International Conference on Waqf and Economics Growth 2016
November 9th - 10th, 2016
VENUE:
Universitas Trisakti, Jakarta Indonesia
CALL FOR PAPERS
BACKGROUND
Waqf (endowment) is one of source of potential social funds are closely related to the welfare of the people, other than zakah (alms), infaq, and shodaqoh (donation). Especially when religious belief is primary motives for people to do that. Islamic philanthropy, such as zakah (alms), shodaqoh (donation) and endowments (waqfs) has been practiced in Indonesian archipelago since the coming of Islam to contemporary period. In fact, the practice has been intensified with different period of economy and political power to survive alongside modern and globalization periods. Different from zakah and shodaqoh, the practice of waqfs have been strongly connected to economy and social institution, from small objects such as books to big assets, such as masjid, estates, houses, schools, farms and plantations. These objects are kept to be perpetual of which their revenues and benefits are disbursed to the poor, needy and public good.
The urgency of endowments for social economic growth driven by increasing profit motive and private benefits, because it is intended for virtue and goodness. Another problem is how to build public trust that the productive endowments (waqf) could overcome poverty. Sometimes, public does not believe that the management of waqf could be expanded functions. It can affects public trust that the endowment could be expanded function becomes economically valuable. Public trust in the productive endowments (waqfs) means that it having to do with their knowledge of the norms relating to waqf. If the norm of waqf refers to the hadist of the Prophet, then the productive endowments (waqfs) have a clear legal basis.
Some Muslim countries in the world, such as Turkey, Kuwait, Bangladesh, and Singapore, have already success in implementing the management of waqf through property investment. In those countries, the activity of endowment become of economic empowerment that is developing rapidly to the welfare of the people, such as the development of activities in promoting Islamic culture. The development of endowments (waqfs) for social welfare and economic improvement is a new innovation in the allocation of funds by issuing certificates of cash waqf through Social Investment Bank Limited (Manan, 1999).
One of the countries that successfully implement a cash waqf is Saudi Arabia, to build the city of Mecca and Medina. Development projects of masjid, hotel, residential, and trade center, is done by applying a model of cash waqf, Sukuk Al - Intifa. In Indonesia, a model endowments has developed in Semarang (Yayasan Sultan Agung), Pondok Pesantren Gontor, Bandung (Gerakan Wakaf Pohon), Tabung Wakaf Indonesia, and Jogjakarta (Universitas Islam Indonesia).
Although there have been some successful enough waqf institutions, but there are still many other waqf institutions that have not been able to show significant results. The problem is on endowments knowledge of managers (Nazhir). How big asset endowments, if not manage by reliable and professional Nazhir, so the waqf assets will still remain, not change into productive.
The research result by Indonesian Waqf Board (BWI) proved that huge potential assets and endowment in Jakarta 2013 is depend on Nazhir. Indonesian Waqf Board aims to manage and develop the waqf property to be used in accordance with its function (worship and welfare of the people). In doing the task, BWI may cooperate with government agencies, community organizations, international agencies, experts, and others. The results of the identification of the Financial Services Authority (OJK) there are 34 groups included in financial conglomerates in Indonesia. OJK accounts for 70% of the assets of the financial sector, which reached Rp6.526 trillion. OJK can work together in a productive waqf asset management. Nevertheless it is still not many Nazhir know about this, so its need to socialization to provide training related to the management and development of productive endowments.
The potential of the impact and benefits of waqfs for economic and welfare is very high, even historian Marshall Hodgson convincingly stated that waqfs had been financing Muslim societies for ages. In Indonesia, potential of waqfs is also high that in 2014 there are 435,395 registered waqfs estates/lands (about 4,142,454,287.90 m2) scattered all over Indonesian archipelago. However, while the practice of waqfs in the Middle Eastern countries have been strongly connected to economy, commerce, and other social welfare that financed the Muslim communities, in Southeast Asia, including in Indonesian archipelago, waqfs are generally in the forms of big assets, such as estates, mosques, buildings and are mainly managed in traditional way. For example, out of total registered waqfs, 83% are used for mosques/ritual prayers houses, 7.9% for social institutions, 7% for schools/madrasahs, and 3% for cemeteries. Commercial waqfs are not many and only started to mushrooming in discourses and movements in the reformation period.
