Towards Energy Security and Sustainability in Indonesia: Exploring The Waqf-Based Potential

It is ironic to note that Indonesia remains a net importer of energy, which has been one of the basic needs of the Indonesians. As the efforts to decrease the energy import and  to secure energy supply, including through Renewable Energy (RE) development which has already started, the gap between the target and the actual is observable and acknowledged in existing studies or official reports by the authorities. Alignment between Islamic Finance (IF) and Renewable Energy can be observed, as both ideally have a preference for the earth and environment-friendly program. They align with several Sustainable Development Goals (SDGs), including SDG 7 on affordable and clean energy, SDG 10 on reduced inequality, SDG 13 on climate action, and SDG 17 on partnership on the goals. That is why this study aims to explore the opportunities and challenges of waqf-based renewable energy in Indonesia. To this end, a Focus Group Discussion (FGD) with 15 key informants from 12 different institutions was conducted by Waqf Center for Indonesian Development and Studies (WaCIDS). Notable views from relevant stakeholders, the representatives of both waqf and the RE sector, are complemented by an open-ended questionnaire, which was circulated during the session. Data is analyzed using thematic analysis with the assistance of Atlas.ti software. As a pioneer study that relates waqf and renewable energy in Indonesia, this study provides an avenue for further research and implementation. This study is expected to offer theoretical and practical references on waqf and RE discourse. As the waqf-related stakeholders may gain insight into entering the RE projects, the RE practitioners may also acknowledge the potential of waqf as part of financing alternatives. Hopefully, this study can benefit the policymakers and the pivotal stakeholders in seeking a solution to secure and sustain energy in Indonesia

Waqf for Socio-Economic Development: A Perspective of Ibn Khaldun

Vakıf geçmişinin toplumun refahı üzerinde önemli katkısı kabul edilirken, vakfın bu çağdaş dönemde İslam medeniyetini kurmak ve sosyo-ekonomik adaleti teşvik etmek adına bir simge ve saygın bir kurum olma potansiyeline sahip olduğuna inanılmaktadır. Vakıf üzerinde çok fazla çalışma yapılmasına rağmen, Batı perspektifinin tartışmaya hâkim olduğu açıktır. Vakıf gelişimi ile ilgili iç görü kazanmak için tanınmış Müslüman âlimlerden ise daha az çalışma tetkik edilmiştir. Haddi zatında bu çalışma vakfın dirilişi için bu tutum ile İbn Haldun'un perspektifini keşfederek ve onunla ilişkilendirerek bu boşluğu dolduracaktır. İlk olarak, bu makale İbn Haldun'un sosyo-ekonomik kalkınma için Devletin rolü konusundaki perspektifi üzerinde duracaktır. İkinci olarak, İbn Haldun’un toplumda sürdürülebilir ve adil ortamı garanti eden ahlaki değerlerin nasıl teşvik edileceğine ilişkin bakış açısını ele alacaktır. Onun bakış açısına dayanarak, sosyo-ekonomik kalkınma için vakfın teşvik edilmesi adına önerilen bir uygulama teklif edilmektedir. Bu çalışma sürdürülebilir sosyo-ekonomik kalkınmayı teşvik etmek için vakıf ve İbn Haldun’un bakış açısını detaylı bir şekilde ele alma girişiminde bulunan öncü çalışmaları temsil etmektedir.While waqf past significant contribution towards the welfare of society has been acknowledged, it is believed that waqf has potential to be the icon and esteemed institution to establish Islamic civilization and promote socio economic justice in this contemporary era. While more studies on waqf have been conducted, it is apparent that Western perspective dominates the discussion. Less literatures from well-known Muslim scholar is explored to gain the insight for waqf development. As such, with the spirit for waqf revival, this current study is going to fill this gap by exploring and relating to the perspective of Ibn Khaldun. Firstly, this paper is going to elaborate the perspective of Ibn Khaldun on the role of the State for socio-economic development. Secondly, it will elaborate the Ibn Khaldun’s perspective on how to promote moral values that warrant sustainable and fair environment in the society. Based on his perspectives, a recommended practice is proposed to promote waqf for socio-economic development. This study represents the pioneer work that attempts to elaborate waqf and Ibn Khaldun’s perspective to promote sustainable socio-economic development

Waqf and Impact Sustainable Finance in Indonesia: Lessons from ESG Reporting Concept

Introduction to The Problem: The expansion of waqf institutions in Indonesia is increasingly promising. However, not many implement a strict reporting system. Moreover, most of the waqf institutions are managed by Nazhir individually. The application of ESG reporting is important to see how a waqf institution is seen as having an impact on a number of issues related to the existence of the institution in the context of sustainable finance. Purpose: Environmental, social, and governance (ESG) reporting is one method of reporting the sustainable impact of a company's performance as measured in a number of analytical tools. This study aims to reveal ESG aspects in reporting by waqf institutions. Design/Methodology/Approach: This study employs a qualitative approach by utilizing a meta-synthesis of ESG literature. This is a systematic exploratory research strategy for building or extracting references from qualitative research. Findings: This research found that ESG concept is also relevant to be applied in philanthropic institutions such as waqf institutions in Indonesia. Maqashid sharia is the principle in Islamic institution that mandates transparency and responsibility not only to the community, but also to the surrounding environment to realize modern organizational governance

