Muhammadiyah Waqf Land Empowerment Model in Magelang

Azizatul Islamiyah, Nurul Syofiyatun, Muhamad Fadhil Kusuma, Fahmi Medias
2020 Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019)   unpublished
Waqf has played an essential role in solving the social problems of the Ummah as a potential financial instrument. However, its management has long been applied in Indonesia without any impact on empowerment. This study, therefore, aims to identify and explore the land empowerment model in Magelang and its role in the development of Muhammadiyah Charitable Enterprises. The research uses a descriptive qualitative method, and data is obtained through observation and interviews with the Waqf Board
more » ... and Minister of Muhammadiyah Regional Leadership (MWK PDM) Magelang Regency. The regency managed about 415 waqf land until the end of 2019, where 95% have been used while 5% are vacant land. The institution uses the Islamic investment model to empower empty Waqf land by leasing as rice fields and building business units with collaboration from Islamic financial institutions. The results show the success of the Regency in ensuring land productivity and the development of Muhammadiyah Charitable Enterprises. This is in line with the main objectives regulated by PP Muhammadiyah through the development and management of Waqf.
doi:10.2991/assehr.k.200529.152 fatcat:elrw6fsrzjbx7bwoqbgdgxu5mq