Waqf Core Principles Implementation at Muhammadiyah Nazhir Waqf: An Analytic Network Process Approach
Adilnia Fifi Susanti(a,b), Berliana Florensia (a,b), Habib Abdul Kholid Al Huzain (a,b), Ilyas Syah (a,b), Fahmi Medias (a,b*)

a) Islamic Economic Law Department, Universitas Muhammadiyah Magelang, Magelang, Indonesia
b) Islamic Philanthropy Study Center (IPSyC), Universitas Muhammadiyah Magelang, Magelang, Indonesia

Abstract

This study analyzes the Waqf Core Principles (WCP) implementation index on Muhammadiyah nazhir waqf DI Yogyakarta. The Multi Stage Weighted Index method was used in this study to calculate the procedural WCP implementation index and Network Process Analysis (ANP) to analyze problems, solutions, and Muhammadiyah nazhir strategies in WCP implementation. The results of the study present the fact that Muhammadiyah nazhir waqf DI Yogyakarta has a total index value of 0.51 or is in a fairly good category (its mean: Muhammadiyah nazhir waqf DI Yogyakarta has implemented the crucial WCP variable). Based on the ANP construction, there are 7 main problems encountered, namely the ownership of SOPs for collection and distribution, asset management partners, waqf supervisory procedures, internal and external audits, absence of a supervisory board, risk implementation guidelines, and waqf risk literacy. The solutions set are the formulation of SOPs and technical instructions. the determination of asset management partners, the formulation of waqf supervision rules, the formulation of supervision rules by the Indonesian Waqf Board, the preparation of risk implementation guidelines, and the improvement of risk competence in nazhir. The strategy for achieving this solution is collaboration with the Indonesian Waqf Board in the formulation of SOPs, policy development by the Muhammadiyah Central Executive, and collaboration with BWI in increasing nazhir competence.

Keywords: Implementation- Waqf Core Principles- Nazhir Waqf Muhammadiyah- Analytuc Network Process

Topic: Economics