EFEKTIVITAS PENGAWASAN DALAM PERLINDUNGAN KERUSAKAN LINGKUNGAN DI DINAS LINGKUNGAN HIDUP KABUPATEN BANDUNG BARAT

SkripsiinidilatarbelakangiolehPengelolaanlingkungantermasukpencegahan, penanggulangankerusakandanpencemaransertapemulihankualitaslingkungantelahmenuntutdikembangkannyaberbagaiperangkatkebijaksanaandan program sertakegiatan yang didukungolehsistempendukungpengelolaanlingkunganlainnya.Sistemtersebutmencakupkemantapankelembagaan, sumberdayamanusiadankemitraanlingkungan, disampingperangkathukumdanperundangan, informasisertapendanaan. Penelitianinimerupakanpenelitiandeskriptifkualitatif.Subjekpenelitianditentukandengancara purposive. Subjekdalampenelitianinisebanyak 6 orang pegawai di DinasLingkunganHidupKabupatenBandung Barat.Data diperolehdenganwawancaradanpengamatan. Berdasarkantemuanpenelitiandanpembahasantentangefektivitaspengawasandalamperlindungankerusakanlingkungan di dinaslingkunganhidupKabupaten Bandung Barat, dapatditemukanbeberapakesimpulandan saran sebagaiberikut: 1) DinaslingkunganhidupKabupaten Bandung Barat memilikiperananpentingdalam proses pengawasandalamperlindungankerusakan di lingkunganKabupaten Bandung Barat. 2) DinaslingkunganhidupKabupaten Bandung Barat jugaberupayamemenuhikebutuhan RTH sesuaiarahanpengembangandalam RT/RW di lingkunganKabupaten Bandung Barat, kebijakanpemantapan RTH perkotaanpublikdenganluas 20% dan RTH perkotaanprivatdenganluas 10% dariluaskawasanperkotaan. Kata kunci :EfektivitasPengawasan. PerlindunganKerusakanLingkunga

The Strategy of Nazir Development in Indonesia: A Qualitative Study

The purpose of this study is to identify the most important factors in determining current strategies for the development of Nazir in specific region of Indonesia and to examine how the internal and external states developing in that province. Two analyses were used in this research method: SWOT (Strength, Weakness, Opportunity, and Threats) and QSPM (Quantitative Strategic Planning Matrix). The number of respondents who filled out the questionnaire was 8 big institutional Nazir and 5 Waqf experts between September and January of 2021, respectively. The result of SWOT analysis is that Waqf institutions need to carry out WT (Weakness Threats) strategy, which is a defensive strategy. Meanwhile, the QSPM analysis discovered that the second strategy is the most priority one. Afterwards, at the conclusion of this study, the results of these particular studies as well as recommendation will be discussed

The current status of governance on Waqf sector in Indonesia

Purpose In the past, waqf was able to significantly contribute towards the ummah welfare. While the potential remains in this contemporary era, a contrast situation on waqf can be observed in many Muslim countries, including Indonesia. In Indonesia, most of existing waqf assets are not productive. Yet the actual collection of cash waqf is reported to be less than 1% of its perceived potential. National Planning Agency (BAPPENAS) mentioned that this situation occurred due to lack of transparency and good governance on waqf sector in Indonesia. Whereas some studies have acknowledged importance of effective governance for waqf revival, a study that elaborates the current status of governance on this sector is hardly found. The current study aims to elaborate and analyze the reality of governance of waqf sector in Indonesia. Design/methodology/approach Qualitative approach with meta-synthesis of the literatures on governance and waqf in Indonesia is employed in this study. In addition, relevant laws, regulations, published reports, and online sources are also being included. Findings According to Waqf Act 41/2004, Indonesian Waqf Board (IWB) represents the governing body of waqf sector in Indonesia. Theoretically, this body is equipped with certain authorities and resources to conduct the governance mechanism. However, in practice, lack of governance mechanism and issue on governance structure are observed. In addition, Ministry of Religious Affairs (MoRA) is also playing a role as Waqf authority in the country. Lack of explicit work clarity and segregation of duties between those two authorities is considered to cause overlap and inefficiency in governance of waqf sector in Indonesia. Hence, clear governance system of waqf sector in term of functioning (mechanism), structure, infrastructure, and composition are in need of development and implementation. Originality/value This study represents the first work that attempts to elaborate the state of governance of Waqf sector in Indonesi