However, from the Reformation period, a movement toward ‘productive’ waqfs has been flourishing. A fatwa supporting practice of cash waqfs was issued and movement to cash waqfs has been geared by the Indonesian Waqf Board and Indonesian Ministry of Religion. Although the practice of productive waqfs remain slow, there are some enthusiasm to productive and commercial waqfs. Shortly, there has been development of waqfs in modern period, even adapting to modern and contemporary economy, to growing middle-class Muslim, to new kind of waqfs institutions, that contributing to various social and welfare of the communities.
This conference seeks to trace 1) various practices of waqfs in Indonesian archipelago (from traditional types of waqfs (such as mosques, schools), to ‘productive’ waqfs (such as plantation, hospitals), to new kind of waqfs (such as cash, bonds, and shares), 2) its development to the modern and recent economic system, and 3) how its benefit to the economy and social welfare of the community. It opens to various academic disciplines and approaches (ranging from legal, history, economic, commerce, finance, social work, philanthropy, to sociology and anthropology) that could portray and analyze the practice and development of waqfs, either by quantitative or qualitative methodologies.
This conference is an opportunity for scholars of waqfs to learn various types of waqfs existing in the Indonesian archipelago, to share their studies and interact with other scholars working on waqfs. The results of this conference will contribute to a novel understanding of rich practices of waqfs that had been institutionalized in the Indonesian archipelago. It will contribute to further development of ‘productive’ waqfs in the Indonesia. It will also benefit policy makers to seek solution to policies related to progression of waqfs.
OBJECTIVES OF THE SEMINAR
1. As a platform in the dissemination of knowledge and exchange information / experiences to be applied in the development of Institutions of Higher Learning using waqf instruments.
2. To bring together the expertise of various institutions with the view to improve the quality and quantity of research and innovation in the field of waqf .
3. To promote and improve waqf practices to increase the number of philanthropic activities among in Indonesia and the World.
4. To enhance good governance practices through the formulation of informed policy for waqf projects in Indonesia and the World.
SUB-THEMES
Topics of interest for submission include, but are not limited to:
1. Experience Productive Waqfs (sharing each country)
2. Indonesia Idea Powerless Management of Waqfs
3. Analysis and Idea Waqfs for Indonesia
4. Development of Waqfs in Indonesia
5. Fiqh Waqf
6. Waqf Regulation
7. Cash and Productive Waqf Management
8. Waqf in Minority Countries
9. Waqf and Nadzhir
10. Stock (Share) Waqf and Intellectual Property Right
11. Waqf Assets Management and Accounting
12. The Power of Waqf, Demography and Civil Society
13. Innovation Waqf and Entrepreneurship
14. Consolidation Waqfs Indonesia
15. Middle East, Survival and Development of Waqf and the Islamic Finance
16. Europe, Survival and Development of Waqf and the Islamic Finance
17. South East Asia, Survival and Development of Waqf and the Islamic Finance
18. North Africa, Survival and Development of Waqf and the Islamic Finance
19. ICT challenges in the Global Islamic Endowment.
PAPER SUBMISSION
All full text papers and abstracts will be peer reviewed and evaluated based on originality, technical and/or research content/depth, correctness, relevance to conference. The submissions will be chosen based on technical merit, interest, applicability, and how well they fit a coherent and balanced technical program. Prospective authors are kindly invited to submit full text papers and abstracts via online systeml in a MS-word .doc, .docx file format. All paper which is submitted to this conference will become the property of BWI and will be published in Al-Awqaf Journal (Journal of BWI). Please submit your paper or/and abstract to the respective conference early as possible.
BASIC SUBMISSION RULES
Language: English
Abstract: Word limited 300 words within 1 pages.
Paper length / Word limitation: Full paper: Word limited 12 pages. Reference, table / chart and Keywords are included.
*Only Full Paper will be recommend to International Journals (Al-Awqaf)
Keywords: 3-5 words
Font: Times New Roman
Size: 12 point
Paragraph: Single-Spaced
Margin: Normal (Top :2.54 cm , Bottom: 2.54 cm; Left : 3.18cm , Right: 3.18cm)
Page numbers: Bottom-Centered
Format: MS Word-compatible file
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