWI), sebuah institusi yang otoritatif mengurusi wakaf di Tanah Air. Buku Fenomena Wakaf di Indonesia: Tantangan menuju Wakaf Produktif memberi gambaran mutakhir mengenai dunia perwakafan di Indonesia yang mengambil empat fenomena, yaitu: 1) potensi wakaf produktif, 2) status tanah masjid, 3) praktik wakaf yang terkait dengan pemakaman, serta 4) perkembangan studi wakaf. Buku ini merupakan ringkasan dari beberapa hasil studi yang dilakukan oleh Divisi Penelitian dan Pengembangan BWI sejak 2012 sampai 2016. Hasil studi ini memuat data dan analisa yang memberi gambaran problematika perwakafan serta tantangan bagi terwujudnya upaya gerakan wakaf produktif di tanah air. Buku ini sangat relevan bagi akademisi yang mengkaji wakaf, filantropi Islam, dan akademisi yang mengkaji persoalan sosial keagamaan. Buku ini bisa menjadi panduan dalam memahami fenomena wakaf, memberi masukan bagi pemangku kebijakan sosial dan keagamaan, serta memberi inspirasi bagi pegiat wakaf di Tanah Air.

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Bank Indonesia

Pengaturan dan Tata Kelola yang Efektif

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