TINJAUAN FIQH MUAMALAH TERHADAP SISTEM KERJASAMA PENGEBORAN MINYAK MENTAH DI DESA KEBAN KECAMATAN BABAT TOMAN KABUPATEN MUSI BANYUASIN.[SKRIPSI]

Sebagai makhluk sosial, manusia saling membutuhkan satu sama lainnya. Salah satu cara yang dilakukan untuk memenuhi kebutuhan manusia dengan kegiatan kerjasama. Kerjasama yang baik adalah kerjasama yang didalamnya terdapat kejujuran dan saling menguntungkan satu sama lainnya serta tidak menyimpang dari perintah Allah. Namun dari setiap kerjasama tidak terlepas permasalahan yang menghampiri para pihak yang terlibat dalam kerjasama tersebut, oleh karena itu diperlukan adanya kesepakatan bersama antara kedua belah pihak baik dalam segi pekerjaan maupun pembagian keuntungan dalam melaksanakan proses kerjasama. Seperti yang terjadi pada Sistem Kerjasama Pengeboran Minyak Mentah Di Desa Keban Kecamatan Babat Toman Kabupaten Musi Banyuasin. Peneliti melakukan penelitian ini dengan tujuan untuk mengetahui bagaimana pelaksanan sistem kerjasama pengeboran minyak mentah, apa saja faktor yang mendukung sistem kerjasama pengeboran minyak mentah dan mengetahui bagaimana tinjauan konsep syirkah terhadap pelaksanaan sistem kerjasama pengeboran minyak mentah. Untuk mencapai tujuan tersebut peneliti menggunakan pendekatan kualitatif dan jenis penelitian field research. Sedangkan sumber data yang digunakan adalah sumber data primer dan sumber data sekunder kemudian dianalisa menggunakan deskriftif analitik, yaitu mengumpulkan data-data yang telah ada kemudian data-data tersebut dikelompokkan ke dalam kategori-kategori berdasarkan persamaan jenis data tersebut, dengan tujuan dapat menggambarkan permasalahan yang diteliti kemudian dianalisis dengan menggunakan teori hukum Islam. Hasil penelitian ini menunjukkan bahwa sistem kerjasama pengeboran minyak mentah terdiri dari dua belah pihak yaitu pemilik tanah dan pengelola. Kerjasama ini diperbolehkan karena telah memenuhi syarat syirkah mudharabah. Kata kunci syirkah

Faktor-faktor yang Memengaruhi Reporting Lag Perusahaan

Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai faktor-faktor yang memengaruhi reporting lag Perusahaan. Sampel penelitian terdiri dari 71 firm-years yang termasuk dalam Indeks LQ45 tahun 2009 dan 2010. Rata-rata reporting lag Perusahaan sampel adalah 86 hari. Analisis regresi linear berganda menunjukkan bahwa profitabilitas (NPM) berpengaruh negatif terhadap reporting lag Perusahaan dan rasio utang (TDR) berpengaruh positif terhadap reporting lag Perusahaan. Sedangkan variabel tipe laporan keuangan, likuiditas (CR), dan pergantian auditor tidak berpengaruh signifikan terhadap reporting lag Perusahaan. Kata Kunci: Reporting lag, tipe laporan keuangan, profitabilitas, likuiditas, rasio utang, pergantian auditor This research is designed to investigate factors influencing companies' reporting lag. 71 firm-years which are utilized in this research belong to LQ45 Index in 2009 and 2010. The means of reporting lag is 86 days. Analysis of multiple linear regression method reveals that profitability (NPM) negatively influences companies' reporting lag and debt ratio (TDR) positively influences companies' reporting lag while variable of reporting type, liquidity (CR), and auditor turnover do not influence companies' reporting lag

Waqf and legacy of altruism in Singapore: challenges and development

The success story of waqf development in Singapore has been significantly acknowledged. The successful experience warrants for learning models for comparative experiences among other Muslim countries in Asia. This study document and analyze to share two main research objectives related to the Waqf practices. First, it aims to explore and elaborate on the dynamics of waqf administration and property development in Singapore. Second, analyzes the significance of past altruistic waqf landmark activities towards the Muslim community in Singapore. Based on prior studies, this research phenomenon has yet to be addressed and highlighted in any previous study. A qualitative approach with a case study research design is applied in this research. In-depth semi-structured interview sessions with 4 private mutawallis are complemented with reviews of relevant documents. This study finds that external factors, including mandatory acquisition by the government, higher living costs, and several legal restrictions represent the main challenges to the waqf sector in the country. On other hand, effective governing roles played by MUIS as waqf authority in the country enable the initiative of new waqf type and redevelopment of existing waqf properties. In the present time, these endowed properties provide benefits not only for the Muslim community in Singapore but also to significant other beneficiaries outside Singapore. The findings of this study indicate that the legacy of waqf inspires altruism in the modern Singaporean Muslim community. It becomes the basis for contemporary waqf practice among Muslims in Singapore and assists them to be a self-sustaining passionate and harmonic community